NEW YORK ( TheStreet) -- LJ International (JADE), G-III Apparel Group (GIII - Get Report) and China Xiniya Fashion (XNY) are among eight consumer stocks with potential upside ranging between 13% to 80% in the next 12 months, according to analysts polled by Bloomberg.Consumer spending, which accounts for 70% of overall economic activity in the U.S., now fuels a major portion of economic growth. During March 2011, daily consumer spending in stores, restaurants, gas stations, and online averaged $64 per day as compared to $61 in February and $58 in January. Broadly, upper income spending averaged around $108 per day in March against $99 in the same month a year ago.
8 Consumer Stocks With High Buy Ratings
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.