Macy’s, LVMH, and Costco are Cowen’s best choices in the retail, luxury and beauty sectors

$Macy's(M.US)$ $Costco(COST.US)$ $Walmart(WMT.US)$ $Grocery Outlet(GO.US)$ Macy’s (M) is one of the companies with the biggest increase today. Cowen previously reiterated that the company was selected as the best retail company in 2022 on the grounds that the department store chain’s digital business is accelerating and its sales by fiscal year 2023 The amount may reach 10 billion U.S. dollars.

More broadly, Cowen analysts including Oliver Chen recommend having stocks for high-end consumers such as LVMH (OTCPK:LVMHF), Restoration Hardware (RH) and Brilliant Earth (BRLT), as well as offerings for low-end consumers "Deep value" stocks such as Costco (COST), Wal-Mart (WMT) and Grocery Outlet (GO).

Article excerpted from the US Stock Research Agency