Pursuits
Christmas in August as Trucking Shares Offer Bet on U.S. Holiday
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Holiday sales probably will grow at a slower rate this year than last. That may present an opportunity for investors prepared to wager they’ll be better.
Most investors aren’t betting on a strong shopping season in the U.S. because of unemployment that’s remained above 8 percent since February 2009 and ambiguity about future tax rates, said Jack Ablin, chief investment officer at Harris Private Bank in Chicago, part of the BMO Financial Group which oversees about $60 billion of assets. Even so, now is the time to consider a trucking-stocks strategy because these conditions may offer a favorable risk-reward, he said.