Last week, we said, “Keep an eye on Dollar Tree (DLTR). It’s considered one of the top recession-proof stocks on the market. With inflation showing no signs of cooling off, dollar stores are attracting higher-income shoppers. In fact, management at Dollar General say consumers earning $100,000 per year are helping drive growth as a challenge like inflation bites into their spending power.” Shortly after that note, the DLTR stock ran from about $142 to $147, and could run even more.
Another interesting dollar store stock is Dollar General (DG), which is also showing big signs of life, as consumers look to save money with higher inflation, and potential recession. DG last traded at $230.61 and also ran higher late last week.