Three ASX stocks to ride out the retail rebound
Joshua PeachMarkets reporter
An unexpected jump in retail sales in May has buoyed the prospects of one of the ASX’s worst-performing sectors, lending more credence to bets on a rebound in some of the sharemarket’s biggest laggards over the last year.
Data on Wednesday showed Australian retail trade rose 0.6 per cent in May – double the consensus forecast for a 0.3 per cent month-on-month rise.
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