7 Stocks to Buy As Americans Receive Stimulus Checks - 1 of 7

#1 - Dollar General (NYSE:DG)

Let’s start with what should seem like an obvious choice. Dollar General (NYSE:DG) has been one of the largest pandemic winners. It’s not just about the prices. Like real estate, location matters. And Dollar General has a large footprint that extends into areas that are not always covered by the big box chains. In fact, about 75% of the company’s nearly 17,000 stores are located in small cities defined as those with populations of 20,000 or less.

That’s significant in a world where social distancing and staying home have mattered. What’s also significant is that Dollar General is making a push into areas such as fresh produce and frozen goods. This is helping the company compete more directly in the grocery arena.

Dollar General stock is up about 34% in 2020. And with the stock down about 4% in the last month, DG stock may present an attractive buy-on-the-dip opportunity. To that end, analysts give Dollar General stock a price target of over $225.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine. Read More 

Current Price

$145.34

Consensus Rating

Hold

Ratings Breakdown

10 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$153.08 (5.3% Upside)