#1 - Dollar General (NYSE:DG)
The first stock for you to consider is Dollar General Corporation (NYSE:DG). Consumers are now facing the twin towers of inflation and higher interest rates. At times like this, they’re looking for ways to make their dollars stretch farther. And Dollar General can be that solution.
In addition to low prices, Dollar General operates strategically in rural markets that are not easily serviced by big box retailers. That means in addition to saving money while they’re at the store, consumers won’t have to drive as far which provides more savings.
The company hasn’t been immune from higher producer prices. Earnings have been down on a year-over-year basis. But that may be changing. And revenue continues to grow on a sequential and year-over-year basis.
Heading into 2023, DG stock is trading near the top of its 52-week range, while the S&P 500 is near its 52-week lows. And the stock is still a moderate buy from the analysts tracked by MarketBeat.
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.
More about Dollar General- Current Price
- $86.86
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $95.16 (9.6% Upside)
