Feeling worried? Not getting enough nookie? You're not alone. The Motley Fools’ Becca Lipman reports that American consumers' confidence levels appear to be shot, with Gallup polls showing record low consumer confidence levels and increased fears of being laid off. When consumer confidence is low, consumers may be more hesitant to spend and hold back on big-ticket items. Consumers are also likely to scrimp and save wherever possible, from driving and eating out less to choosing cheaper cereal brands.
Interested in tracking how the slowdown in consumer spending affects consumer companies? Below we list consumer spending stocks that have been dumped by hedge funds.
1. Citi Trends : Operates as a retailer of urban fashion apparel and accessories in the United States. Net institutional sales in the current quarter at -1.1M shares, which represents about 8.22% of the company's float of 13.38M shares. The stock is exhibiting bearish momentum, and it's currently trading below its 20-day, 50-day and 200-day moving averages.
2. DSW : Operates as a specialty branded footwear retailer in the US. Net institutional sales in the current quarter at -3.1M shares, which represents about 20.2% of the company's float of 15.35M shares.
3. Foot Locker : Operates as a retailer of athletic footwear and apparel. Net institutional sales in the current quarter at -5.5M shares, which represents about 3.62% of the company's float of 151.80M shares.
4. Gap : Operates as a specialty retailing company. Net institutional sales in the current quarter at -31.0M shares, which represents about 7.74% of the company's float of 400.28M shares. The stock is exhibiting bearish momentum, and it's currently trading below its 20-day, 50-day and 200-day moving averages…
Find out more at http://www.dailyfinance.com/2011/09/02/worried-consumers-hedge-funds-think-these-stocks-w/
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