Dollar stores are booming—and not just in terms of sales, but stock prices too. Today’s WSJ highlights how Family Dollar Stores’ stock rose 12 percent yesterday with the help of strong sales reports. Also up were stock prices for Dollar Tree and Wal-Mart.
Interestingly enough, three of the four hot stocks graphed out in the WSJ seem to be getting a boost by the recession. There’s Family Dollar Stores (you know why they’re doing so well), Whole Foods (perhaps because people are cooking more and going out to eat less), and Midwest burger-milkshake favorite Steak ‘n Shake (because if people are going out to eat, they’re not spending a lot of cash).