Consumers seem to be in a weird spot right now, with high-end luxury goods selling well, while some folks turn their back on McDonald’s (NYSE:MCD) following their price hikes. Indeed, the consumer could continue to be mixed going into the midpoint of this year as inflation and layoffs begin to work their way into sentiment. Despite this, Wall Street still seems quite upbeat on a handful of retail stocks (such as FIVE, BOOT, and TPX), which we’ll cover in this piece with some help from TipRanks’
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Shares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a "softer second-half revenue outlook" on its quarterly earnings.