Outdoor dining and home improvement stores will benefit from Americans spending stimulus checks.
Value retailers like Walmart and Dollar General will also benefit, as in the past, Jefferies said.
Past stimulus checks have provided a crucial boost to the economy amid the COVID-19 pandemic.
Retailers and restaurants are poised to see a boost in Americans buying goods if President Joe Biden signs the $1.9 trillion stimulus package, as expected.
Apparel, home improvement, outdoor dining, and travel companies are set to benefit from Americans who receive the extra $1,400 in their bank accounts, analysts at Jefferies said in a Monday note.
After the last stimulus checks in January, retail sales that month saw an 8.9% bump, indicating consumers want to spend the extra dollars, Jefferies said. This time around, the checks, which in most cases are more than twice the amount of January s, could boost sales once again.