According to investor Brian Vendig, retail sales data in February pointed to strong consumers and added Delta Bullcase. The Chief Investment Officer of MJP Wealth Advisors joined CNBC's “Power Ranch” on Monday to showcase the airline's airlines and other stocks on CNBC's latest sales stock list. This is what he had to say in the 3-substance lunch segment. Delta Air Lines, with growing concern over a soft economy, has been a challenge for airline stocks. Delta Air Lines is no exception, trading stocks so far this year 23% lower. Delta “was quite heavily caught up in this fear of growth,” admitted Vendig. However, he noted that the stock is traded at an attractive valuation based on its advanced price and return rate. Additionally, retail sales data from February could potentially be a catalyst for stocks as it suggests consumers are spending. “When you think about the company basically, it has issued a fairly robust revenue guidance for 2025. “And I think consumers aren't dead, as you can see from the retail sales figures this morning. Consumers are looking for experience,” he added. “Finally, consider the future decline in crude oil prices. It will also help with the margins of stocks.” Lululemon Athletica's shares in Lululemon Athletica won 5% on Monday, throttling the overall downward trend over the past year. Stock prices fell 30% over the past 12 months and more than 10% in March. However, Vendig believes Lululemon should have a better time than last year, and once again points out the February retail sales report as proof. “There's a growth and presence in the online number of retail sales, and with consumers still spending, Lulu is really leaning towards that online presence,” says Vendig. “I found out that some analyst notes this morning that broader and more exposure to several social media channels can help support sales,” while Vendig wasn't too bullish at Accenture, calling it a stock that investors should “retreat a bit.” The stock of professional services providers has slipped 13% over the past 12 months. Vendig pointed out that stocks are popular among investors who hope that a higher corporate IT budget will lead to more consulting revenue. However, a very uncertain economic background reduces the appeal of inventory at this time. “At the end of the day, there is a lot of macro noise, as we all know, and how these economic policies unfold, allowing businesses to take a closer look at IT spending and budgets.
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