Contrary to what most people say, the U.S. consumer does have more money, argues Morgan Stanley's chief U.S. equity strategist, Adam Parker.
"Our view is that the U.S. consumer has more money than people think," he told CNBC's "Squawk on the Street" on Tuesday. "There's more people working, they are working more hours per week, more money per hour, the interest rates are down, debt burden is down and gas prices are low."
Parker's play on this: Buy credit card companies.
Retail sales are scheduled for release on Friday. He said it can be hard to quantify how consumers can boost traditional retail sales since many are purchasing goods over the Internet.