These stocks will be the biggest stimulus beneficiaries, according to Jefferies

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A Home Depot branded bucket at a Home Depot store in Hercules, California, U.S., on Monday, Feb. 22, 2021.
David Paul Morris | Bloomberg | Getty Images

A range of companies can expect to see a surge in business this spring as another round of stimulus checks and extended unemployment benefits bolster the bank accounts of millions of Americans.

A team of Jefferies analysts whittled down a diverse list of several top potential beneficiaries that could see their stocks rise as sales improve amid the stimulus rollout, vaccine deployment and warmer weather.

Their picks spanned from home improvement stores to restaurants and specialty retailers.

Analyst Stephanie Wissink wrote that Jefferies screened its stock picks based on three principal criteria: Seasonal categories where spring is important to sales volume, value-hunting or low-to-moderate households who would receive stimulus checks, and services that would benefit from economic reopening.

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