CNBC Pro

Here is where consumers are spending their $1,400 stimulus checks — and which stocks are likely to benefit

Share
A shopper wearing a protective mask looks at a television for sale inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021.
David Paul Morris | Bloomberg | Getty Images

Stimulus checks may go into savings accounts or the stock market, but they also are likely to go shopping — boosting retailers' March sales.

Individuals have begun to receive the latest round of $1,400 checks. For a family of four, that one-time payment could be as high as $5,600.

Since earlier this month, some retail stocks have made gains as investors game where the cash may end up.

The case for retailers can be made simply by looking at where the last round of checks were spent.

More In Pro Insight

CNBC ProThese stocks have fast-growing dividends to counter inflation, says UBS
CNBC ProGoldman says companies that can pass on price increases will thrive as inflation picks up
CNBC ProThese 5 financial stocks beat their earnings estimates 80% of the time