The US economy is reopening and recovering, and consumer activity is surging with it. In a recent interview with the financial program Trading Nation, chief technician Johnson and investment strategist Tengler said they would be bullish on beer company Moku Wine and supermarket chain Costco Wholesale Corp, whose share price has gained 29% this year, twice as much as the S & P 500.

Johnson said that the return of spectators to watch the game at US sporting events is good news for the Mocu wine industry, and that actions such as buying beer by fans on the spot will help its internal sales boom. In addition, the technical shape of the company's stock price is also changing, which may reverse the decline of many years in one fell swoop. It is reported that the company closed at $58.32 a share on Friday, just 3 per cent short of Johnson's target price.

Tengler, an investment strategist, said on Friday that Costco Wholesale Corp's one-stop shop would continue to benefit consumers in the future, although the company's share price was calm this year (0.4 per cent rise), a far cry from the 45 per cent rise of XRT retail ETF. In addition, Costco released its Q1 quarterly results last week. Tengler said the stock was under selling pressure because of investor concerns about profit margins, but its net sales rose 22% in the quarter and 41% in e-commerce, according to Walmart Inc, a company in the same industry.The growth rate was 37 per cent, compared with 66 per cent a year ago. The average transaction size of the company is rising, and member sales are also improving.

Still, when it comes to the stock, Tengler is worried about inflation and warns investors to be cautious. "Costco Wholesale Corp talks about the disadvantages of inflation in almost every aspect of their business, which does squeeze profit margins; however, the company is very attractive in choosing the subject of our valuation, and it will be the beneficiary of consumers going out to spend."