This morning, watch for retail stocks to follow through from Thursday’s rally. Buyers snapped up Walmart (WMT) and Costco (COST) stock after the Commerce Department posted strong consumer spending levels.In July, advanced retail sales increased by 1% on the month. This is up from a 0.2% decline in June and well above the 0.3% expected rate. When the data excludes auto-related items, sales grew by 0.4%. Expect consumers to continue to shun automotive products. Dealerships at Ford (F) and Stellantis (STLA) are trying to sell high-end vehicles. Yet consumers do not have the money to buy them….