Do You Have These Top Consumer Discretionary Stocks On Your 2021 Watchlist?
As investors weigh impressive earnings against the backdrop of resurging Delta variant cases, consumer discretionary stocks remain viable plays. For starters, the stock market today appears to be taking a breather from its previous five-day winning streak. Meanwhile, investor fears over the red-hot economy cooling off were further fed by lackluster retail sales in July. Would this mean that the consumer discretionary train is coming to a standstill? Not necessarily. If anything, there are plenty of consumer discretionary players that have and continue to thrive throughout the pandemic.
For the most part, this segment of the market includes the likes of video streaming, cannabis, e-commerce, and gaming industries. Not to mention, traditional retailers like Walmart (NYSE: WMT) and AutoZone (NYSE: AZO) continue to make headlines. On one hand, Walmart reported an earnings per share of $1.78 on revenue of $140.05 billion in its second-quarter fiscal earlier today. After exceeding consensus estimates on both fronts, the company also raised its outlook for the fiscal year. On the other hand, AutoZone received a rosy update from Oppenheimer (NYSE: OPY) head of technical analysis, Ari Wald yesterday. Wald cited AZO stock as having “technical, fundamental, and portfolio tailwinds behind it”. Given all of this, could these consumer discretionary stocks be top picks in the stock market now? CLICK HERE.
The post Best Consumer Discretionary Stocks To Watch This Week? 5 For Your List appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.