(NASDAQ: BKNG), Starbucks Corporation (NASDAQ: SBUX), and McDonald's Corporation (NYSE: MCD).ĭespite reports of job cuts in the news, overall employment is still increasing. Some of the best consumer discretionary stocks to buy include Booking Holdings Inc. Nevertheless, consumers with higher incomes, who have more savings and spend a lower proportion of their income on basic living expenses like utilities, may continue to have strong discretionary spending. The supply and demand balance will also be significant, as frequent price promotions may have a detrimental impact on retailers' profit margins.

Investors may react positively to a decrease in inflation and the end of the Fed's rate-hike cycle, but the opposite could prolong uncertainty. The performance of different sectors in 2023 is expected to be heavily influenced by macroeconomic factors. The consumer discretionary sector has already been heavily discounted due to the prevailing pessimism, which could create attractive investment prospects. However, if inflation eases and the Federal Reserve successfully manages a gentle economic slowdown, these stocks could potentially lead a rebound in the markets. If inflation persists or the US economy enters a recession, consumers may have to significantly reduce their spending on non-essential items, which would negatively impact the earnings of companies in the consumer discretionary sector, such as clothing retailers, luxury brands, and travel firms. If you want to see more stocks in this selection, check out 5 Best Consumer Discretionary Stocks To Buy. In this article, we discuss 13 best consumer discretionary stocks to buy.

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