4 Discretionary Stocks to Buy as Consumer Confidence Hits 16-Month High
Portfolio Pulse from
Consumer confidence has reached a 16-month high, which is expected to positively impact discretionary stocks such as CNK, DIS, MAT, and FOX. These companies are likely to benefit from increased consumer spending during the holiday season.
December 04, 2024 | 4:30 pm
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POSITIVE IMPACT
Cinemark Holdings (CNK) is expected to benefit from increased consumer confidence and spending during the holiday season.
As consumer confidence rises, more people are likely to spend on entertainment, benefiting cinema chains like CNK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Walt Disney Company (DIS) is poised to benefit from increased consumer confidence and holiday spending.
Higher consumer confidence typically leads to increased spending on entertainment and leisure, benefiting companies like DIS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fox Corporation (FOX) is likely to benefit from increased consumer confidence and spending during the holiday season.
Increased consumer confidence can lead to higher advertising revenues and viewership, benefiting media companies like FOX.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mattel, Inc. (MAT) is expected to see positive impacts from increased consumer confidence and holiday spending.
With consumer confidence up, spending on toys and games is likely to increase, benefiting MAT.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80