6 Top Consumer Discretionary Stocks to Buy Now
Consumer spending powers most of the world's economic growth. That simple fact has made consumer-focused businesses a favorite among investors. In addition to their potential for eye-popping sales gains, these companies tend to own valuable, durable brands that support robust profitability.
Their businesses -- and balance sheets -- are also easier to understand compared to bank stocks or insurance companies. And, in many cases, investors can purchase the stock of a company that they routinely patronize, thus taking advantage of the Wall Street maxim, "buy what you know."
The consumer segment of the stock market is divided into two basic camps. So-called consumer staples stocks focus on products that are priorities in most household budgets, including toiletries, home cleaning supplies, and certain foods and beverages. But today we're looking at a few top stocks in the consumer discretionary segment, which involves products and services that aren't essentials, but that still satisfy shoppers' desires when they have extra cash to spend.
Source Fool.com
