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5 Hot Consumer Discretionary Stocks To Watch Right Now

With consumer discretionary names like Roblox and Nike collaborating, the industry remains active as ever.
The post 5 Hot Consumer Discretionary Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information |…

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Here Are 5 Top Consumer Discretionary Stocks Making Headlines This Week

As retail figures continue to impress across the board, consumer discretionary stocks among other cyclical stocks are in focus. Rightfully so as consumers continue to take center stage in the stock market today going into the holiday season. By and large, the current momentum in consumer markets appears to be driving investors’ focus on reopening trade players such as Bath & Body Works (NYSE: BBWI). The company’s shares are currently sitting on year-to-date gains of over 130%.

At the same time, consumer discretionary continue to bring their A-game on the operational front. Namely, the likes of Roblox and Nike (NYSE: NKE) are now collaborating. Through this collaboration, we now have Nikeland, a virtual Nike-themed world on Roblox’s gaming platform. At the same time, retailers like Macy’s (NYSE: M) continue to wow investors this earnings season as well. Notably, the company posted an earnings per share of $1.23, crushing Wall Street’s estimates of $0.31. Alongside this stellar quarter, Macy’s also seems to be eyeing a potential spin-off of its booming e-commerce arm. As a result, M stock has more than tripled in value year-to-date.

As a whole, strong consumer spending power appears to be the driving force behind consumer discretionary even amidst inflation concerns. After considering all of this, could these consumer discretionary stocks be top picks in the stock market now?

Top Consumer Discretionary Stocks To Watch Right Now

Roblox Corporation

Roblox Corporation is a consumer discretionary company that has garnered a lot of attention recently. As mentioned earlier, its latest partnership with Nike appears to be making waves in the market now. Through Nikeland, Roblox users can interact in a Nike-themed virtual world. For instance, users will be able to enter a digital showroom to dress their avatar in everything Nike. Accordingly, the implications of this move could see more businesses expanding into the metaverse space to further monetize their offerings. Against the backdrop of Meta Platforms’ (NASDAQ: FB) metaverse announcement, Roblox’s virtual world-based offerings would also become increasingly relevant. RBLX stock has enjoyed gains of over 60% in the past month alone and currently trades at $136.90 as of 1:22 p.m. ET. 

On November 8, 2021, the company reported its third-quarter financials. Diving in, revenue more than doubled year-over-year to $509.3 million. Also, its bookings increased by 28% compared to a year earlier at $637.8 million. As Roblox continues to enjoy growth in all of its core metrics, the company says that it appears to be having a great start to the last quarter of the year. Knowing this, would you add RBLX stock to your portfolio?

top consumer discretionary stocks (NYSE RBLX)
Source: TD Ameritrade TOS

[Read More] Top Stocks To Buy Now? 4 Renewable Energy Stocks For Your Watchlist

Roku Inc.

Roku is a streaming company that also manufactures a variety of digital media players for video streaming. In fact, the company has pioneered streaming to TV and continues to connect users to the streaming content they love. It also enables content publishers to build and monetize large audiences, providing advertisers with unique capabilities to engage consumers. Roku’s products and services are available to users across the U.S. and in select countries through direct retail sales. With that, ROKU stock currently trades at $235.71 as of 1:23 p.m. ET.

In an article published by the Wall Street Journal today, Roku says that it has plans to develop more than 50 original shows in the coming two years. The company is looking to better monetize the 155 million people living in Roku Households, about half of whom currently watch The Roku Channel. The Roku Channel lets users watch free ad-supported content that Roku licenses from more than 200 other media outlets. Given this piece of news, is ROKU stock worth watching right now?

NASDAQ ROKU
Source: TD Ameritrade TOS

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know

Spotify Technology SA

Following that, we have Spotify, a music streaming company that has essentially transformed the way people access and enjoy music. Today, millions of people in over 180 countries and territories have access to its more than 70 million tracks. SPOT stock currently trades at $261.22 as of 1:23 p.m. ET and has more than doubled in valuation since its pandemic era low.

Last week, the company announced the acquisition of Audiobook leader Findaway. Together, this will accelerate Spotify’s entry into the rapidly growing audiobooks industry, enabling faster innovation and bringing audiobooks to Spotify’s hundreds of millions of existing listeners. Findaway will also allow for quick scaling of Spotify’s audiobook catalog and innovate on the experience for its consumers. For this reason, is SPOT stock a top consumer discretionary stock to watch?

NYSE SPOT
Source: TD Ameritrade TOS

Zoom Video Communications Inc.

Following that, we have Zoom Video Communications. Sure, at face value most would not immediately think of Zoom as a consumer discretionary. However, the company’s premium services are becoming an increasingly relevant addition to most household electronics now. For the most part, the ongoing pandemic continues to impact some parts of the world more than others. This would be when Zoom’s industry-leading teleconferencing comes into play.

As it stands, ZM stock currently trades at $252.77 a share as of 1:23 p.m. ET. While investors’ sentiment regarding the company’s shares appears to be dropping off, could it be worth investing in? Well, we could take a look at the company’s latest quarterly financials. In short, Zoom saw green across the board. It raked in a total revenue of $1.02 billion for the quarter, marking a solid 53% year-over-year increase. Additionally, the company also saw year-over-year gains of 70% and 65% in its net income and earnings per share respectively. Not forgetting, all of these figures are in comparison to the early onslaught of the pandemic when Zoom’s offerings were especially hot. With Zoom’s current momentum, would ZM stock be on your watchlist now?

NASDAQ ZM
Source: TD Ameritrade TOS

[Read More] 5 Metaverse Stocks To Watch In November 2021

Walt Disney Company

Topping off our list today is the Walt Disney Company. For one thing, some would argue that Disney covers numerous angles of the consumer discretionary trade today. On one hand, its Disney+ streaming platform caters to stay-at-home-related entertainment spending. On other hand, the company’s theme park and tourism services appeal to eager travelers.

Now, while DIS stock trades at $153.48 as of 1:24 p.m. ET, should investors be keeping an eye on it? Since reporting less-than-ideal figures in its latest quarterly earnings call, DIS stock has been on a decline. However, Disney does not seem to be wavering on its plans to further leverage the current success of its offerings. CEO Bob Chapek notes that the company is making “great strides” in reopening its businesses while expanding its Disney+ library. Could the current weakness in DIS stock be a buying opportunity for eagle-eyed investors?

NYSE DIS
Source: TD Ameritrade TOS

The post 5 Hot Consumer Discretionary Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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International

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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Government

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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