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Good Stocks To Invest In Right Now? 4 Consumer Discretionary Stocks To Know

As more positive economic growth signs continue to emerge, these consumer discretionary stocks would be on the radar now.
The post Good Stocks To Invest In Right Now? 4 Consumer Discretionary Stocks To Know appeared first on Stock Market News, Quotes,…

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4 Top Consumer Discretionary Stocks To Watch In May 2021

Consumer discretionary stocks are gaining momentum in the stock market today. This would be the case seeing as the labor market shows signs of continued recovery. Namely, the U.S. Department of Labor released its weekly unemployment figures earlier today. In detail, there were 444,000 initial jobless claims last week, below the expected 450,000. This marks a new pandemic-era low, supporting economic recovery stocks as consumer spending remains on the uptrend. As such, consumer discretionary stocks which naturally benefit from consumers spending more would be on investors’ watchlists now.

For starters, travel and leisure stocks such as Disney (NYSE: DIS) would benefit from an eventual tourism boom. Whether it is pre-bookings or limited capacity events, the sector would be preparing eagerly for the post-pandemic market. Elsewhere, we could see continued support in retail names like Etsy (NASDAQ: ETSY) as well. Ideally, this could come from both existing users and global markets who are lagging in terms of dealing with the pandemic.

Overall, if investors continue to rotate out of 2020’s top growth stocks, the consumer discretionary industry could be in focus. Given the slew of consumer discretionary stocks that could ride the current reopening tailwinds, I can see why. With all that said, here are four to consider watching on the stock market now.

Top Consumer Stocks To Watch This Month

Virgin Galactic Holdings Inc.

First up, we have a unique play on the tourism industry, Virgin Galactic. Now, most would not often think of SPCE stock when discussing consumer discretionary stocks. However, the company’s leading position in the space tourism industry would be one to consider in the long run. In brief, the company is developing commercial spacecraft and ultimately plans to facilitate space tourists via suborbital space flights.

Source: TD Ameritrade TOS

For investors looking to bet on this new frontier of the travel industry, SPCE stock would be a viable option now. The company’s shares are trading hot today with gains of over 15% as of 3:52 p.m. ET trading at $19.92. This could be investors reacting to its latest announcement.

Diving right into it, Virgin Galactic is looking to run its next spaceflight test this weekend. In an announcement earlier today, the company revealed that it had completed a maintenance review of its flagship carrier aircraft allowing for the test. According to CEO Michael Colglazier, the test flight will involve two pilots carrying “microgravity research payloads”. As it stands, Virgin Galactic is supposedly still aiming to begin its commercial services in 2022. Should this be the case, does SPCE stock seem like a buy to you now?

[Read More] Top Clean Energy Stocks Buy Now? 5 To Watch

Roblox Corporation

Roblox is a video game developer that is based in San Mateo, California. It is ranked as one of the top online entertainment platforms for audiences under the age of 18. The company has a co-experience platform that enables shared experiences among billions of users. Its platform is powered by user-generated content that draws inspiration from gaming, entertainment, social media, and even toys.

best consumer discretionary stocks (RBLX stock)
Source: TD Ameritrade TOS

Last week, the company released its first-quarter financials. Revenue for the quarter increased by 140% to $387 million. Its bookings also increased by 161% to a whopping $652.3 million. Roblox also reported that its average daily active users (DAU) were 42.1 million, an increase of 79% year-over-year. User engagement also increased to 9.7 billion hours, almost doubling year-over-year.

Seeing how the company is able to capitalize on human beings connecting with one another, it continues to invest in creating and sharing experiences for the Roblox community. With that in mind, will you consider RBLX stock as a top consumer discretionary stock to buy?

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Delta Air Lines Inc.

Delta is one of the major airlines in the U.S. and a legacy carrier. The company in its pre-pandemic days offered more than 5,000 daily departures and as many as 15,000 affiliated departures. It also serves nearly 200 million people every year, taking customers to over 300 destinations in over 50 countries. Given how the airline industry is gradually recovering as vaccination rollout takes place all over the world, DAL stock has doubled in the last year.

top consumer discretionary stocks (DAL stock)
Source: TD Ameritrade TOS

In April, the company reported its March quarter 2021 financials. The recent demand trends are encouraging as confidence in air travel continues to rise. With vaccination rates improving and travel restrictions being eased, domestic leisure bookings have recovered to 85% of 2019 levels.

In this quarter, the company’s cash burn averaged $11 million per day and had turned positive in the month of March with cash generation of $4 million per day. Could these be signs of better days ahead for the company? Given how we could be at the last leg of the pandemic, the company could weather through it rather well. With all that being said, is DAL stock worth adding to your portfolio right now?

[Read More] Stocks To Watch This Week? 4 Entertainment Stocks To Know

Chewy Inc.

Chewy is a consumer stock that focuses on online retailers of pet food and other pet-related products. In essence, the company offers a personalized service of a neighborhood pet store alongside the convenience and speed of e-commerce. It also boasts a wide selection of products with over 45,000 items to choose from. With competitive prices, fast shipping, and around-the-clock convenience, Chewy is no doubt a leader in the retail industry. CHWY stock is up by over 75% in the last year.

consumer discretionary stocks to buy (CHWY stock)
Source: TD Ameritrade TOS

In March, the company reported its fourth-quarter and full-year 2020 financials. Net sales for the quarter grew by 51% year-over-year at $2.04 billion. Chewy’s net income for the quarter was $21 million.

Sumit Singh, Chief Executive Officer of Chewy had this to say, “Years of preparation and focus have positioned us as the Internet’s preeminent neighborhood pet store and a leading pure-play e-commerce company in the pet space. We look forward to a future marked by ongoing innovation and to winning customers’ hearts and minds as we grow to become the most trusted and convenient online destination for pet parents (and partners) everywhere.” Given all of this, will you consider buying CHWY stock?

The post Good Stocks To Invest In Right Now? 4 Consumer Discretionary Stocks To Know appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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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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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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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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