Rate Cut Hopes Lift Confidence: 4 Consumer Discretionary Stocks to Buy

Zacks08-30

Americans are a lot more confident about the economy than they were till last month. Cooling inflation and the Federal Reserve’s hint at starting rate cuts have made them more confident about the ...

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Cooling inflation and the Federal Reserve’s hint at starting rate cuts have made them more confident about the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rate-cut-hopes-lift-confidence-184500821.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rate Cut Hopes Lift Confidence: 4 Consumer Discretionary Stocks to Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRate Cut Hopes Lift Confidence: 4 Consumer Discretionary Stocks to Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-30 02:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rate-cut-hopes-lift-confidence-184500821.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Americans are a lot more confident about the economy than they were till last month. Cooling inflation and the Federal Reserve’s hint at starting rate cuts have made them more confident about the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rate-cut-hopes-lift-confidence-184500821.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COOK","symbol_name":"Traeger Inc. (TGPX Holdings I LLC)","start_time":0,"source_url":"https://finance.yahoo.com/news/rate-cut-hopes-lift-confidence-184500821.html","article_id":"2463136432","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/r61XWjuSTq_FJKRnEYKxZQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/98772f9d9eab6e038b5ee57020bf0b1c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463136432","pubTimestamp":1724957100,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Americans are a lot more confident about the economy than they were till last month. Cooling inflation and the Federal Reserve’s hint at starting rate cuts have made them more confident about the economy’s health.Consumer confidence in August jumped on hopes that lower borrowing costs in the coming months will give people more spending power and boost the nation’s economy. Given this situation, it would be ideal to invest in discretionary stocks such as Cinemark Holdings, Inc. CNK, Traeger, Inc. COOK, Kontoor Brands, Inc. KTB and Royal Caribbean Cruises Ltd. RCL.ThePresent Situation Index, a gauge of consumers' assessment of current business and labor market situations, climbed to 134.4 in August from 133.1 the month earlier.Cinemark Holdings, Inc. is a leader in the motion picture exhibition industry. CNK operates 408 theatres and 4,657 screens in 38 states in the United States and internationally in 12 countries, mainly in Mexico, South and Central Am","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COOK":"Traeger Inc. 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Cooling inflation and the Federal Reserve’s hint at starting rate cuts have made them more confident about the economy’s health.\nConsumer confidence in August jumped on hopes that lower borrowing costs in the coming months will give people more spending power and boost the nation’s economy. Given this situation, it would be ideal to invest in discretionary stocks such as Cinemark Holdings, Inc. CNK, Traeger, Inc. COOK, Kontoor Brands, Inc. KTB and Royal Caribbean Cruises Ltd. RCL.\nConsumer Confidence Rebounds\nThe Conference Board reported on Tuesday that U.S. consumer confidence jumped to 103.3 for the month from an upwardly revised 101.9 in July to hit its highest level in six months. This was also sharply higher than the consensus estimate of a reading of 100.3.\nThe Present Situation Index, a gauge of consumers' assessment of current business and labor market situations, climbed to 134.4 in August from 133.1 the month earlier. \nThe Expectations Index, a gauge of the consumers' short-term outlook for income, business, and labor market conditions, rose to 82.5 from 81.1 in July, hitting its highest level since August 2023. This was the second consecutive month that the reading came above 80. Any reading below 80 indicates impending recession.\nSlowing Inflation, Political Factors Boost Confidence\nFears gripped Wall Street earlier this month leading to a massive selloff on fears that the economy could slip into a recession. However, fresh economic data, released over the past three weeks showed that the economy is still holding strong, which has alleviated the fears.\nAugust’s jump was also driven by some major political moves in the country. President Joe Biden’s decision to drop out of the 2024 presidential race and nomination of Vice President Kamala Harris to run for the White House also likely influenced the rise in consumer confidence.\nInflation has been cooling over the past few months. This has finally seen the Federal Reserve hinting at rate cuts. Last week, Federal Reserve Chairman Jerome Powell signaled that rate cuts are on the horizon.\nMarkets are now pricing in a 25-basis-point rate cut in September, with many even confident about a 50-basis-point cut in interest rates. Lower borrowing rates typically benefit growth stocks like tech and consumer discretionary.\n4 Consumer Discretionary Stocks With Price Upside\nWe have thus chosen four discretionary that are likely to benefit in the near term. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of the stocks has a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nCinemark Holdings, Inc.\nCinemark Holdings, Inc. is a leader in the motion picture exhibition industry. CNK operates 408 theatres and 4,657 screens in 38 states in the United States and internationally in 12 countries, mainly in Mexico, South and Central America.\nCinemark Holdings’ expected earnings growth rate for the current year is 0.8%. The Zacks Consensus Estimate for current-year earnings has improved 26.2% over the past 60 days. CNK currently carries a Zacks Rank #2.\nImage Source: Zacks Investment Research\nTraeger, Inc.\nTraeger, Inc. provides wood pellet grills. COOK’s pellet grills utilize wood-fired convection power, owners can grill, smoke, bake, roast, braise and barbecue meals on one cooking system.\nTraeger’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 100% over the past 60 days. COOK currently carries a Zacks Rank #2.\nImage Source: Zacks Investment Research\nKontoor Brands, Inc. \nKontoor Brands, Inc. is an apparel company. KTB designs, manufactures and distributes products. KTB’sbrand consists of Wrangler, Lee and Rock & Republic. Kontoor Brands Inc. is based in Greensboro.\nKontoor Brands’ expected earnings growth rate for the current year is 12.7%. The Zacks Consensus Estimate for current-year earnings has improved 1.5% over the past 60 days. KTB currently carries a Zacks Rank #2.\nImage Source: Zacks Investment Research\nRoyal Caribbean Cruises Ltd. \nRoyal Caribbean Cruises Ltd. owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, RCL has a 50% investment in a joint venture with TUI AG, which operates the brand TUI Cruises. Royal Caribbean Cruises’ cruise brands primarily serve the contemporary, premium and deluxe segments of the cruise vacation industry, which also includes the budget and luxury segments.\nRoyal Caribbean Cruises’ expected earnings growth rate for the current year is 69.9%. The Zacks Consensus Estimate for current-year earnings has improved 3.6% over the past 60 days. RCL currently has a Zacks Rank #1.\nImage Source: Zacks Investment Research\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRoyal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report\nCinemark Holdings Inc (CNK) : Free Stock Analysis Report\nKontoor Brands, Inc. (KTB) : Free Stock Analysis Report\nTraeger, Inc. (COOK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463136432"}