4 Discretionary Stocks to Buy as Consumer Confidence Hits 16-Month High

Zacks2024-12-04

The Wall Street post-election rally is far from over. All three major indexes have hit multiple all-time closing highs over the past month as expectations surrounding lower taxes and fewer regulations...

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All three major indexes have hit multiple all-time closing highs over the past month as expectations surrounding lower taxes and fewer regulations...</p>\n\n<a href=\"https://finance.yahoo.com/news/4-discretionary-stocks-buy-consumer-150400352.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>4 Discretionary Stocks to Buy as Consumer Confidence Hits 16-Month High</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\">\n4 Discretionary Stocks to Buy as Consumer Confidence Hits 16-Month High\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-04 23:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/4-discretionary-stocks-buy-consumer-150400352.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Wall Street post-election rally is far from over. All three major indexes have hit multiple all-time closing highs over the past month as expectations surrounding lower taxes and fewer regulations...</p>\n\n<a href=\"https://finance.yahoo.com/news/4-discretionary-stocks-buy-consumer-150400352.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":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://finance.yahoo.com/news/4-discretionary-stocks-buy-consumer-150400352.html","article_id":"2489116706","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1H0HHli.2YxQsOSw0PKnXQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0751fc19491c430a6d82096911621d2e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489116706","pubTimestamp":1733324640,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Wall Street post-election rally is far from over. All three major indexes have hit multiple all-time closing highs over the past month as expectations surrounding lower taxes and fewer regulations continue to soar under President-elect Donald Trump’s administration.This has seen consumer confidence soar to a 16-month high in November as Americans believe the economy will prosper in the near term without inflation rising further. Given the positive outlook, it would be ideal to invest in discretionary stocks such as Cinemark Holdings, Inc. CNK, The Walt Disney Company DIS, Mattel, Inc. MAT and Fox CorporationFOX.Each of these stocks has seen positive earnings estimate revision in the past 60 days and carries a Zacks Rank #1  and 2 . You can seethe complete list of today’s Zacks #1 Rank stocks here.Cinemark Holdings’ expected earnings growth rate for the current year is 49.3%. The Zacks Consensus Estimate for current-year earnings has improved 41.8% over the past 60 days.CNK currentl","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4125":"广播","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","BK4598":"佩洛西持仓","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","FOX":"福克斯-B","BK4190":"消闲用品","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","FOXA":"福克斯-A","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","CNK":"喜满客影城","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4585":"ETF&股票定投概念","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4534":"瑞士信贷持仓","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","DIS":"迪士尼","MAT":"美国美泰公司","BK4524":"宅经济概念","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4581":"高盛持仓"},"translate_title":"随着消费者信心创16个月新高，值得买入的4只非必需股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOX":1,"MAT":1,"CNK":1,"FOXA":0.9,"DIS":0.9},"content_text":"The Wall Street post-election rally is far from over. All three major indexes have hit multiple all-time closing highs over the past month as expectations surrounding lower taxes and fewer regulations continue to soar under President-elect Donald Trump’s administration.\nThis has seen consumer confidence soar to a 16-month high in November as Americans believe the economy will prosper in the near term without inflation rising further. Given the positive outlook, it would be ideal to invest in discretionary stocks such as Cinemark Holdings, Inc. CNK, The Walt Disney Company DIS, Mattel, Inc. MAT and Fox Corporation FOX.\nEach of these stocks has seen positive earnings estimate revision in the past 60 days and carries a Zacks Rank #1 (Strong Buy) and 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nTrump’s Win Boosts Consumer Confidence\nThe Conference Board reported last week that the consumer confidence index climbed to 111.7 in November, up from a revised 109.6 in October, and surpassed the consensus estimate of a rise to 111.3. This marks the highest level since July 2023.\nThe Expectations Index, which reflects consumers' short-term views on income, business and job prospects, grew by 0.4% to 92.3 in November, staying well above the 80 threshold that signals a potential recession. Also, the Present Situation Index, which measures consumers’ perceptions of current business and labor market conditions, climbed 4.8 points to 140.9.\nThe post-election euphoria is primarily driving the jump in consumer confidence in November. The markets have also been rallying over the past month, with Trump’s victory fueling hopes for a strong economy. Investors are anticipating significant changes under his administration, including major tax cuts and reduced regulations.\nMoreover, the minutes from the Federal Reserve's latest policy meeting showed that the central bank intends to implement additional rate cuts, though at a gradual pace, which will provide further support to the broader market. According to the CME FedWatch tool, there is a 73.8% chance of a 25-basis point rate cut in December.\n4 Discretionary Stocks With Upside\nInvesting in discretionary stocks thus appears to be an ideal choice at this time. Personal income and consumer spending too have been steadily rising, which means consumers have more purchasing power and are spending aggressively. Also, the holiday season has started on a promising note and discretionary stocks are expected to gain from this trend.\nCinemark Holdings\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 49.3%. The Zacks Consensus Estimate for current-year earnings has improved 41.8% over the past 60 days. CNK currently carries a Zacks Rank #2.\nImage Source: Zacks Investment Research\nThe Walt Disney Company\nThe Walt Disney Company has assets that span movies, television shows and theme parks. Revenues were $91.4 billion in fiscal 2024. DIS’ fourth-quarter fiscal 2024 results reflect growth in Disney+ subscribers and Media and Entertainment Distribution businesses. Domestic theme park and resort businesses gained due to guest spending growth attributable to increases in per capita guest spending at theme parks and cruise lines.\nThe Walt Disney Company’s expected earnings growth rate for the current year is 8.3%. The Zacks Consensus Estimate for current-year earnings improved 4.9% over the last 60 days. DIS presently has a Zacks Rank #2.\nImage Source: Zacks Investment Research\nMattel, Inc.\nMattel, Inc. is the world’s largest manufacturer of toys. MAT’s products are sold directly to retailers and wholesalers in most European, Latin American and Asian countries as well as in Australia, Canada and New Zealand through the Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands, and Construction and Arts & Crafts Brands.\nMattel’s expected earnings growth rate for the current year is 18.7%. The Zacks Consensus Estimate for the current-year earnings has improved 2.1% over the past 60 days. MAT presently has a Zacks Rank #2.\nImage Source: Zacks Investment Research\nFox Corporation \nFox Corporation produces and distributes news, sports and entertainment content. FOX’s brand includes FOX News, FOX Sports, the FOX Network, the FOX Television Stations and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network.\nFox Corporation’s expected earnings growth rate for the current year is 7.6%. The Zacks Consensus Estimate for the current-year earnings has improved 2.8% over the past 60 days. FOX presently carries a Zacks Rank #2.\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\nMattel, Inc. (MAT) : Free Stock Analysis Report\nThe Walt Disney Company (DIS) : Free Stock Analysis Report\nCinemark Holdings Inc (CNK) : Free Stock Analysis Report\nFox Corporation (FOX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.4","shortVersion":"4.29.4","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/2489116706"}