With Black Friday ahead, investors look to U.S. consumer stocks

Published by
Reuters

By David Randall NEW YORK (Reuters) – As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer Target Corp, have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to date compared with a nearly 17% fall for the broader index. Yet recent data has shown signs that inflation …

Read More