4 Consumer Discretionary Stocks to Buy as Rate Cuts Commence
Royal Caribbean Cruises .(RCL) ZACKS·2024-09-19 21:21
The consumer discretionary sector has been having a slow 2024. Since the start of the year, the S&P 500 Consumer Discretionary Select Sector SPDR (XLY) has advanced 8.3% as of Sept. 18. However, with interest rates about to be brought down by the Fed, the sector looks potentially lucrative. Usually, when the economy expands, discretionaries do well. Yet, while inflation has been coming down and the GDP advance estimate for second-quarter 2024 has shown that the economy is on the right path, recent reports f ...