3 Consumer Discretionary Stocks to Buy on Cooling Inflation
RCLRoyal Caribbean Cruises .(RCL) ZACKS·2024-06-03 21:46

The consumer discretionary sector has not been having a great 2024. Since the start of the year, the S&P 500 Consumer Discretionary Select Sector SPDR (XLY) has slid 1.4% till last Friday. However, with inflation numbers starting to cool off, the sector wrested its slide somewhat in May, rising 0.2%. Usually, when the economy expands, companies engaged in such businesses do well. The opposite happens when an economy shows signs of slowing down. However, inflation historically has the most far-reaching impac ...