The consumer is back with multi-year-high confidence and strong spending numbers, and these 3 stocks to buy are on the top of charts More
Consumer stocks are often staples of industry. Huge corporations like Proctor & Gamble (NYSE:PG) and Coca-Cola (NYSE:KO) have long been providing their customers with a variety of everyday products that provide steady growth for the company. However, consumer stocks can also be cyclical or dependent on trends as a means of growth. Examples of these stocks are Crocs (NYSE:CROX) and American Eagle (NYSE:AEO).
Due to all the variables associated with consumer stocks, it is important to consider your needs as an investor and how each stock fits within those needs. Many consumer stocks like Proctor & Gamble are safe investments with consistent dividends and steady growth. Some consumer stocks are more volatile and have higher potential such as Chipotle (NYSE:CMG), which has risen from just above $400 to just under $700 in the past year.
A rebound in consumer confidence in November suggests more spending ahead. These 5 consumer staples stocks are worth consideration today More
DPS has been moving solidly higher for the past four months, and it has doubled in the last three years. The company has also had earnings surprises for the past three quarters, and it's currently on track to post 11.4% earnings growth this quarter. More