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Good Stocks To Buy Right Now? 2 Consumer Discretionary Stocks In Focus

Consumer discretionary stocks to watch in the stock market this week.

good stocks to buy right now consumer discretionary stocks

The consumer discretionary sector includes companies that sell goods and services considered non-essential by consumers. Such as retailers, automotive companies, leisure facilities, and consumer durables. This sector’s performance is closely linked to the economic cycle. Meaning it flourishes during times of economic expansion when consumer confidence and disposable income rise. Thus, stocks in this sector can provide significant growth opportunities during periods of economic strength.

However, investing in consumer discretionary stocks carries its challenges. These stocks are often more volatile than those in stable sectors like consumer staples. This comes as their performance is directly influenced by changes in consumer spending habits. In times of economic downturns or uncertainty, consumers may reduce their discretionary spending, negatively affecting the revenues and profits of companies within this sector.

For investors, consumer discretionary stocks present an opportunity to leverage economic growth and consumer trends. Risk can be mitigated by diversifying within the sector. Investors should keep an eye on economic indicators, consumer confidence levels, and the fundamentals of individual companies when considering these investments. Bearing this in mind, let’s look at two consumer discretionary stocks to check out in the stock market today.

Consumer Discretionary Stocks To Watch Now

Starbucks (SBUX Stock)

Leading off, Starbucks Corporation (SBUX) is a premier roaster, marketer, and retailer of specialty coffee worldwide, owning and operating thousands of retail locations across the globe. Starbucks has grown to become synonymous with coffee culture, offering a wide range of premium coffees, teas, and other beverages, along with food items.

At the end of January, Starbucks announced its Q1 2024 financial results. Getting into it, the company reported earnings of $0.90 per share, along with revenue of $9.43 billion for the quarter. This is versus Wall Street’s estimates which were an EPS of $0.92 per share, with revenue of $9.65 billion. Though, revenue did increase by 8.16% on a year-over-year basis.

Since the start of 2024, shares of Starbucks Corporation stock are down by 1.11% YTD. Meanwhile, during Monday morning’s trading session, SBUX stock opened slightly lower by 0.64%, trading at $92.56 a share.

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Walt Disney (DIS Stock)

Second, The Walt Disney Company (DIS) is a diversified multinational entertainment and media conglomerate. Disney is renowned for its film studios, including Walt Disney Pictures, Pixar, Marvel Studios, and Lucasfilm, theme parks and resorts, and television networks such as ESPN and ABC. Beyond entertainment, the company has expanded into digital media, consumer products, and interactive platforms.

Last month, Walt Disney also reported its first quarter 2024 financial results. In detail, the entertainment giant posted a beat notching in Q1 2024 earnings of $1.22 per share on revenue of $23.55 billion. This came in higher than analysts’ estimates which were an EPS estimate of $0.97, and revenue estimates of $23.47 billion.

In 2024 year-to-date, shares of Disney stock have surged by 24.88%. While, on Monday morning, DIS stock opened green up 1.09% so far, trading at $113.17 a share.

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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