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Good Stocks To Invest In Right Now? 3 Consumer Discretionary Stocks To Watch

Here are three consumer discretionary stocks to watch in the stock market today.

good stocks to invest in right now

Are These The Best Consumer Discretionary Stocks To Invest In For 2022?

Consumer discretionary stocks are those that represent companies that produce goods and services that are not considered essential. This includes items like automobiles, apparel, entertainment, and leisure products. While the pandemic has led to a slowdown in spending on discretionary items, many experts believe that there is pent-up demand for these products and services. As a result, consumer discretionary stocks could be poised for a rebound in the coming months.

In particular, analysts believe that the sectors of travel and leisure will be among the most likely to recover. This is evident with consumer discretionary names like Marriott International Inc. (NASDAQ: MAR) and United Airlines Holdings, Inc. (NASDAQ: UAL). Both companies have seen their share price rebound by 4.04% and 15.61% in the last 6 months of trading action. As vaccines become more widely available and travel restrictions are lifted, consumers will likely flock to businesses in these sectors. For investors looking to capitalize on this trend, now may be an opportune time to consider investing in consumer discretionary stocks. With this in mind, here are three top consumer discretionary stocks to check out in the stock market today.

Consumer Discretionary Stocks To Watch Right Now

Nike (NKE Stock)

First up, Nike Inc. (NKE) is an American multinational corporation. In brief, the company engages in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. For a sense of scale, Nike is the world’s largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment. In August, the company announced its Board Of Directors has declared a quarterly cash dividend of $0.305 per share. Currently, Nike has an annual dividend yield of 1.16%.

Continuing on, just last month the company announced it will release its Q1 2023 earnings on Thursday, September 29, 2022, after the market close. In the meantime, let’s look back at the company’s most recent financial results in June. In detail, Nike reported its fourth quarter and full-year 2022 results. Diving in, for the fourth quarter of 2022 Nike posted earnings of $0.90 per share, on revenue of $12.2 billion. Moreover, the company reported it expects Q1 2023 revenue of approximately $12.23 billion. This is in comparison with Wall Street’s consensus estimates of $12.88 billion in revenue for the first quarter of 2023.

With that, shares of Nike stock are still down over 36% so far in 2022. Furthermore, as of Tuesday morning’s trading session, NKE stock is currently trading at $104.62 per share. Considering all of this, is Nike stock a good buy right now?

Source: TD Ameritrade TOS

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Starbucks (SBUX Stock)

Next, Starbucks Corporation (SBUX) is an American coffee company and coffeehouse chain. Today, the company has more than 34,000 stores worldwide and is the premier roaster and retailer of specialty coffee globally. In the last month, the company has been in the headlines. Specifically, at the beginning of this month, Starbucks named Laxman Narasimhan as the company’s next Chief Executive Officer. Narasimhan will replace long-time CEO Howard Schultz starting October 1st, 2022.

Separate from that, in August Starbucks also recently reported better-than-expected third-quarter fiscal 2022 financial results. In the report, the company posted earnings per share of $0.84, with revenue of $8.2 billion. Compared with, analysts’ consensus estimates for the quarter of $0.77 earnings per share, and revenue estimates of $8.1 billion. Moreover, Starbucks notched in an 8.7% increase in revenue during the same period, a year prior.

Additionally, Starbucks CFO Rachel Ruggeri commented in their letter to shareholders, “We delivered record-breaking revenue performance during the quarter from continued strength in customer demand globally, balanced with our ability to execute investments despite macroeconomic and operational headwinds. Our commitment to deliver shareholder value has not wavered, and we are making the right decisions and investments today for the future of Starbucks.” Currently, SBUX stock has an annual dividend yield of 2.40%. Meanwhile, year-to-date shares of Starbucks stock are down over 29%, and they currently trade at $81.94 as of Tuesday morning. With this in mind, is now a good time to buy Starbucks stock at these price levels?

Source: TD Ameritrade TOS

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Netflix (NFLX Stock)

Lastly, Netflix Inc. (NFLX) is an American media-services provider and production company. For starters, Netflix is a streaming service that offers a wide variety of award-winning TV shows, movies, anime, documentaries, and more on thousands of internet-connected devices. You can watch as much as you want, whenever you want without a single commercial and all for one monthly price. For a sense of scale, Netflix currently has over 200 million paid subscriptions across 190 countries globally.

Back in July, the company announced a beat for its second quarter 2022 financial results. Diving in, Netflix reported earnings of $3.20 per share, along with revenue of $7.97 billion in the second quarter. For context, wall street analysts’ consensus estimates for the quarter were earnings of $2.95 per share and revenue of $8.03 billion. What’s more, these figures signify an 8% jump in earnings during the same period, in 2021. Additionally, sales also increased by 9% for Q2 2022. Though, the company did report a loss of 970,000 subscribers for the quarter. These numbers actually came in under estimates of a loss of 2 million subsribers for the second quarter. Netflix reported that this is because of increased competition in the marketplace, and price increases.

Year-to-date shares of NFLX have been beaten down by over 63% after opening Tuesday’s trading session at $215.69 per share. All in all, do you think NFLX stock is a good investment for your long-term portfolio at its current market valuation?

Source: TD Ameritrade TOS

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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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