Published on 25 Apr 2024 on Insider Monkey via Yahoo Finance
10 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts
In this article, we discuss 10 best consumer discretionary dividend stocks to buy according to analysts. You can skip our detailed analysis of the consumer discretionary sector and its performance in the past, and go directly to read 5 Best Consumer Discretionary Dividend Stocks To Buy According to Analysts.
Consumer discretionary stocks are highly influenced by market conditions and consumer sentiment. These equities perform exceptionally well during periods of a bullish economy and when consumer spending is high. The S&P 500 Consumer Discretionary had one of the best years on record in 2023, returning over 41%. The index is down by 1.89% this year so far due to wavering consumer confidence. Shopping habits among people have reverted back to normal after the pandemic, which has led to a notable rise in online sales. Wall Street analysts have expressed their confidence in continued consumer spending. According to data from Bloomberg Intelligence, analysts anticipate that revenue and earnings for consumer discretionary companies in the S&P 500 will exceed overall market growth for the second consecutive year in 2024.