Recent news on the U.S. economy has been very encouraging. And that means it’s time to take a look at a sector that hasn’t really been tearing up the track of late: consumer stocks.
Most of this year we’ve witnessed the transition to online shopping and the havoc that’s hitting brick-and-mortar businesses that thought they were too big to fail.
We’ve also seen that consumers have been less interested in committing to big ticket items, whether it’s to pay down their accumulated debt from before the crash; pay off student loans; or are simply unsure about the economy in relation to their job security.
But that tide is turning. GDP numbers are being revised, and people actually have more to spend than they have since the crash.
With that in mind, the following are seven A-rated consumer stocks that will strengthen your portfolio. These are the cream of the crop that are great choices as the U.S. consumer gets back to spending.