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Supply-chain issues continue to impact the consumer sector in terms of the production and delivery of goods. Rising inflation is also a concern, but improving labor market prospects have been easing those worries. In addition, consumer spending increased 0.6% in September, and The Conference Board Consumer Confidence Index rose to 113.8 in October from 109.8 in September.
So, if one has $5,000 lying about, we think one should consider betting on fundamentally sound consumer stocks Unilever PLC (UL), Ennis, Inc. (EBF), and Natural Grocers by Vitamin Cottage, Inc. (NGVC). They are each expected to generate significant returns this year and beyond.
