3 Discretionary Stocks to Buy With Rate Cuts Looming

The consumer discretionary sector has been having a pretty modest 2024. Since the start of the year, the S&P 500 Consumer Discretionary Select Sector SPDR (XLY) has slid 3.9% as of Aug 5. However, with interest rates about to be brought down by the Fed, the sector looks potentially lucrative. Usually, when the economy expands, companies engaged in such businesses do well. Yet, while inflation has been coming down and the GDP advance estimate for second-quarter 2024 has shown the economy is on the right path ...