Consumer Sentiment Jumps in August: BAFM, DDI, RCL, TILE, CNK to Gain

Economic Overview - Recent positive economic data has alleviated recession fears, with consumer sentiment rebounding sharply in August, rising to 67.8 from 66.4 in July, surpassing the consensus estimate of 66.9 [1][3]. - Inflation expectations remain stable, with a one-year outlook at 2.9% and a five-year outlook at 3% for the fifth consecutive month [2]. Consumer Discretionary Stocks - Five consumer discretionary stocks are highlighted for their strong potential in 2024: Bright Horizons Family Solutions Inc. (BFAM), DoubleDown Interactive Co., Ltd. (DDI), Royal Caribbean Cruises Ltd. (RCL), Interface, Inc. (TILE), and Cinemark Holdings, Inc. (CNK) [2]. - These stocks have seen positive earnings estimate revisions in the last 60 days, with each carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [6]. Company-Specific Insights - Bright Horizons Family Solutions Inc. (BFAM): Expected earnings growth rate for the current year is 18.7%, with a Zacks Consensus Estimate improvement of 7% over the past 60 days [8]. - DoubleDown Interactive Co., Ltd. (DDI): Expected earnings growth rate for the current year is 15.8%, with a Zacks Consensus Estimate improvement of 13.5% over the past 60 days [10]. - Royal Caribbean Cruises Ltd. (RCL): Expected earnings growth rate for the current year is 69.9%, with a Zacks Consensus Estimate improvement of 3.7% over the past 60 days [12]. - Interface, Inc. (TILE): Expected earnings growth rate for the current year is 28%, with a Zacks Consensus Estimate improvement of 8.5% over the past 60 days [14]. - Cinemark Holdings, Inc. (CNK): Expected earnings growth rate for the current year is 0.8%, with a Zacks Consensus Estimate improvement of 22.7% over the past 60 days [16].