3 Consumer Discretionary Stocks to Buy as Retail Sales Rebound in 2024

Retail sales climbed a very impressive seasonally adjusted 0.8% in December when compared to November. And retail sales jumped 5.6% in December year-over-year (YOY), coming in significantly above inflation which is running below 4%. Additionally, the University of Michigan’s index of consumer sentiment rose 21% YOY this month to 78.8. Moreover, the index’s gain in the last two months was the greatest advance over such a period in more than 30 years. So consumers’ confidence is clearly rapidly increasing, ca ...