Jobs Boom Means Big Gains: 3 Consumer Cyclical Stocks to Buy as Employment Surges

Last month, the economy added 303,000 nonfarm payrolls, potentially translating to a swing higher in consumer cyclical stocks. More dollars are chasing after fewer goods. And so long as inflation does not abate, in a price-ascending environment, it’s better to spend now than save for later.The other factor that could boost consumer cyclical stocks is that Americans have shown little desire to curb their spending. Notably, our collective credit card debt ballooned recently to $1.13 trillion, a new record hig ...