3 Cheap Consumer Stocks to Buy Now: May 2024

The retail sector can be broadly divided into consumer staples and discretionary. As the name suggests, staples typically imply essential products used by consumers. On the other hand, discretionary implies luxury or non-essential products. Both these segments are a key GDP growth driver for the U.S. economy.In general, high interest rates have negatively impacted consumer spending. However, with the prospects of multiple rate cuts in the next 12 to 18 months, it’s a good time to consider cheap consumer sto ...