Group 1 - Goldman Sachs analyst Bonnie Herzog recommends investors to buy stocks in nicotine, energy drinks, candy, and beauty sectors as consumer fundamentals improve significantly heading into 2026 [1] - Herzog notes that after a poor performance of essential consumer goods in 2025, the market logic is shifting, with a more constructive consumer environment expected in 2026 driven by real income growth, job growth, tax cuts, and easing inflation from tariffs [1][3] - Despite potential pressures on essential consumer goods in the coming year, Herzog encourages investors to focus on attractive stocks with growth potential, particularly in energy drinks, nicotine, candy, and beauty products [1] Group 2 - The beer industry is highlighted as a key area of focus, with predictions that 2026 will be the "year of beer stocks" due to diminishing headwinds and several favorable factors [4] - Key events such as the FIFA World Cup, the Olympic Games, and the 250th anniversary of the United States are expected to significantly boost beer consumption and sales [4][2] - October's strong core retail sales indicate that consumer conditions remain robust, despite ongoing concerns about a "K-shaped" economic recovery [2]