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MOV - Ride (And Wear) These Consumer Discretionary Stocks To Profits
Movado Group Inc.
The Consumer Discretionary sector has been a market leader all year. The sector has returned 8% since the first of June and nearly 29% since the December 2018 lows where the broad market S&P 500 has only risen 6.6% and 23.8% during the same periods. This strength is due to the earnings growth outlook despite the unknown future impact of trade wars and tariffs. In an earnings-driven market, it makes sense to follow the sectors expected to grow their earnings.
To put the Consumer Discretionary sector's strength in perspective, the Consumer Staples sector has been