It's nice to think about, isn't it? A bull run in 2023 would be welcomed by investors, especially after the rough 2022 experienced by the stock market. While there's no way to know how 2023 will turn out, it's interesting to consider what companies would benefit most from an up year in the markets.
It's true that a 2023 bull run would likely be a rising tide that would lift most stocks. That said, companies in the consumer space could stand to see outsized gains if shoppers feel confident and increase spending. In that scenario, Etsy (NASDAQ: ETSY) could end up being a big winner. Let's dig in and see why.
Etsy operates a two-sided marketplace that carved out a niche in the online retail space. It is a platform where shoppers can come to find unique, handcrafted gifts. Likewise, for those creating the gifts, Etsy provides everything necessary for running a successful business. In fact, a survey of Etsy buyers found that 87% of buyers said Etsy sells items that can't be found anywhere else.
For further details see:
1 Stock to Own for a Bull Market in 2023