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Jefferies picks favorite consumer names

Jan. 08, 2020 2:14 PM ETXLP, XLY, RTH, VCR, VDC, SBUX, LOW, PMR, ENR, GES, CASY, XRT, HAS, ERI, RSPD, RSPS, FXD, FXG, RETL, CPRI, FDIS, FSTA, JHMC, JHMS, ISHP, EMTY, WANT, PASSBy: Clark Schultz, SA News Editor12 Comments
  • Jefferise thinks consumer discretionary stocks will outperform staples this year off a favorable macroeconomic backdrop and increase in the gap between Treasury yields and dividend yields.
  • The firm notes that discretionary stocks are also trading at about 19X forward earnings, which is a discount to the broader market and below the 21.3X multiple for staples stocks.
  • Analyst Andy Barish and team name Starbucks (NASDAQ:SBUX), Energizer (NYSE:ENR), Eldorado Resorts (NASDAQ:ERI), Capri (NYSE:CPRI), Casey’s General Stores (NASDAQ:CASY), Lowe’s (NYSE:LOW), Guess (NYSE:GES) and Hasbro (NASDAQ:HAS) as the top overall consumer picks for 2020.
  • ETFs: XLP, XLY, VDC, XRT, VCR, FSTA, FDIS, RHS, RTH, RETL, EMTY, FXG, FXD, WANT, RCD, PMR, PASS, JHMC, JHMS, FTXD

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