U.S. investors shop for consumer stocks in anticipation of stimulus bill

As a $2 trillion relief package makes its way through the U.S. Congress, some investors are finding bargains in consumer discretionary stocks that have been battered in the wake of the coronavirus pandemic. Provisions in the bill aimed at expanding unemployment benefits and supporting industries hit hardest by the pandemic – and thus keeping consumers’ paychecks intact – would provide a boost to the sector, said Brian Jacobsen, a multi-asset strategist at Wells Fargo Asset Management. Nancy Tengler, chief investment officer of Laffer Tengler Investments, said her firm recently bought shares in Chipotle Mexican Grill Inc and off-price retailer TJX …read more

Source:: Yahoo Finance


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