Top 5 Consumer Discretionary Stocks to Buy in 2021


In this article we are going to learn about the top 5 consumer discretionary stocks to buy in 2021, based on Insider Monkey’s latest article. The consumer discretionary sector generally has to cope with difficulties under economic stress, as consumers tend to decrease their discretionary spending. Nevertheless, the special circumstances of 2020 made a unique impact on this industry. Consumers, who had to undergo self-isolation, traveling restrictions, and many other, spent money on things, such as home-development, rebuilding, recreational vehicles, just to name a few.

This brought a great development for the consumer discretionary stocks, meaning 27% of growth. However, this wasn’t true for the whole sector, as footwear and clothing companies suffered large losses during the pandemic. In order to give an exclcusive report, Insider Monkey investigated Mark Coe’s Intrinstic Edge Capital, a Chicago-headquartered investment advisor, that manages around $954 million in assets.

And now, let’s see Insider Monkey’s selection. We have brought three stocks from their list, just as a brief foretaste. Leggett & Platt, Inc. stands on the fifth spot. The company operates in bedding and flooring, and during the second quarter of 2020 Intrinsic Edge increased its stake in the company, buying another 246,144 LEG shares. Its shares has decreased by 9% in the last year, but since the end of the first quarter of 2020, it has increased by 60%. Up on the list, 1-800-FLOWERS.COM, Inc. is on the fourth spot. Intrinsic Edge bought 468,316 shares in 1-800-FLOWERS.COM, Inc. in the third quarter of 2020. Actually, it was around 50% surge in hedge fund ownership. The company had great results in the first half of the year, its revenue saw a growth of 45% year-over-year, due to surge in online sales. The Cheesecake Factory Incorporated can be seen on the second spot of the list. During the third quarter of 2020, Intrinsic Edge bought 691,000 shares meaning a value of $19.17 million on September 30. In November, the restaurant operator company had a growth of 50%. During the pandemic the company had to cope with severe decrease, but after reopening it announced regaining. For further information, please click and jump to the list of the top consumer discretionary stocks to buy in 2021.