5 Best Consumer Discretionary Stocks to Buy

In this article, we discuss 5 of the best consumer discretionary stocks to buy. If you want to see more of the best consumer discretionary stocks to buy, the risk/reward and methodology of this list, go directly to 12 Best Consumer Discretionary Stocks to Buy.

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 71

Although it makes consumer staples such as laundry detergent, many of The Procter & Gamble Company (NYSE:PG)’s products are premium priced given the company’s position in the market. Given the higher inflation and economic uncertainty in the world, some consumers are buying less of The Procter & Gamble Company (NYSE:PG)’s products. As a result of the macro headwinds, The Procter & Gamble Company (NYSE:PG) sees FY23 EPS towards the low end of the previous guidance range. In the long term, however, The Procter & Gamble Company (NYSE:PG) has high quality earnings power that still make it attractive.