Top 5 Consumer Discretionary Stocks to Buy in 2021

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1. International Game Technology (NYSE:IGT)

Topping the list of top consumer discretionary stocks to buy now is the aforementioned International Game Technology (NYSE:IGT). Intrinsic Edge owns 1.87 million IGT shares as of September 30, buying another 1.07 million shares during Q3. IGT shares have gained 25% over the last year and yield 4.49% annually.

The maker of slot machines, lottery games, and sports betting and casino management systems generates strong free cash flow when it isn’t being battered by pandemic headwinds, much of which is then returned to shareholders via dividends. In its Q3 investor letter, Mittleman Brothers projected IGT shares to hit $29, implying 9x EBITDA and 15x free cash flow of $400M.

For more great investment ideas in a highly competitive space, don’t miss the 12 Best Social Media Stocks To Buy Now and 10 Best Consumer Finance Stocks To Buy Now.

Disclosure: None.

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