Consumer discretionary goods are those that people desire but do not necessarily need and can forgo if their financial situation requires it. The demand for these goods is more sensitive to economic conditions than consumer staples, which are essential products that people need regardless of financial circumstances.
However, we think there are opportunities to be found in this sector as the economy rebounds. Hence, investors could consider buying fundamentally sound consumer discretionary stocks, such as The Home Depot, Inc. (HD), Sony Group Corporation (SONY), and NVR, Inc. (NVR).
