Despite the high inflation, consumer spending shot up 1.8% last month, the largest increase since March 2021. As consumers remain resilient, Unilever PLC (UL), Ennis, Inc. (EBF), and Mannatech, Incorporated (MTEX) could be worth adding to your portfolios. Also, these stocks pay regular dividends.
However, recessionary fears persist and might weigh on weak consumer stock Peloton Interactive, Inc. (PTON). Thus, it could be best sold short.
