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Benzinga
Benzinga
Business
Robert Kuczmarski

It May Be Time To Take A Bite Of Food Stocks As Recession Fears Still Loom

Inflation Nasdaq NYSE Wingstop

In October, buying conditions for durables climbed to 23% as prices and supply constraints eased. Consumer durables typically last more than three years, and the easing price conditions can help prop up firms such as YETI Holdings Inc (NYSE:YETI) and Apple Inc (NASDAQ:AAPL) as the holiday season approaches.

Investors should still be wary about 2023 as year-ahead expected business conditions worsened by 19%, according to University of Michigan Surveys of Consumers Director Joanne Hsu.

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