Discretionary stocks have been batter, says Lucas Downey of Mapsignals.com.
Today we look at the best Discretionary stocks to buy now for August 2022. Make sure to check out our free blog posts:
Did you know that the discretionary sector tends to outperform after major underperformance? It's true. Not only that, history shows that after two quarters of negative GDP, the discretionary group gains six months later. In this video, we dive into data and then look at the best Discretionary stocks on our radar.
We crack open the Consumer Discretionary Select SPDR ETF (XLY) for some of the best-ranked stocks. But always remember, the process is more important than the stocks. Focusing on quality is paramount when markets are facing uncertainty. These are ideas for potential long-term investment. At MAPsignals, we use data to help guide our investments. We believe that if you focus on sound companies, eventually you'll find an outlier stock.
Those are the best of the best. Lucas Downey breaks down the following three best discretionary stocks to buy now for August 2022:
2:54 Genuine Parts Company (GPC)
5:08 Ulta Beauty, Inc. (ULTA)
7:12 Domino's Pizza, Inc. (DPZ)
Disclosure: Luke holds long positions in DPZ in personal and managed accounts.
To learn more about Lucas Downey, visit Mapsignals.com.
