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Why Tapestry and Other Consumer Discretionary Stocks Aren’t Good Bets

Por: MarketWatch Business January 16, 2023

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They are now trading at far higher multiples of expected earnings for the coming year, reflecting a relatively optimistic outcome for profits. Companies must beat earnings expectations by a particularly wide margin to move their share prices higher from here.  Nowhere is that dynamic more apparent than in the consumer discretionary sector. The S&P 500 consumer discretionary sector, excluding internet retail names, has seen aggregate fourth... + full article



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