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Investors’ interest in growth stocks is evidenced by the SPDR Portfolio S&P 500 Growth ETF’s (SPYG) 11.8% gains over the past three months versus the SPDR S&P 500 Trust ETF’s (SPY) 5.8% gains over the same period. As substantial stimulus payments, a reopening of the economy, and pent-up demand continue to drive discretionary spending, we think consumer stocks should witness a solid rally in the coming months.
In addition, the Federal Reserve’s efforts to keep interest rates anchored near zero should bode well for growth-focused stocks. Amid this environment, we think that if one has $2,500 in disposable cash, one should consider investing in consumer stocks, The TJX Companies, Inc. (TJX), LKQ Corporation (LKQ), and Tempur Sealy International, Inc. (TPX) because they possess sufficient growth attributes to continue advancing.
