The market value of consumer equities has decreased by nearly $1.8 trillion so far in 2022. This is due to the fact that rising prices and excess inventory are hurting business profits. In the first half of 2022, the S&P 500 Consumer Discretionary Index fell 33%. The first half of the year for US stocks was the worst in more than 50 years. Recently, many well-known industry leaders lowered their expected profits for the remainder of the year. Since the end of 2021, the stock market selloff has reduced market value by about $9 trillion, according to statistics from Bloomberg.
Insider Monkey selected the 10 best buy-the-dip consumer stocks to consider. BGS is a brand-named foods business situated in New Jersey. The business operates in the United States, Canada, and Puerto Rico, selling frozen and non-perishable food items. As of July 1, BGS shares has lost around 22.76 percent so far this year. British-American frozen food manufacturer Nomad Foods Limited has operations in the UK, Italy, Germany, France, and Sweden. The company’s Q1 earnings were “difficult,” principally as a result of escalating consumer pressure in Europe and sluggish organic growth. The worldwide beauty company Coty Inc. sells cosmetics, skincare, perfumes, and hair care items. Bourjois, Clairol, CoverGirl, Kylie Cosmetics, Max Factor, OPI, Rimmel, Sally Hansen, and Wella are just a few of the brands owned by the firm. The leisure travel corporation Carnival Corporation & Plc is established in Florida. As of July 1, the stock has lost nearly 59 percent of its value so far this year. The business reported impressive returns in June, and booking trends for 2023 are looking good. Digital markets are run by Etsy, Inc., a New York-based firm. The stock has decreased by nearly 62 percent year to date as of July 1. One of the largest shareholders is Goodnow Investment Group, which has 753,482 shares worth $93.6 million. For more details, click 10 Best Buy-The-Dip Consumer Stocks to Consider.
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