Home Improvement, Travel, and Consumer Stocks Poised to Benefit as Economic Confidence Fuels New Bull Market
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Home Depot is poised to benefit as homebuilding picks up and consumers feel more economically confident to take on home improvement projects.
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Cruise company Carnival continues to see strong demand growth, with record revenue and future bookings. They just need more ships to meet demand.
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Travel demand remains strong overall, with air travel and hotels still seeing growth in occupancy and revenue.
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Nike has faced challenges recently but its powerful brand name and new innovation initiatives could drive growth in the back half of 2023.
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Multiple signals, like homebuilder confidence and consumer confidence levels, suggest the new bull market is gaining steam. Stocks tied to economic strength could benefit.