3 Stocks to Buy as Consumer Spending Continues to Surge

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Due to the success nations’ ongoing vaccination drive, many consumer companies are improving their services and launching new products to capitalize on an expected increase in demand this summer. Overall, consumer stocks are benefitting from the gradual reopening of the economy and rising consumer spending. This is evident in Vanguard Consumer Discretionary ETF’s (VCR) 22.3% returns versus SPDR S&P 500 Trust ETF’s (SPY) 19% gains over the past nine months.

Given this backdrop, we think the stocks of McDonald’s Corporation (NYSE:MCD), Best Buy Co., Inc. (NYSE:BBY) and American Eagle Outfitters , Inc. (NYSE:AEO) are well positioned to benefit in the coming months.

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