InvestorPlace
At first glance, the thought of acquiring discretionary retail plays – even the ones labeled as the best consumer cyclical stocks – may seem daunting. Sure, the May jobs report came in much hotter than anticipated, which on the surface bodes well for sentiment. However, some nuances shouldn’t be ignored. Yes, hiring jumped but so did the unemployment rate. Further, the average hours worked and the pace of wage growth both declined. As well, investors shouldn’t ignore that it’s taking longer for
InvestorPlace