3 Stocks to Buy November 2021 for the Coming Consumer Cash Frenzy

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Published at : November 03, 2021

Consumer spending stocks could see a wave of money and higher stock prices over the next year but not all stocks will benefit. I’m highlighting the best consumer stocks to watch and the stocks I’m buying for November 2021.

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Consumers have saved almost $5 trillion globally and $3.6 trillion of that in the U.S. alone. That could mean a wave of consumer spending to prop up stock prices over the next year but not all companies will benefit equally. It’s estimated that the wealthiest have amassed as much as 70% of the savings.

That already puts luxury brands at the top of my list for stocks to watch but there are three more factors why I think stocks of these companies could be about to pop. They have better pricing power, higher online sales and should feel less pain during the exodus of retail workers to higher-pay jobs. All this should help stocks of luxury consumer brands outperform.

That’s why I’m loading up the portfolio with these three stocks for November 2021. We could see each of these stocks jump during third quarter earnings or it could take a little longer but the upside is coming.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. 3 Stocks to Buy November 2021 for the Coming Consumer Cash Frenzy
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