FB stock, GM and Disney lead five consumer stocks on this weekend’s menu of stock to watch. All are near buy points, hitting the gas on growth strategies and demonstrating constructive relative strength line trends — at least recently, for FB stock. These, for the most part, aren’t reopening plays.
Only Disney (DIS) is still recovering from an earnings hit over the past year and is due for a reopening rebound in coming months. For General Motors (GM), Facebook (FB), Target (TGT) and Scotts Miracle-Gro (SMG), reopening isn’t a primary driver and in some cases might be a mixed bag.
Still, consumers are flush after the latest $400-billion round of stimulus checks. Aggregate wages and salaries have