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Got $5,000? 3 Consumer Stocks to Buy and Hold for Years -Breaking

by Mike Robinson

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© Reuters. Have $5,000 to spare? Three Consumer Stocks You Can Buy And Hold For Years

Because consumer spending has increased over the past few months and is expected to climb even more during the upcoming holiday season, we think it could be wise to invest one’s disposable money in quality consumer stocks Unilever (NYSE:), Ennis (NYSE:), and Natural Grocers (NYSE:). You can read on to discover why. With the holidays approaching, investor interest has been intense in consumer stocks. A National Retail Federation report predicts holiday sales to grow by 8.5%-10.5% this month, and the next. In September, U.S. retail sales increased 0.7%

The supply-chain problems continue to affect the consumer sector, both in terms of production and delivery. Rising inflation remains a problem, although improving labor market prospects has helped to ease those concerns. Consumer spending rose 0.6% in September and the Conference Board Consumer Confidence Index rose from 109.8 to 113.8 October.

We recommend that anyone with $5,000 spare should bet on the fundamentally sound consumer stocks Unilever PLC, Ennis, Inc., or Natural Grocers by Vitamin Cottage, Inc. Each of them is expected to yield significant returns in the coming year.

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