Stocks like Guess?, Inc. (GES), Sonos, Inc. (SONO), Bragg Gaming Group Inc. (BRAG) and Hilton Worldwide Holdings Inc. (HLT) should benefit from the rise in personal spending and income.
The markets have given investors a wild ride over the last three years, and that has resulted in several promising companies selling at deeply discounted prices. High inflation and lower consumer spending have pressured these companies' revenue growth and scared away many short-term traders. After launching in 2011, Chewy quickly scaled into a large business with over $10 billion in annual revenue.
Investors need to pay close attention to Sonos (SONO) stock based on the movements in the options market lately.