With inflation rising to historic levels, consumers are really starting to feel the pinch, resulting in a clampdown of spending across the board, including must-have and common-use items. For investors, this has made a variety of staples and discretionary names dead money in the new high price environment.
But not all subsectors of the consumer market are suffering.
It turns out, consumers are still spending big time on entertainment and food. Thanks to a post COVID-19 snap-back, this year has shaped up to be pretty good for the restaurant stocks. With consumers willing to open their wallets on food and entertainment options, investors may want to consider the sector. This is especially true as dividends continue to rise at many of the names.
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