"Consumers are still spending, but less on televisions, and more on luggage. They are also spending less on goods and more on services," says Aadil Zaman. "Consumer staples had the higher beat rate during earnings season. However, earnings growth is decelerating. Food and personal products and beverages are the best performers. Though, consumers are getting pinched by Fed rate hikes, mortgage rates, and gas prices," Matt Miskin adds. Finally, Zaman provides his stock picks: Tesla (TSLA), Amazon (AMZN), Booking Holdings (BKNG), and Home Depot (HD).
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