Many brands in the entertainment and retail industries have been knocked down over the last year as this uncertain economy moves along. But the headwinds of lower consumer spending and inflation will eventually fade and turn into tailwinds that send many of these discounted stocks soaring, maybe even doubling in price over the next five years.

Three Motley Fool contributors were asked to make the case for Williams-Sonoma (NYSE: WSM), Live Nation Entertainment (NYSE: LYV), and Children's Place (NASDAQ: PLCE) being among the winners going forward. Here is what they had to report.

Jennifer Saibil (Williams-Sonoma): Many consumer brands felt the impact of elevated inflation over the past couple of years. Counterintuitively, when revenue and profits declined for some of these brands, it marked an opportune time to make a long-term investment in the best of them. Investors are right to pass over a company that's struggling because of its own ineptitude. But if it's struggling due to temporary external headwinds, the company's performance and the stock price are likely to reflect that when those headwinds ease. 

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Source Fool.com