Etsy Stock: Buy, Sell, or Hold?
Last year was tough for consumer-related stocks as rising inflation weighed on companies' costs and shoppers' wallets. Investors turned their backs on these sorts of companies and favored stocks less dependent on consumer spending.
The good news is that many of these players have started to recover. In fact, consumer discretionary stocks were among the sectors leading gains in the first half.
But one solid player hasn't participated in this rally. I'm talking about (NASDAQ: ETSY). The online platform that brings together buyers and sellers of handmade goods saw its shares fall 29% in the first six months of the year.
Source Fool.com