If I Could Only Buy 1 Stock Right Now, This Would Be It
With a potential recession on the horizon and inflation at its highest point in years, many investors are concerned about the performance of consumer discretionary companies. These businesses sell nice-to-have products, so when consumer budgets tighten, demand should decline -- at least in theory.
That said, Figs (NYSE: FIGS) held up quite well in this challenging macroeconomic environment. The direct-to-consumer scrubs manufacturer saw a higher-than-expected revenue increase in its second quarter -- reported on Aug. 4, 2022 -- showing the resiliency of its brand and the strength of its loyal customer base.
So should investors jump in? I am, and here's why you might want to follow suit.
Source Fool.com
