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Stock impact report

4 Consumer Discretionary Stocks to Grab as Inflation Continues to Ease [Yahoo! Finance]

Accel Entertainment, Inc. (ACEL) 
Company Research Source: Yahoo! Finance
Inflation eased in January, with prices of goods and services increasing at a slower-than-expected pace. This raised hopes that the Federal Reserve could finally breathe a sigh of relief and may consider easing its monetary policy in the near term. Given this scenario, we recommend buying four consumer discretionary stocks, namely, Accel Entertainment, Inc. ACEL, Crocs, Inc. CROX, Alto Ingredients, Inc. ALTO and Dolby Laboratories, Inc. DLB. These stocks have seen positive earnings estimate revisions in the past 60 days, carry a Zacks Rank #1 (Strong Buy) or 2 (Buy), and are set for solid returns. You can see the complete list of today's Zacks #1 Rank stocks here Inflation Eases in January The Bureau of Labor Statistics reported last week that the consumer price index (CPI) rose 0.2% sequentially in January, lower than the consensus estimate of a rise of 0.3%. Year over year, CPI rose 2.4% in January, down 0.3% from December. January's reading brings back inflation to where i Show less Read more
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