With the imminent global recovery, consumer sentiment has also been on the mend.
As a wave of vaccination sweeps across the world, more countries are ready to open up their economies.
The pandemic may have led to a spate of lockdowns and border closures, but it did not dampen spending demand for consumer goods.
Even as people were cooped up at home, e-commerce usage boomed as more went online to shop for goods and services.
Companies that were able to pivot their businesses to online platforms benefitted from this surge in online activity.
As a result, these businesses displayed resilience and continued growing even through the economic downturn.
These three consumer stocks demonstrate such characteristics and you may consider adding them to your investment watchlist.
Chipotle Mexican Grill (NYSE: CMG)
Chipotle Mexican Grill, or CMG, operates a chain of restaurants in the US, Canada and parts of Europe serving responsibly sourced Mexican-style food without artificial colours, flavours or preservatives....