Consumer Discretionary Sector deals with non-essential purchases, such as cars, entertainment, and appliances.
Las Vegas Sands (LVS) is a stock that deals with destination vacations in Asia and the United States . With restrictions being lifted, some people are ready to hit the reset button on life with a vacation being the starting point of that reset.
Other things individuals are purchasing are cars. There has been a big shift to electric vehicles (EVs) with Tesla leading the EV trend. However there are a few contenders who are said to be able to compete with Tesla by 2024 and 2025, which are NIO (NIO), Lucid Motors (IPO date TBD), Li Auto (Li) and Xpeng (XPEV). With most of these companies being based in China and China being the largest EV market in the world, they may be on track to increasing their lead in the industry very soon.
Feel free to research other stock in the Consumer Discretionary Sector to help you decide stock you would like to add to your portfolio.