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If I Could Only Buy 1 Stock Right Now, This Would Be It

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. Figs, the provider of high-quality scrubs for healthcare workers, had a widely positive second-quarter earnings report. The primary driver of this was Figs' loyal customers.