Ulta Beauty (ULTA) and Walmart (WMT) were among Jefferies' top ideas for the consumer sector in 2024. Among some of the reasons cited were potential deflationary pressures and consumers continuing to spend on consumables, most notably cosmetics and makeup.
Yahoo Finance Anchors Madison Mills and Seana Smith break down the note put out by Jefferies and what it could mean for these companies and the consumer sector in 2024.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino.
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