Consumer spending ‘will soften’ in 2024, CFRA analyst says
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Consumer goods companies have been a hot topic of discussion amongst investors ever since Goldman Sachs predicted that the global weight loss drug market could become a $100 billion market by 2030. However, after Walmart (WMT) warned these drugs could be impacting its food sales, some investors became concerned about what it could mean for food-related stocks. Arun Sundaram, CFRA Analyst, joins Yahoo Finance to discuss the impact GLP-1 drugs have had on the market and whether investors should continue to be worried about the growing trend in its use. Sundaram says plainly: “I think the near-term reaction to these GLP-1 drugs are bit overblown, if you look at the […]