Top 3 Stocks to Buy From the Prospering Consumer Loan Industry

Swayta Shah

Mon, Jun 14, 2021, 8:07 AM1 min read

In this article:

The Zacks Consumer Loans industry is bearing the brunt of low interest rates. While the economy is re-opening and gaining traction, muted consumer sentiments due to inflation concerns are likely to hurt demand for consumer loans in the near term.

Yet, easing lending standards, which have increased the number of clients eligible for consumer loans, and stimulus packages are likely to keep providing much needed support to these companies. Also, digitization of operations will boost operating efficiency. Industry players including Discover Financial Services (DFS), Credit Acceptance Corporation (CACC) and Navient Corporation (NAVI) will benefit from these favorable developments.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Navient Corporation (NAVI) : Free Stock Analysis Report

Discover Financial Services (DFS) : Free Stock Analysis Report

Credit Acceptance Corporation (CACC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million
Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest
Benzinga
Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years
The Oracle of Omaha has purchased shares of his favorite stock for 23 consecutive quarters.
Motley Fool
Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen
Broadcom just ended the reign of Nvidia, usurping the top spot on this list of new buys by the best mutual funds.
Investor's Business Daily
I Finally Decided to Cut My Losses and Sell This Stock -- Here's Why
This real estate technology company could be hit hard by a changing real estate market.
Motley Fool
Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage
(Bloomberg) -- At a time when the US is looking to attract more skilled workers to semiconductor manufacturing, many current employees are rethinking whether they want to stick around, according to a McKinsey & Co. report that underscores the chip industry’s labor challenges.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker Who Mastered Investing, Dies at 86Apple Nears Deal W
Bloomberg
With Apple entering the fight, the AI chip wars have gone nuclear
The AI PC chip wars are going nuclear as Apple officially joins the fight with its M4 processor.
Yahoo Finance
McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores
(Bloomberg) -- McDonald’s Corp. is looking to launch a $5 meal deal in the US that the burger chain is betting can lure penny-pinching consumers back in.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker Who Mastered Investing, Dies at 86Apple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealThe deal could
Bloomberg
Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says
The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously misleading. The Autopilot system prevented Hans Von Ohain from being able to keep his Model 3 Tesla on a Colorado road in 2022, according to the lawsuit filed by Nora Bass in state court on May 3. Von Ohain died after the car hit a tree and burst into flames, but a passenger was able to escape, the suit says.
Associated Press Finance
Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say
The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.
CoinDesk
The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.
The Department of Transportation and the Consumer Financial Protection Bureau are exploring possible regulation of the credit-card rewards system and the frequent-flier programs linked to them, officials said at a joint hearing held by the DOT and CFPB on Thursday.
MarketWatch

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Top 3 Stocks to Buy From the Prospering Consumer Loan Industry

Recommended Stories

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million

Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen

I Finally Decided to Cut My Losses and Sell This Stock -- Here's Why

Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage

With Apple entering the fight, the AI chip wars have gone nuclear

McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores

Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says

Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say

The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.