Tyler Crowe

And then back to the essentials, you have the Walmarts, the Costcos of the world.

It's hard to see them really suffering as a result.

Maybe some of the mix on products is different.

But what I'm thinking is things in the middle, fast, casual restaurants, athletic wear, cosmetics.

Automotive, things where people across all income spectrums are paying up to do, but aren't necessarily like the things that you have to do in any given day.

Like we said, yesterday's show, we were talking about the athletic wear sort of market.

And unsurprisingly, the company that we pointed out is doing the best was On Holdings.

Again, very much on the upper end.

Yeah, targeting that higher spending demographic relative to everyone else in their industry who are not doing quite as well.

And so if you're looking at your, you know, at risk of the consumer, I think it's that real middle market area of, you know, the Chipotle's of the world, the Kava's, the

Nike's, things like that, where you're going to see the most impact on how people spend their money and likely to see the discounting, the struggle for sales, struggles with inventory, maybe some write-downs and things like that, where at least from a business perspective, I think we're going to see the most effect.

And then valuation, I feel like we've been trying to guess what people think about valuations for 15, 20 years, and I've been getting it wrong every time anyway.

So we'll see.

mag 7 was so 2023 today on motley fool hidden gems investing welcome to motley fool hidden gems investing i'm your host tyler crowe and today i'm joined by longtime full contributors matt frankel and travis hoyum who's pulling in some spot duty uh away from the host chair and doing some actual hard-hitting analysis for us today uh we are going to get into the state of athletic wear

with some earnings results coming out of Nike, on Holdings, and some others.

We're going to get into a listener question on gambling stocks.

Travis, guys, is it gambling stocks, gaming stocks, sportsbooks?

How are we supposed to call these things these days?

I feel like we're just going mask off now and just be like, they are gambling stocks.

Let's not try to hide anything anymore.