The stock market recovered nicely in 2023 and has many investors feeling excited about future prospects. Many corporations have posted year-over-year ( YOY ) revenue and earnings growth as consumer spending continues to grow . Consumer spending is a critical driver of the U.S. economy, and growth in this spending can help stocks propel to all-time highs. However, some stocks look more promising than others. Some investments reached elevated valuations in 2023 and now look overdue for corrections. These stocks appear compelling for investors willing to wait a few years instead of dumping shares after any bad news. Elf Beauty (ELF)…
