I'm Buying Consumer Experience Like Delta, Carnival, And Avoiding Discretionary Stocks

I am avoiding consumer discretionary brands, as their value proposition and loyalty have eroded, leading to underperformance across major names like NKE and LULU. My focus shifts to the consumer experience (CX) sector, particularly travel and entertainment, which benefits from secular growth driven by affluent, aging demographics. I am targeting both asset-light (ABNB, BKNG, EXPE, LYV) and asset-heavy (ALK, DAL, CCL, VIK) CX stocks, initiating positions at 20%+ discounts from 52-week highs. With travel demand robust among boomers and inflation risks monitored, I remain constructive on CX stocks while awaiting further asset-light opportunities.