In a developing economic expansion, people spend more, so consumer discretionary companies such as entertainment enterprises tend to do well. (cnbc.com)
Consumer discretionary companies produce goods and services that are not considered necessities, and thus tend to be impacted by economic slowdown. (investopedia.com)
In other words, it will hold the five highest - yielding telecom companies, the five highest - yielding consumer discretionary companies, the five highest - yielding financials, etc.. (charlessizemore.com)