Discretionary Stocks Can Keep Climbing, Even Without Netflix

By Anonymous

Streaming-video giant’s move to index’s new communications sector won’t stop the surge for consumer-discretionary stocks

Netflix Inc. and Amazon.com Inc. have gotten most of the credit for driving the big gains in the S&P 500’s consumer-discretionary sector this year.

But even with the streaming-video giant’s departure to the index’s new communications sector last month, analysts say the discretionary stocks are poised to keep powering higher.

Netflix shares...