Oil prices have almost doubled after Iran’s closure of the Strait of Hormuz, yet a widely expected global recession has not followed. That mix of higher energy costs and surprising resilience can reshape how investors think about consumer discretionary stocks, where spending often feels the impact of higher fuel and transport costs. This article looks at three large, financially stable companies from our Global Consumer Discretionary Stocks screener that are closely tied to this news event. Each stock offers a different angle on how resilient consumer demand and higher oil prices might affect portfolios, for better or worse.

JAKKS Pacific (JAKK)

Overview: JAKKS Pacific is a global toy and consumer products company that creates and sells branded and licensed toys, costumes, kids furniture and outdoor play products, ranging from action figures and dolls to Halloween outfits and junior sports toys, through major retailers worldwide.

Operations: JAKKS Pacific generates most of its US$564.1 million revenue from Toys/Consumer Products at about US$454.6 million and Costumes at about US$109.5 million, with the United States contributing roughly US$402.3 million and Europe about US$86.9 million.

Market Cap: US$268 million

JAKKS Pacific sits at the crossroads of discretionary spending and entertainment, which is especially relevant when higher oil prices affect household budgets but consumer demand remains resilient. The company is focusing on fresh content partnerships and new categories, including its Anime Division and DC Super-Villains and Super Mario product launches. At the same time, it is monitoring costs and retailer inventory after a period in which margins came under pressure and Q1 2026 results reflected lower sales and a wider loss. The stock currently trades on a high P/E and pays a dividend that is not well covered by current earnings, highlighting a balance between potential opportunities and execution risk that warrants closer examination.

JAKKS Pacific’s high P/E, new content partnerships and uncovered dividend story suggest the market might be missing a key piece. Start with the 1 key reward and 2 important warning signs

Spin Master (TSX:TOY)

Overview: Spin Master is a global children’s entertainment company that creates and sells toys, entertainment content and digital games, combining brands like PAW Patrol, Monster Jam and Melissa & Doug across physical products, TV and film, and app based play.

Operations: Spin Master generates about US$1.74b from Toys, US$198 million from Digital Games and US$148.2 million from Entertainment, with the United States its largest market at roughly US$1.15b in revenue.

Market Cap: CA$2.0b

Spin Master provides exposure to global discretionary spending on play at a time when higher oil prices are feeding into freight and resin costs. Consumer demand for established brands and digital content is still holding up. The company is focusing on higher margin digital games and multi channel IP monetization. It is also using cost programs, sourcing diversification and buybacks to support value creation, even as it reports a loss of US$32 million and carries negative ROE. With new licensing deals such as Supercell and a refreshed PAW Patrol lineup coming through, the key consideration is how these growth levers and cost headwinds balance for long term shareholders, which is where deeper analysis becomes crucial.

Spin Master’s push into higher margin digital games and multi channel IP like PAW Patrol could be masking a very different risk return profile than its headline loss suggests, and the 3 key rewards and 1 important warning sign might be where that gap really shows up

Corporate Travel Management (ASX:CTD)

Overview: Corporate Travel Management is an Australia based company that helps organisations plan, book and manage travel, covering corporate trips, meetings and events, sports and leisure travel, loyalty programs and wholesale travel services across major regions including Australia and New Zealand, North America, Asia and Europe.

Operations: Corporate Travel Management generates A$60.9 million from Travel Services in Asia, A$126.2 million in Europe, A$319.9 million in North America and A$181.4 million in Australia and New Zealand.

Market Cap: A$2.23b

Corporate Travel Management provides a pure play on business and government travel at a time when the world has absorbed a major oil shock without tipping into recession, which supports ongoing travel budgets. Management is flagging strong recent booking rebounds and reports that client demand remains solid even after earlier impacts from high ticket prices and Middle East related sentiment, although profit margins have come down and earnings fell 42.8% over the past year. The stock trades on a P/E of 35.2x, with what management characterises as high quality earnings and revenue growth that has outpaced the broader Australian hospitality index, backed by experienced leadership and high client retention. This leaves investors with a clear question about how much potential future travel recovery is already reflected in the current share price.

Corporate Travel Management’s high P/E and discussion of high quality earnings suggest the market may be pricing in more than just today’s booking rebound, and the analyst forecasts for Corporate Travel Management could reveal what expectations are quietly building.

The three stocks covered here are just a starting point. The full Global Consumer Discretionary Stocks screener uncovers 40 more large, financially stable consumer discretionary companies with equally compelling narratives tied to how people spend on non essentials when conditions allow. Use Simply Wall St to identify, filter and analyze the exact catalysts and storylines that matter to you so you can focus on the highest conviction ideas within this group.

Take Control of Your Investment Journey

If JAKKS Pacific or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.