News Formal

These consumer stocks have strong momentum on their side, Wolfe Research says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Investment Strategy Nouvelles

Stock Markets,Amazon.Com Inc,Deckers Outdoor Corp

Investors should look to buy these names amid summer choppiness, the Wall Street firm said.

Wolfe Research recommends some consumer-focused names that investors should buy during the summer's choppiness. Wolfe Chief Investment Strategist Chris Senyek advised clients to lean into the momentum amid what's expected to be a rockier trading environment this summer.

Footwear maker Deckers also made the cut, with a 73% momentum score and a 6% swing in upward earnings revisions. It's already been a strong year for the Hoka and Ugg parent, with shares surging about 58%. While most analysts polled by LSEG have a buy rating, the average price target suggests less than 2% upside over the next 12 months after Deckers' latest rally.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Avoid or short Tesla, First Solar and other stocks, according to Wolfe ResearchThese companies could find themselves at the mercy of short sellers.
La source: CNBC - 🏆 12. / 72 Lire la suite »

These robust companies may be primed to start offering a dividend, Wolfe saysMeta Platforms and Alphabet announced dividends earlier this year. Wolfe highlights a few companies that may join their ranks.
La source: CNBC - 🏆 12. / 72 Lire la suite »