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

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.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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

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.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »