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Big 3-month Returns for Consumer Stocks
Retail names have been off to a bang the last 3 months. I had to do a double take when seeing these returns.
Our data has the Discretionary space as the top-ranked group.
Wynn Resorts $WYNN +81%
Las Vegas Sands $LVS +53%
NIKE $NKE +40%
Tapestry $TPR +39%
Ross Stores $ROST +39%
Etsy $ETSY +36%
D.R. Horton $DHI +36%
Bath & Body Works $BBWI +35%
PulteGroup $PHM +35%
(Disclosure: long NKE & ETSY)
Interesting to see $ETSY this strong and $AMZN not for example.
Would be interesting to see those charts transposed onto big money buying & selling signals.
Wynn resorts is definitely on the higher end. I was just in Vegas and the Wynn hotel's prices are around 3x as expensive others like Mandalay Bay. I think their overseas operations are doing well also.
Luxury spending in general hasn't taken as much of a hit as other consumer spending.
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