Luxury Goods Stocks See High Trading Volumes Amid Affluent Consumer Spending
MarketBeat's stock screener tool has identified seven Luxury Goods stocks to watch today. These companies have seen high trading volumes in recent days and offer exposure to affluent consumer spending and strong brand pricing power.
The list includes NIKE (NKE), Tapestry (TPR), Amer Sports (AS), lululemon athletica (LULU), ON (ON), Deckers Outdoor (DECK), and Ralph Lauren (RL).
Nike, in particular, has beaten expectations for its Q4 earnings, but analysts have cut their price targets due to core weaknesses. Tapestry's Coach, Kate Spade, and Stuart Weitzman brands continue to drive growth.