Latest news with #consumerDiscretionary
Yahoo
6 days ago
- Business
- Yahoo
JPMorgan Bullish on Ross Stores (ROST) Amid New Marketing and Store Refresh Strategy
Ross Stores, Inc. (NASDAQ:ROST) ranks among the best consumer discretionary stocks to buy now. JPMorgan raised its price target for Ross Stores, Inc. (NASDAQ:ROST) from $141 to $154 on June 13 while maintaining its Overweight rating on the company's shares. The firm mentioned the possibility of increased traffic and comparable store sales growth after a meeting with the company's executive team. Ross Stores, Inc. (NASDAQ:ROST) is putting a new marketing and in-store experience strategy into action. The retailer intends to begin early marketing campaigns in July/August and hopes to have refreshed the entirety of its chain of stores by the end of fiscal year 2026, which management believes could lead to same-store sales growth of more than 3-4%. Ross Stores, Inc. (NASDAQ:ROST) demonstrated sequential comparable sales gains at the end of the first quarter, especially in March and April, according to JPMorgan. Based on the firm's 'healthy' second-quarter guidance of up to 3% growth, the company's historical pattern points to a possible 300 basis point two-year stack acceleration compared to the first quarter. Ross Stores, Inc. (NASDAQ:ROST) is a discount clothing retailer that runs home fashion stores under the DD's Discount and Ross Dress for Less (Ross) brands. Along with footwear, accessories, and home fashion, the company's outlets offer customers cheap in-season designer and name-brand clothing. While we acknowledge the potential of ROST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Bernstein Maintains Airbnb (ABNB) Buy Rating, Cites Growth and Cash Flow Strength
Airbnb, Inc. (NASDAQ:ABNB) ranks among the best consumer discretionary stocks to buy now. Despite recognizing Airbnb, Inc. (NASDAQ:ABNB)'s higher valuation than its rivals, Bernstein SocGen Group maintained its Outperform rating and $165 price target for the company on June 18. tanuha2001/ Bernstein noted that full-year GAAP profit before tax margins are now about the same for Airbnb, Inc. (NASDAQ:ABNB) and its rivals, and that first-quarter results are seasonally skewed. The firm added that Airbnb's somewhat higher consensus growth projection of 17% and higher free cash flow conversion of 28% support its valuation premium, indicating that the company is well priced according to current estimates. Bernstein's optimism stems from its belief that, despite first-quarter growth of 11% when accounting for calendar effects and potential acceleration from core markets, non-core segments, and new verticals, Airbnb's multiple is primarily driven by expected mid-term revenue growth rates, which the consensus currently places at about 9.5%. San Francisco-based Airbnb, Inc. (NASDAQ:ABNB) runs an online marketplace that links homeowners with travelers seeking accommodation. While we acknowledge the potential of ABNB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Domino's Pizza Stock Rated Outperform as BMO Sees Growth Beyond 2025
Domino's Pizza, Inc. (NYSE:DPZ) ranks among the best consumer discretionary stocks to buy now. On June 17, BMO Capital Markets reaffirmed its $540 price target and Outperform rating for Domino's Pizza, Inc. (NYSE:DPZ) after investor meetings with the company's CFO and investor relations team. Jonathan Weiss/ Even in the face of difficult macroeconomic circumstances, Domino's management has expressed optimism in the company's prospects, continued growth in market share, and capacity to sustain business momentum beyond 2025. Specific information concerning the DoorDash partnership and Stuffed Crust goods was scarce, according to BMO Capital, and more details are anticipated during the second-quarter earnings report. The firm further stated that the pizza chain doesn't seem to face much risk from Middle East tensions. According to BMO Capital, Domino's Pizza, Inc. (NYSE:DPZ) shares are reasonably priced, especially considering the possibility of similar sales growth in subsequent quarters. Domino's Pizza, Inc. (NYSE:DPZ) is a pizza company that operates through US stores, international franchises, and a supply chain segment. While we acknowledge the potential of DPZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Yahoo
6 days ago
- Business
- Yahoo
Booking Holdings Best Positioned in Travel Sector, Says Piper Sandler After Executive Meetings
Booking Holdings Inc. (NASDAQ:BKNG) ranks among the best consumer discretionary stocks to buy now. With a price target of $5,077, Piper Sandler reaffirmed its Neutral rating on Booking Holdings Inc. (NASDAQ:BKNG) on June 18 following recent management meetings with company executives. As a means to explore different facets of the company's operations and strategy, the investment firm's analyst team met with Grace Lee, SVP of Investor Relations and FP&A at Booking Holdings Inc. (NASDAQ:BKNG), and Mike Reilly, Senior Director of IR and FP&A. The expansion of alternative accommodations, the macroeconomic climate, artificial intelligence projects, marketing effectiveness, and the competitive landscape in the internet travel industry were among the main subjects discussed during these talks. Although Piper Sandler remained neutral regarding the larger online travel sector, it did concede that Booking Holdings Inc. (NASDAQ:BKNG) 'remains best positioned given end market exposure and solid execution' in comparison to its competitors. Booking Holdings Inc. (NASDAQ:BKNG) offers traditional and online reservations for restaurants and travel, as well as associated services in the US, the Netherlands, and other countries. While we acknowledge the potential of BKNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
TJX Stock Rated Outperform as Bernstein Cites Strong Supply Chain and Growth Outlook
The TJX Companies, Inc. (NYSE:TJX) ranks among the best consumer discretionary stocks to buy now. On June 18, Bernstein SocGen Group maintained its $145 price target and Outperform rating on The TJX Companies, Inc. (NYSE:TJX). According to the firm, TJX is 'one of the few macro-proof US retail names this year'. Bernstein remained optimistic regarding TJX's supply availability, pointing out that it hasn't accumulated inventory to protect itself against supply or tariff concerns, in contrast to its off-price peers. In order to get better prices and respond to demand instantly, management has urged customers to make purchases closer to the time of need. Bernstein cited TJX's robust purchasing structure, size, vendor connections, and ability to concentrate on expanding markets like beauty as reasons for the company's optimism over supply availability this year. Bernstein predicts that TJX's earnings growth will stay comfortably over 10% over the medium term due to increases in comparable store sales, prospects for development, and potential for a gross margin increase. The TJX Companies, Inc. (NYSE:TJX) is a well-known off-price clothing and home fashion retailer. Its store brands include the likes of T.J. Maxx, Marshalls, and HomeGoods, as well as international names such as T.K. Maxx and Winners. While we acknowledge the potential of TJX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
