MVP - Bull market for golf sets up for Callaway Acushnet and Nike

Truist Securities expects golf industry sales growth continuing through the first half of this year after noting strong equipment sales trends in February. "Clearly, the pandemic-fueled surges in consumer demand and golf participation that began in 2020 have carried into the new year. February marks the 9th straight month of double-digit YoY retail sales growth for the industry, which we believe should continue through 1H21 given the easing comparisons over the coming 3-4 months combined with another round of economic stimulus."Truist observes that ~55% of annual golf equipment purchases occur in the January to June timeframe. As such, the firm maintains its full year forecast of at least low single-digit to mid single-digit dollar growth for the industry. Callaway Golf ([[ELY]] -2.4%) and Acushnet Holdings ([[GOLF]] +0.2%) are two golf pure plays. Nike ([[NKE]] +1.7%) and Dick's Sporting Goods ([[DKS]] -1.8%) may also benefit from golf equipment and apparel demand. ELY

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Bull market for golf sets up for Callaway, Acushnet and Nike