2024-05-27 12:29:25 ET
Summary
- The consumer discretionary sector is facing troubles in 2024.
- Guess? stands out as it broke to new 10-year highs in April, indicating relative strength.
- The long-term fundamentals look solid, and the near-term dip could be a buying opportunity.
I recen tly wrote about weakness in the consumer discretionary sector ( XLY ). P andemic era excess savings have evaporated, consumer sentiment is at a six-month low of 67.4 and retail sales are stagnant. Any company flourishing under these conditions must be doing something right....
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Guess: In The Sweet Spot