Consumer goods retailer Rent-A-Center (RCII) has seen its stock go through a hugely volatile rollercoaster ride this year. Initial pandemic-fueled fears of a sharp and deep contraction pushed the stock down by about two-thirds into March, but shares actually hit a new 2020 high about a month ago. With the recent pullback, I think they look quite attractive.
Relative strength for the company’s peer group – consumer services – has improved in recent weeks against the broader market, and RCII itself has seen its strength relative to its peer group improving