Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Stocks In This Area Are Running, And Many Are Poised To Go The Distance

by January 14, 2023
January 14, 2023
Stocks In This Area Are Running, And Many Are Poised To Go The Distance

It was a solid week for the markets, with the S&P 500 advancing above its key 200-day moving average, a major area of possible upside resistance. With a positive RSI and Stochastics, the markets are poised to advance further as we enter an earnings season that’s been marked by results being rewarded, despite not being particularly strong.

DAILY CHART OF S&P 500 INDEX

The Consumer Discretionary sector was the top performer, helped by a double-digit rally in retailer Amazon (AMZN), which remains 43% below its 52-week high despite the sharp gain. The stock was upgraded after news that every company can participate in the once-exclusive free, 2-day Prime delivery program.

Other Retail stocks also rallied, as hints of lower inflation, coupled with a Consumer Confidence report that put the number at a 10-month high, pushed the S&P Retail ETF (XRT) into positive territory. The longer-term weekly chart shows the RSI now in positive territory, with the MACD poised to turn positive as well.

WEEKLY CHART OF S&P RETAIL ETF (XRT)

One standout area has been Specialty Retailers that manufacture or sell comfortable footwear. This would include companies such as Crocs Inc. (CROX), which manufactures shoes made with a proprietary plastic material and was one of 2022’s fastest growing brands.

Subscribers to my MEM Edge Report were alerted to the stock in early December, after it was added to our Suggested Holdings List.  Since then, CROX has gained over 20% as analysts continue to raise estimates. Despite healthy gains, the stock trades at only 12 times trailing 4 quarter earnings, which is well below its peers.

DAILY CHART OF CROCS, INC. (CROX)

The running category has been another success story among the footwear industry, as a staggering number of people headed outdoors as gyms closed amid the pandemic. Companies such as Deckers Outdoor (DECK) saw their Hoka brand of sneakers hit the one-billion mark over the past 12 months, in a move that rivals sales in Deckers’ already popular Ugg footwear.

DAILY CHART OF DECKERS OUTDOOR CORP. (DECK)

Well-known footwear company Nike (NKE) is also in a confirmed uptrend, after gapping up in price on the heels of crushing earnings estimates in late December. Management guided growth estimates higher going forward as well, amid increased digital sales and inventory control measures. NKE is approaching an overbought condition at this time.

While each of these Retailers are poised for further upside over time, newer areas within the markets have just begun their ascent, as a rotation int0 Basic Materials and areas of Industrials is pushing select stocks into the beginning stages of an uptrend. If you’d like access to those stocks, use this link here to access a 4-week trial of my twice weekly MEM Edge Report for a nominal fee. You’ll also be alerted to signals that the current bear market rally is reversing so that you can preserve capital ahead of the true market bottom.

Be sure and take advantage of this special offer ahead of next week’s critical economic data and other possible headwinds.

Warmly,

Mary Ellen McGonagle, MEM Investment Research

0
FacebookTwitterGoogle +Pinterest
previous post
Going, Going, Gone: End of Week Themes with GoNoGo Charts
next post
Kristi Noem says Biden admin. blocked July 4 Mt. Rushmore fireworks for third straight year

You may also like

Market Update: CPI-Fueled Rally Fizzles Out as Stocks...

August 10, 2023

Sector Spotlight: Sector Rotation Model Shows the Way

November 8, 2022

The Growth Trade is Back!

August 13, 2024

How to Spot a Golden Mining Opportunity Using...

September 6, 2024

Can The Stock Market Overcome This MAJOR Issue?

August 12, 2022

Mish’s Daily: The Next Stop on This Fierce...

December 1, 2022

China Tariffs Drive Upside for Rare Earth Minerals

May 14, 2024

S&P 500 Rises From Bearish to Neutral, But...

April 25, 2025

Investing with the Trend: Conclusions

June 20, 2024

Market Research and Analysis – Part 4: Trend...

April 4, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved