From Nasdaq, Inc.:



Skechers U.S.A., Inc. appears commendable on the back of its robust business strategies focused on boosting its omnichannel capabilities, enhancing international foothold, and continued global demand for its comfort technology footwear. The company has improved its digital capabilities and enhanced its distribution facilities and supply-chain capabilities. This has aided DTC sales and store expansion worldwide.

Skechers has made strategic investments to improve its worldwide infrastructure, particularly in e-commerce platforms and distribution centers. The company has updated its point-of-sale systems to better engage with customers, both offline and online. The strength in the company’s DTC business has resulted in impressive growth. Management has remained focused on store expansion with a long-term growth plan. Analysts seem optimistic about the stock, with its Zacks Consensus Estimate showing positive sales and earnings per share growth.

Royal Caribbean, lululemon athletica, and Ralph Lauren are also worth considering as better-ranked companies by day traders. Royal Caribbean sports a Zacks Rank #1 (Strong Buy) and market experts are optimistic about these stocks.



Read more: Here’s Why Skechers (SKX) Stock Has Rallied 50.6% in a Year