From Nasdaq: 2024-12-13 08:30:00

Consumer discretionary stocks are rallying post-election, with the XLY ETF up 24.7% in the last three months and over 31% in 2024, outpacing the S&P 500. Investing in the sector ETF may be advantageous as some top names still need to catch up.

Lululemon stock is down 21% for the year despite a recent 57% increase. U.S. sales fell 2%, but the company delivered higher revenue and earnings YoY. With a forward P/E of 28x and projected $16 earnings, a price target of $451 seems reasonable for LULU stock.

Crocs stock is up 19% in 2024 but down 13% in the last three months. Revenue and earnings are strong, with a projected EPS of $12.87 and a forward P/E of 8.62, indicating a fair price around $110. Analysts are optimistic due to debt reduction and share buybacks.

Yeti stock, known for its premium coolers and drinkware, surged beyond fundamentals due to investor optimism. Despite being down 13% in 2024, recent gains suggest a potential 10% increase with plans to buy back $200 million worth of shares. Earnings forecast and forward P/E indicate room for growth.



Read more at Nasdaq:: 3 Consumer Discretionary Stocks Ready for a Comeback in 2025