tl;dr
Citi Research analysts have upgraded their call for the consumer discretionary sector (XLY) to overweight, following the elevation of the automobiles and components subsector to market weight. Within the consumer discretionary sector, consumer durables and apparel, as well as consumer discretionary...
Citi Research analysts have upgraded their call for the consumer discretionary sector (XLY) to overweight, following the elevation of the automobiles and components subsector to market weight. Within the consumer discretionary sector, consumer durables and apparel, as well as consumer discretionary distribution and retail sectors, are overweight, while consumer services is at market weight. Analyst Scott Chronert notes that Tesla (TSLA) holds 10.9% of the sector weight in the autos industry group, while Amazon (AMZN) dominates the consumer discretionary distribution and retail sector with 36% of the sector weight. The report states that recent fundamental concerns have been factored into current pricing, and highlights that valuations are reasonable, with impressive profitability. The market's response to fundamental concerns at Nike (NKE) and Lululemon (LULU) is also noted. However, the report emphasizes analysts’ significant concern about fundamental deceleration, citing low growth expectations for 2024 as reinforcing recent underperformance. Top buy-rated stocks, based on expected total return (ETR), include General Motors Co. (GM) with an ETR of 114%, Aptiv Plc (APTV) with an ETR of 73%, Las Vegas Sands Corp. (LVS) with an ETR of 47%, MGM Resorts International (MGM) with an ETR of 46%, NIKE Inc. (NKE) with an ETR of 34%, Carnival Corp. (CCL) with an ETR of 34%, and Wynn Resorts Ltd. (WYNN) with an ETR of 31%. Sell-rated stocks, based on ETR, include Ollie’s Bargain Outlet Holdings Inc. (OLLI) with an ETR of -19%, Carter’s Inc. (CRI) with an ETR of -19%, Cracker Barrel Old Country Store Inc. (CBRL) with an ETR of -9%, and Best Buy Co. Inc. (BBY) with an ETR of -4%.
More about Tesla Inc
Tesla Inc Summary Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services.
In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Revenue: $53,068,156,100
Operating Income: $38.75
Net Income: $4.3
EPS: $30.49
Dividend: $0.155
Market Cap: $96,772,997,000
Stock Price: $192.88
Dividend Yield: 1.115%
P/E Ratio: 0.035
More about Amazon.com Inc
Company: Amazon.com Inc
Industry: Trade & Services, Retail-Catalog & Mail-Order Houses
Market Cap: 1,876,899,267,000
Current Price: $3,014.92
Dividend Yield: 0.00%
Price/Earnings Ratio: 62.52
52-Week High: $3,773.08
52-Week Low: $2,307.21
Price/Book Ratio: 0.0529
Shares Outstanding: 574,784,995,000
EPS: 208.64
Beta: 50.69
Volatility: 0.139
More about Nike Inc
Nike Inc.
Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
Industry: Manufacturing - Rubber & Plastics Footwear
Market Cap: 137.8B
Current Price: $26.75
Change: 1.42 ( 3.4%)
52-Week Range: $33.83
EPS: 0.101
Revenue: 51.58B
P/E Ratio: 111
Dividend Yield: -0.025
Beta: 0.003
More about Lululemon Athletica Inc.
Lululemon Athletica Inc. Summary Lululemon Athletica Inc. is a company headquartered in Vancouver, Canada.
Sector: Manufacturing, Apparel & Other Finished Products of Fabrics & Similar Materials
Market Cap: $47,638,585,000
Current Price: $31.01
Dividend Yield: None
P/E Ratio: 12.19
52-Week High: $75.91
52-Week Low: $0.161
Volume: 9,619,278,000
Average Volume: $481.14
Beta: 4.639
EPS: 0.156
More about General Motors Company
General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
NAICS code: 52411122000
Current ratio: 6.2
Quick ratio: 0.36
Debt to equity: 7.32
Price to earnings ratio: 125.98
Earnings per share: 0.0589
Market capitalization: $171,841,995,000
Stock price: $49.91
Dividend yield: 0.135
Return on equity: -0.003
More about Aptiv PLC
Aptiv PLC Stock Analysis Summary
Aptiv plc is an auto parts company headquartered in Dublin, Ireland.
Sector: Manufacturing
Industry: Motor Vehicle Parts & Accessories
Market Cap: $21.04B
Current Price: $104.36
PE Ratio: 7.43
Dividend Yield: 2.744%
Beta: 0.06
52-Week High: $200.51
52-Week Low: $72.41
More about Las Vegas Sands Corp
Las Vegas Sands Corp Summary Las Vegas Sands Corporation is an American casino and resort company based in Paradise, Nevada, United States. Its resorts feature accommodations, gambling and entertainment, convention and exhibition facilities, restaurants and clubs, as well as an art and science museum in Singapore.
Industry: Real Estate & Construction, Hotels & Motels
Market Cap: 39.87B
Current Price: $33.07
Price Change: $0.60
Percentage Change: 1.6%
Dividend Yield: 13.59
P/E Ratio: 0.118
Revenue: 10.37B
EPS: $64.14
EPS Change: -$0.943
EPS Growth: 1.61%
More about MGM Resorts International
MGM Resorts International Summary
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts globally.
Industry: Real Estate & Construction, Hotels & Motels
Market Cap: $15,147,024,000
Current Price: $14.98
Dividend Yield: 3.19%
52-Week Range: $45.41
EPS: 0.0709
Revenue: $16,118,509,000
PE Ratio: 55.18
Forward PE Ratio: 0.342
Profit Margin: 0.219
More about Carnival Corporation
Carnival Corporation & plc is a British-American cruise operator, currently the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands.
Industry: ENERGY & TRANSPORTATION
Sector: WATER TRANSPORTATION
Market Cap: 20,278,800,000
Current Price: 48.38
Dividend Yield: None
P/E Ratio: 0.32
EPS: 17.87
ROE: 0.018
Sales: 22,567,000,000
Price/Book: 21.05
Beta: -0.139
Volatility: 0.22
More about Wynn Resorts Limited
Wynn Resorts Limited Summary Company: Wynn Resorts Limited
Description: Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos.
Industry: Real Estate & Construction, Hotels & Motels
Market Cap: 11,941,859,000
PE Ratio: 16.86
EPS: 0.75
Dividend Yield: 6.32
52-Week High: 58.05
52-Week Low: 0.112
Revenue: 6,531,897,000
Net Income: 123.15
EBITDA: 21.12
Price/Book: 0.831
More about Ollie's Bargain Outlet Hldg
Ollie's Bargain Outlet Holdings, Inc. Summary Ollie's Bargain Outlet Holdings, Inc.
Ollie's Bargain Outlet Holdings, Inc. is a branded product retailer. The company is headquartered in Harrisburg, Pennsylvania.
Company Information
Sector: TRADE & SERVICES
Industry: RETAIL-VARIETY STORES
Financial Highlights
Market Cap: 4408468000
Current Price: 24.51
Dividend Yield: None
EPS: 2.92
P/E Ratio: 34.06
Beta: 0.0863
Volume: 2102662000
50-Day Moving Avg: 87.08
200-Day Moving Avg: 0.442
RSI (14): 0.18
More about Carter’s Inc
Carter’s Inc Summary Carter’s Inc Summary
Carter's, Inc. designs, supplies, and markets branded children's clothing under the brands Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's little baby basics, and other brands in the United States and internationally. The company is headquartered in Atlanta, Georgia.
Industry: MANUFACTURING, APPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL
Market Cap: 3122739000
Current Price: 13.72
P/E Ratio: 6.24
EPS: 80.5
Dividend Yield: 0.0789
Revenue: 2945594000
Gross Margin: 74.5
Operating Margin: 0.378
Net Margin: -0.059
More about Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Summary Company: Cracker Barrel Old Country Store, Inc.
Business: Develops and operates the Cracker Barrel Old Country Store concept in the United States
Industry: Trade & Services
Sector: Retail-Eating Places
Market Cap: $1,584,270,000
Price/Earnings (P/E) Ratio: 19.03
EPS: 5.2
Dividend Yield: 3.75%
Stock Price: $154.68
Volatility: 0.0243
Revenue: $3,428,661,000
Net Income: $72.13
Return on Equity (ROE): -13.1%
Debt/Equity Ratio: 0.002
More about Best Buy Co. Inc
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Company: Best Buy Co. Inc
Description: Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota.
Industry: TRADE & SERVICES, RETAIL-RADIO, TV & CONSUMER ELECTRONICS STORES
Market Cap: 17,267,094,000
Price: 14.11
Change: 3.68
Change (%): 5.68
Volume: 199.6
Dividend Yield: 0.0286
Revenue: 43,451,998,000
EPS: 84.88
P/E Ratio: -0.054
Beta: -0.006
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