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Chicago, IL – August 25, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1972117/should-you-sell-the-summer-stock-rally
Should You Sell the Summer Stock Rally?
Welcome to Episode #327 of the Zacks Market Edge Podcast.
(1:00) - Breaking Down The Overall Economy: What Exactly Is Going On?
(8:30) - The Reason Why We Aren’t Heading Into A Recession
(14:10) - Manufacturing Slow Downs Impact On The Economy
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Chief Equity Strategist, John Blank, to talk about what is happening in the US economy and with the summer stock rally.
Is the rally the real deal or is it a fake-out bear market rally?
Should investors who have seen some of their stocks jump double digits in the last 3 months cash in their gains and move to the sidelines?
Williams-Sonoma is one of the top furniture and home accessory retailers. In addition to Williams-Sonoma, it also owns the hot West Elm and Pottery Barn brands.
Williams-Sonoma shares have surged 52% in the last 3 months. They’re still cheap with a forward P/E of just 9.9.
It also pays a dividend yielding 2%.
Should you cash in your profits in Williams-Sonoma?
Netflix has sunk in 2022. Shares are down 63% this year.
But even Netflix has joined in on the summer rally. Shares have jumped 21% in the last 3 months.
Netflix trades with a forward P/E of just 22.6.
Should you cash in your profit, or buy more, of Netflix as fall looms?
What Else Should You Know About Cashing in Your Summer Rally Profits?
Tune into this week’s podcast to find out.
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Market Edge Highlights: Williams-Sonoma, Crocs, Dick's Sporting Goods, Deckers Outdoor and Netflix
For Immediate Release
Chicago, IL – August 25, 2022 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/1972117/should-you-sell-the-summer-stock-rally
Should You Sell the Summer Stock Rally?
Welcome to Episode #327 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Chief Equity Strategist, John Blank, to talk about what is happening in the US economy and with the summer stock rally.
Is the rally the real deal or is it a fake-out bear market rally?
Should investors who have seen some of their stocks jump double digits in the last 3 months cash in their gains and move to the sidelines?
5 Summer Rally Winners: Should You Take Profits?
1. Williams-Sonoma Inc. (WSM - Free Report)
Williams-Sonoma is one of the top furniture and home accessory retailers. In addition to Williams-Sonoma, it also owns the hot West Elm and Pottery Barn brands.
Williams-Sonoma shares have surged 52% in the last 3 months. They’re still cheap with a forward P/E of just 9.9.
It also pays a dividend yielding 2%.
Should you cash in your profits in Williams-Sonoma?
2. Crocs, Inc. (CROX - Free Report)
Crocs continues to see strong demand but that didn’t stop the shares from falling this year.
Investors finally came in to buy the shares this summer, and now they’re up 37% over the last 3 months.
Crocs is still cheap, with a forward P/E of just 7.2 and a PEG ratio of just 0.5.
Is there more upside left in Crocs or should you move to the sidelines?
3. Dick’s Sporting Goods, Inc. (DKS - Free Report)
Dick’s Sporting Goods recently reported earnings. It beat and raised full year guidance.
Shares were already rallying this summer, ahead of the earnings report. The result is that Dick’s Sporting Goods is up 43.4% over the last 3 months.
It’s cheap too with a forward P/E of 10.2. Dick’s also pays a dividend, yielding 1.8%.
Is it time to buy more of Dick’s?
4. Deckers Outdoor Corp. (DECK - Free Report)
Deckers owns two of the hottest shoe brands: UGG and Hoka. But that didn’t prevent the shares from tumbling in 2022.
But this summer, Deckers shares jumped 28%.
It isn’t as cheap as the others. Deckers has a forward P/E of 18.
Should you cash in your profit on Deckers?
5. Netflix (NFLX - Free Report)
Netflix has sunk in 2022. Shares are down 63% this year.
But even Netflix has joined in on the summer rally. Shares have jumped 21% in the last 3 months.
Netflix trades with a forward P/E of just 22.6.
Should you cash in your profit, or buy more, of Netflix as fall looms?
What Else Should You Know About Cashing in Your Summer Rally Profits?
Tune into this week’s podcast to find out.
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.