Investors should look to buy these names amid summer choppiness, the Wall Street firm said.
Wolfe Research recommends some consumer-focused names that investors should buy during the summer's choppiness. Wolfe Chief Investment Strategist Chris Senyek advised clients to lean into the momentum amid what's expected to be a rockier trading environment this summer.
Footwear maker Deckers also made the cut, with a 73% momentum score and a 6% swing in upward earnings revisions. It's already been a strong year for the Hoka and Ugg parent, with shares surging about 58%. While most analysts polled by LSEG have a buy rating, the average price target suggests less than 2% upside over the next 12 months after Deckers' latest rally.
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