Nordstrom, Inc.(NYSE:JWN): Investors concerns over the Federal Reserve s interest rate increases to combat inflationary pressures, and looming recession fears, have heightened market volatility. However, a few companies look sufficiently well positioned to withstand the current market turbulence and they recently raised their full-year outlooks. Therefore, we think it could be wise to scoop up the shares of fundamentally sound companies Nordstrom (JWN) and Synopsys (SNPS). Read on.
Macy s, Inc.(NYSE:M): U.S. holiday sales saw record growth this year despite supply chain disruptions, and consumer exuberance should continue driving the performance of department stores. Therefore, we think it could be wise to bet on quality department store stocks Macy’s (M), Kohl’s (KSS), and Dillard’s (DDS). Read on.
Hanesbrands Inc.(NYSE:HBI): Iconic apparel brands marketer Hanesbrands (HBI) delivered strong revenue and profit in the third quarter, driven by momentum in its activewear and innerwear businesses. And because the demand for athleisure is expected to accelerate with more consumers adding comfort wear to their wardrobes, HBI is well-positioned to see strong sales growth in the near term. So, now that the stock is trading below its 52-week high, is it the perfect time to scoop up its shares? Let’s discuss.
Estée Lauder Companies Inc.(NYSE:EL): The demand in the cosmetic industry has rebounded this year, with the production of high-quality and organic skincare products and the lifting of Covid-19 related travel restrictions. Prominent cosmetic retailers Estée Lauder (EL) and Coty (COTY) should benefit from the rising consumer spending this holiday season. But which of these stocks is a better buy now? Read more to find out.