In This Article:
Key Takeaways
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These 3 stocks are showing bullish momentum, with shares of each hovering at all-time highs.
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United Airlines shares more than doubled over the last six months, outperforming the general market handily.
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Deck Outdoor and Tapestry shares also had a strong run, up 27% and 47.2% respectively, the past 15 months.
Stocks making new highs tend to make even higher highs, particularly when a company’s outlook remains positive.
And recently, several stocks, including Deckers Outdoor DECK, United Airlines UAL, and Tapestry TPR, have displayed bullish momentum, with shares of each hovering at all-time highs.
Below is a chart illustrating the performance of each over the last three months, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
All three sport a favorable Zacks Rank, reflecting optimism among analysts. Should investors tap into the momentum? Let’s take a closer look at how each stacks up.
Deckers Sees Continued Brand Momentum
Deckers Outdoor is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The stock sports a Zacks Rank #2 (Buy), with EPS expectations creeping higher nearly across the board over recent months.
Image Source: Zacks Investment Research
Solid quarterly releases have been driving the positive outlook, with the company exceeding the Zacks Consensus EPS estimate by an average of 40% across its last four releases. Concerning headline figures, EPS shot 40% higher year-over-year alongside 20% growth in sales, with DECK also upping its FY25 sales outlook following the release.
HOKA and UGG brand momentum remains strong, with the company experiencing strong consumer demand yet again. Deckers Outdoor also saw margin expansion throughout the period, continuing an established trend from recent periods.
Please note that the margins chart below tracks on a trailing twelve-month basis.
Image Source: Zacks Investment Research
UAL Shares Double in Value
United Airlines’ strong price action has also been aided by quarterly releases, with shares soaring following the release of its latest print. The company’s next quarterly release is expected soon on January 21st, with current consensus expectations suggesting 49% EPS growth on 5% higher sales.
The outlook for the quarter to be reported remains positive, with the $2.98 per share expected up modestly over the last several months. Top line revisions have also remained constructive, with the $14.4 billion expected up marginally over the same time period.