With remote work on the increase, people are upgrading their home furniture and living conditions more than ever before.
A company like Williams-Sonoma will feel the benefit of this changing trend in living styles.
Increased demand should allow furniture retailers to counter-act rising material costs by raising prices.
Adding to this point, the housing market...
My largest single position right now is La-Z-Boy, and the consolidating price action the last few days is telling me the time may be right.
Deep Value
La-Z-Boy offers a 2.1% forward dividend yield and currently trades at about 10 forward P/E, .74 forward P/S, and a fantastic 5.6 P/FCF. The low price multiples on this wonderful cash cow are well below the...
(5101) EVERGRN
- Newly formed uptrend stock.
- Sideways current price action movement.
- Buy price range can be set up within its sideways movement range.
- Sideways resistant at RM0.290.
- Sideways support at RM0.255.
- A break down below sideways support = execute stop loss.
- Price action need to see price of EVERGRN to breakout of its RM0.290 sideways...
Great PEG setup here for $RH. Very bullish consolidation with declining volume. Has had several interactions with the pitchfork, so we can look to the bottom blue line to act as support and the median red line to act as a magnet/resistance. Target = $460 by mid-November as a conservative estimate. Use the white box as an entry point. Good luck!
