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Proactive Investors
1 month ago
UBS expects modest gains in holiday spending, sees upside in select softline stocks
US holiday spending is expected to rise modestly this year, according to UBS analysts, who forecast a 1% year-over-year increase based on October survey data. Heading into the holiday quarter, the analysts favor ‘Buy'-rated On Holding, Deckers Outdoor Corp (NYSE:DECK), Gildan Activewear, Aritzia Inc (TSX:ATZ), Ralph Lauren Corp (NYSE:RL), Levi Strauss & Co (NYSE:LEVI), Amer Sports Inc (NYSE:AS), Birkenstock Holding PLC (NYSE:BIRK), TJX Companies Inc (NYSE:TJX), Burlington Stores Inc. (NYSE:BURL), PVH Corp. (NYSE:PVH), and Signet Jewelers Limited (NYSE:SIG).