Needham Growth Is Buying Industrial And Retail Stocks

Recent Articles by Craig Jones

CNBC

Long Ideas

Trading Ideas

Media

Analyst Ratings

Bernard Lirola of Needham Growth is currently buying retail stocks and industrial stocks. They think that retail stocks have a lot of leverage over manufacturers and that retailers started to offer exclusive products which will lower price competition.

One of their favorites is Dick's Sporting Goods (NYSE: DKS), and they also like Iconix Brand Group, Inc. (NASDAQ: ICON). Whole Foods Market, Inc. (NASDAQ: WFMI) is also one of their top picks, along with Morton's Restaurant Group, Inc. (NYSE: MRT) and Actuate Corporation (NASDAQ: ACTU).

Dick's Sporting Goods (DKS) jumped 1.96% and closed at $22.40, while Iconix Brand Group (ICON) gained 2.83% reaching $15.99. Whole Foods Market (WFMI) had a great trading session with a jump of 4.28% it settled at $30. Morton's Restaurant Group (MRT) was also up on Monday but it gained only 0.23%. Actuate Corporation (ACTU) added 2.48% to close at $5.79.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.