This week we're looking at a long setup in the Consumer Goods sector. We covered this specific trade idea in January and post the achievement of the target, it seems like a good time to update the levels.
Over the weekend I was running our "Weekend Momentum Report" for Institutional Clients and the message was very similar to last week, so I thought it was worth sharing.
Stocks showing relative strength in this environment remain on our radar since the list of them has shrunk day by day over the last month.
For our Institutional Clients, we provide more tactical trade ideas or "plus-ones" that don't necessarily fit a broader theme but are still an attractive opportunity worth exploring.
Today I want to share one of those ideas from a subsector of the market that may surprise you...Retail.
