Promising Luxury Goods Stocks To Follow Now - October 11th

Key Points

• NIKE, On Holding, lululemon, Tapestry, and Deckers Outdoor are identified as luxury-goods stocks to watch based on their recent high dollar trading volumes.
• The companies provide exposure to premium consumer categories including athletic footwear, apparel, accessories, handbags, and lifestyle products through brands such as Nike, Coach, UGG, HOKA, and lululemon.
• Performance of these stocks may be influenced by consumer spending, economic growth, consumer confidence, tourism, wealth trends, and currency movements.

NIKE, ON, lululemon athletica, Tapestry, and Deckers Outdoor are the five Luxury Goods stocks to watch today, according to MarketBeat's stock screener tool. Luxury goods stocks are shares of publicly traded companies that design, manufacture, or sell premium products and services, such as high-end fashion, jewelry, watches, automobiles, and cosmetics. For investors, these stocks represent exposure to consumer spending on nonessential, often brand-driven products and may be influenced by economic growth, wealth trends, tourism, currency movements, and consumer confidence. These companies had the highest dollar trading volume of any Luxury Goods stocks within the last several days.

NIKE (NKE)

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

Read Our Latest Research Report on NKE

ON (ONON)

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.

Read Our Latest Research Report on ONON

lululemon athletica (LULU)

Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

Read Our Latest Research Report on LULU

Tapestry (TPR)

Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

Read Our Latest Research Report on TPR

Deckers Outdoor (DECK)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

Read Our Latest Research Report on DECK

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