#7 - Mohawk Industries (NYSE:MHK)
One of the obvious signals that the economy is hitting on all cylinders will be a strong recovery in the housing market. If you believe that a recovery is on deck for 2025, Mohawk Industries Inc. (NYSE: MHK) should be on your watchlist.
Mohawk is the self-proclaimed global leader in flooring products. Its products run the gamut, including ceramic tiles, carpets, laminate, wood, and resilient floor types.
The stock shot higher during the relocation and renovation boom of 2020 and 2021. However, it fell sharply and seemed to bottom out in October 2023. Revenue remains lower year-over-year, but the company has been reducing its debt, which has boosted its margins and earnings per share. The company is expecting revenue and earnings to be under short-term pressure from the hurricanes that affected a significant portion of the United States in late summer.
The Mohawk analyst forecasts on MarketBeat have a consensus price target of $162.08, which is 10% higher than its current price.
About Mohawk Industries
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.
Read More - Current Price
- $118.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $159.17 (33.8% Upside)
Consumer discretionary stocks are sometimes referred to as cyclical stocks. They tend to outperform during bull markets and underperform in bear markets. This last year has been a little different. Some stocks, including some in this presentation, have managed to perform well as consumers have continued to spend. Travel and hospitality stocks are a good example of this.
MarketBeat has several tools that can help you identify consumer discretionary stock winners like the ones in this presentation. First, you can find a list of the top 50 Consumer Discretionary stocks by market capitalization under the Stock Lists tab.
You can also use our Stock Screener and sort by sector. When you use the screener, you can also filter for technical or fundamental metrics that are important to you. For example, to find the stocks in this presentation, we looked for companies that were projected to have earnings growth of at least 10% in the next 12 months.
More Investing Slideshows:
