#7 - Winnebago Industries (NYSE:WGO)
The ingenuity and resolve of the American consumer were on full display during last summer’s socially distanced summer. I’m referring to the increased demand for recreational vehicles (RVs) to hit the open road. And one of the largest beneficiaries was Winnebago Industries (NYSE:WGO).
And even as the ranks of the vaccinated increases, many Americans lately choose an RV as their transportation of choice. To be fair, the RV industry is not immune to the impact of the global chip shortage. However, the industry has dealt with supply chain shortages in the past and may be better prepared to handle any obstacles. Investors should pay attention to any remarks the company makes when it releases earnings at the end of June.
And with shares about 20% down from their March high, WGO stock is presenting itself as a nice buy-the-dip opportunity. Analysts agree as they have a price target that has the stock climbing over 11%.
About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.
Read More - Current Price
- $58.93
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $68.13 (15.6% Upside)
One thing is fairly certain. It’s not going to be a boring summer. The economy and stock markets continue to show a high degree of volatility. And with America reopening, by the time those institutional investors check back in after Labor Day, we’ll have a pretty good idea of where those pent-up savings dollars were allocated.
We don’t pretend to have a crystal ball, but we believe that these seven stocks will be ideal barometers for the disposable consumer dollars that will be unleashed in the economy.
Of course, macroeconomic events can upset things. Inflation is becoming more difficult to ignore. And the global chip shortage is only one reason that supply chain disruptions are likely through the end of the year.
But you should never bet against the American consumer. Even during the pandemic, consumers showed an ability to adapt their shopping habits. It’s hard to see them sitting on the sidelines now.
That’s why you really need to consider adding one or more of the stocks in this presentation to your portfolio. They’re leaning in to where the consumer is going, and are primed to take you on a profitable ride.
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