Yeti stock was the IBD Stock of the Day last week as it moved into a buy zone. On Monday the maker of coolers, backpacks, beverage containers and other outdoor gear broke out to new highs, closing more than (+6%) higher. Volume was above average.
Yeti (YETI), known for high-end, coolers that cost as much as $1,300, recently launched a new line of travel bags and luggage, helping boost sales and earnings. Profits have climbed steadily every year since 2017.
The stocks relative strength line has moved higher over the last 10 trading days, closing at 91 on Monday. The stock is on the blue-dot scan.
Dick’s Sporting Goods (DKS) management said it benefited from an increase in outdoor activities during the pandemic, in its recent earnings report. At-home fitness options like Peloton (PTON) also experienced rising profits in the latest quarter.
Lululemon (LULU) is on the watchlist this week as well. The stock moved higher on Monday, rising 5.75 points, closing at 323.87 (+1.81%).
YETI is off -0.68 (0.81%) going into the opening bell, rendering another opportunity to buy. LULU is higher in early trading +0.81 (0.25%).
Additional stocks in the group.