Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays

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Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays

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on consumers’ discretionary spending habits, with Ulta shares down more than 17.5% this year and TJX’s stock up only 0.4%. To be sure, while Barclays analyst Adrienne Yih downgraded Ulta on Monday amid growing brick-and-mortar competition, she said she is sticking by the stock for the long run. Ulta shares are down more than 17.5% this year. “We are moving to the sidelines with a more cautious view on the near term. Longer term, ULTA is one of two specialty multibrand retailers with a best-in-class business model in the secularly growing beauty segment,” Yih said. Despite its choppy start to the year, Goldman upgraded TJX to buy from neutral on April 24, turning bullish on the stock as it sees the company being a “market share winner” in an environment of value-conscious consumers.

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Investment strategy,Stock markets,Chipotle ******** Grill Inc,Oracle Corp,Salesforce Inc,Arista Networks Inc,Ulta Beauty Inc,TJX Companies Inc,Barclays PLC,business news
#Diversify #Big #Tech #holdings #stocks #similar #traits #recommends #Barclays

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