Wall Street Analyst Says These 2 Consumer Stocks Are Top Picks for 2024 [Yahoo! Finance]
Mister Car Wash, Inc. (MCW)
Company Research
Source: Yahoo! Finance
effect – but inflation is slowing, and the common wisdom expects to see rate cuts later this year. While consumers are still under some stress, the prospect of price stabilization and cheaper credit is positive for consumers, as are the current low rate of unemployment and recent improvements in real wage growth. This makes the present a propitious time to start considering consumer stocks, in advance of a potential surge in retail spending. While increases in retail spending have been modest recently, the prospect of rate cuts heading into 2025 should accelerate consumers' spending plans. A lower cost of credit should provide some relief from the stressors – and give consumers some renewed budgeting flexibility. David Bellinger, from Mizuho Securities, has been watching the situation carefully, and explains what sort of consumer-oriented companies should benefit from current conditions: ‘Our analysis seeks to cut across channels focusing on the balance between reaching the always
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MCW
News
- Mister Car Wash, Inc. (NYSE: MCW) had its price target lowered by analysts at Wells Fargo & Company from $11.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
- Mister Car Wash Shines In Profitability, While Shares Appear Fairly Valued [Seeking Alpha]Seeking Alpha
- Will KSA booming car ownership drive an 8.2% CAGR in the car wash market by 2027? [Yahoo! Finance]Yahoo! Finance
- Mister Car Wash to Report First Quarter 2024 Financial Results on May 1, 2024 [Yahoo! Finance]Yahoo! Finance
- Mister Car Wash to Report First Quarter 2024 Financial Results on May 1, 2024Business Wire
MCW
Earnings
- 2/21/24 - Beat
MCW
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- MCW's page on the SEC website