Williams-Sonoma, Inc. WSM was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 18.4% in the past one-month time frame.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Williams-Sonoma. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Williams-Sonoma currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Retail – Home Furnishings industry is Restoration Hardware Holdings Inc. RH, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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