, looked at some of the top names in the consumer discretionary sector. That includes a host of nonessential goods and services such as motor homes, cruises, snowmobiles and timeshares." host said Monday. "These kinds of stocks only work when the consumer's willing to spend and banks are willing to lend."
Cramer said the charts indicate the stock could be ready to make a run higher to around $120 per share and then perhaps even higher to an all-time high of $145 a share. The stock closed at $110 per share on Monday. "The Moving Average Convergence Divergence or MACD indicator, an important momentum gauge, recently flashed a buy signal" on Winnebago, Cramer said. However, Cramer said his colleagues suggest investors wait until shares pull back to around $45 before loading up on the stock., which makes snowmobiles, all-terrain vehicles and boats.
People are just having to pull equity out of their homes to go on vacations!
Luxury brand names? Winnebago? Really?
That’s nice. Consumer is not a leading indicator.