January 6, 2021, 10:00 am EST
Outdoor Gears – Vista Outdoor (VSTO)
If you like outdoor activities like biking, shooting, camping, chances are you own some sport gears from these logos that are designed and made by Vista Outdoor (VSTO).
This is our third stock picks on outdoor related companies after 12/15 Camping World (CWH) , 12/18 Wiinebago (WGO). There are three reasons that those stocks may perform well in 2021:
- COVID-19 pandemic changes people’s lifestyle after nearly a year shutdown, work-from-home, stay-home order. In fact, diseases spread much further and worse so this situation is likely to get worse not better. It means that many activities are going to impact for the long term. Indoor activities like restaurant, movie, mall shopping, bowling, bars, suffer the most. But outdoor activities are on the rise like biking, camping, shooting, fishing, etc.
- Fundamentally, explosive growths comes to VSTO the last quarter (11100%)
- Technically, after breaking out 24, VSTO is ready to start its uptrend journey above 26-27
- Entry point is 26 and sell-stop 23
