Callaway Golf (ELY)

Callaway Golf (ELY)

Postby winston » Tue Aug 14, 2018 8:38 pm

not vested

Today, we're checking in on one of our favorite economic gauges...

Regular readers know we follow several sectors to get insight into the strength of the economy. By tracking things like recreational spending, we can see when consumer confidence is high.

Today, we're looking at a company that thrives when Americans have a little extra cash in their pockets...

Callaway Golf (ELY) is one of the largest manufacturers of golf clubs in the world... and the top golf-club brand in the U.S. The company struggled during the recession as consumers cut their spending.

But today, they're back on the golf course. Callaway just reported a great quarter, increasing sales by 30% and raising its earnings projections for 2018.

As you can see in the chart below, ELY shares are on a tear. The stock is up more than 70% in the past 12 months alone, and recently hit a new multiyear high.

As long as people have extra cash to spend on golf clubs, we won't worry too much about the overall state of the U.S. economy...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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