THINGS CAN’T BE TOO BAD IF DAD MAKES ‘SUNDAY TEE TIME’
Today, we check in on the economy with one of our favorite gauges…
Regular DailyWealth readers know we like to follow certain sectors for insight into the strength of the economy.
Tracking recreational spending can tell us if consumer confidence is high – like when luxury sport companies are raking in profits…
For example, look at Callaway Golf (ELY).
The $1.6 billion company is the largest manufacturer of golf clubs in the world…
And it’s the No. 1 club brand in the U.S.
Following the 2008 recession, participation in the golf industry dropped off.
But things have turned around in today’s bull market. Callaway’s net sales increased 20% in 2017. And its outlook for this year is positive as the industry continues to strengthen.
As you can see, shares of ELY have risen nearly 50% over the past year. They recently hit a new multiyear high. The company’s climb is a reassuring sign for the economy. After all, if dad has the cash for golf clubs and green fees, things can’t be all that bad today…
President Trump just went on record: the AI data center buildout sweeping America is unstoppable. Communities across the country have been pushing back - over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn't slowing down. In fact, Elon Musk's master plan - hidden inside SpaceX - avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building - and why - could make a lot of money in the right stocks. Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).
Source: Daily Wealth Market Notes
