Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!
This week’s trade is long….. Polo Ralph Lauren .
Check out some of the company’s stats:
Ralph Lauren (RL)
Sector: Consumer Cyclical
Industry: Apparel / Accessories
Based in: New York, NY
52-week high: $95.59
52-week low: $72.12
Market Cap: $9.1 billion
As Heidi Klum so often says, ‘In fashion one day you’re in and the next you’re out.’
But don’t tell that to Ralph Lauren. He’s one of the few designers that’s not only survived but thrived season after season – with his signature polo shirts and oxfords now hanging in most every closet in America.