Williams-Sonoma, Inc. (WSM) shares defy gravity, ramping 14% in 2024. Under the surface reveals why the stock is so powerful.
Institutional volumes reveal plenty. For 1-year, our proprietary signals reveal how WSM has enjoyed a surge in demand. We believe this to be strong institutional support.
Each green bar alerts unusually large volumes in WSM shares, pushing the stock higher:
Plenty of retail names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Williams-Sonoma.
Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, WSM has had positive sales & EPS growth in recent years:
Source: FactSet
EPS is estimated to ramp higher this year by +.6%.
Now it makes sense why the stock has been powering to new heights. Williams-Sonoma is gaining because it’s an earnings powerhouse.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.
Williams-Sonoma has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 many times. The blue bars below shows when WSM was a top pick…cutting through the noise.
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.
The Williams-Sonoma rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in WSM at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.
Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.