Mish’s Daily: The Vanity Trade 2024 – All About Me!
Mish’s Daily: The Vanity Trade 2024 – All About Me!
Written by Michele ‘Mish’ Schneider
According to Wikipedia,
“Self-help or self-improvement is a self-directed improvement of oneself—economically, physically, intellectually, or emotionally—often with a substantial psychological basis.”
In the Outlook 2024 I quote Raymod Lo yet again,
“The Dragon is considered a ‘Star of Arts.’ The industries that will perform better in the year of the Dragon will be industries related to Metal element and Wood element. Metal industries are beauty, and skin care…. Wood industries are media, fashion….”
This got me thinking about the consumer and the habits of 2023 and how they could continue or change in 2024.
With the amount of disposable income still quite high, consumers that spent the last half of 2023 in YOLO or revenge spending, go into vanity mode in 2024.
Fashion, beauty, skin care, elective surgeries, self-help, diet drugs, and maybe even dating stocks do well.
Think of it as a switch from all about my family and fun for them to all about me and feeling good about myself!
On our list of stocks to watch for skin care, beauty, and fashion:
- 1. COTY
- 2. EL
- 3. ELF
- 4. ULTA
- 5. IPAR
- 6. NUS
- 7. RL
- 8. TJX
- 9. VFC
Plus, PVH and TPR.
For cosmetic surgery we are watching
- 1. ZBH
- 2. Allergan (now part of AbbVie): Allergan is known for products like Botox, Juvederm, and CoolSculpting
For diet drugs
- 1. NVO
Other areas to watch
- 1. PTON
- 2. MTCH and BMBL
Click the link below to get your free copy of the Outlook 2024 and stay in the loop!
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Mish in the Media
Benzinga Pre Market Prep Mish and team look at 2023 and make several predictions on commodities and trends for 2024-big one? Vanity stocks 12-27-23
Yahoo Finance Mish discusses gold silver and why self care and all about me can trend in 2024 12-22-23
Coming Up:
December 27 Thestreet.com
December 28 Singapore Breakfast Radio
January 2nd Final Bar Stockcharts Dave Keller
January 5th Daily Briefing Real Vision
Weekly: Business First AM, CMC Markets
ETF Summary
S&P 500 (SPY) 480 all-time highs 465 underlying support
Russell 2000 (IWM) 200 pivotal
Dow (DIA) Needs to hold 370
Nasdaq (QQQ) 410 pivotal
Regional banks (KRE) 47 support 55 resistance
Semiconductors (SMH) 174 pivotal support to hold this month
Transportation (IYT) Needs to hold 250
Biotechnology (IBB) 130 pivotal support
Retail (XRT) The longer this stays over 70.00 the better!
20231228
