Burlington Stores (BURL)

Nov 23, 2022Trade Ideas

With the start of winter just weeks away, forecasts are calling for chilly temperatures.

In fact, according to The Old Farmer’s Almanac, “Winter for much of the Midwest and along the East Coast is best described as ‘Shivery & Snowy.’ The eastern half of the U.S. should brace for potentially record-breaking cold to define the season. This frigid forecast extends to the Deep South and Texas, which could see the mercury diving as much as 8°F below normal!”

That’s great news for companies, like Burlington Stores (BURL), which sells thick, warm coats. While the stock tacked on about 20% of upside yesterday, the stock could see an even warmer reception moving forward, especially after its CEO said, “At this point, we are optimistic about the potential to drive some recovery in sales and margin next year.”

From a current price of $189.96, we’d like to see the stock test $220, near-term.


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