Vanity Trade 2024: All About Me! | Mish’s Market Hours

According to Wikipedia,

“Self-help or self improvement It is self-directed improvement of oneself economically, physically, intellectually and emotionally, based on a significant psychological foundation..”

Outlook 2024 once again quotes Raymond Lo.

“The Dragon is considered the ‘star of the arts.’ The industries that will perform better in the Year of the Dragon will be those associated with metal and wood elements. The metal industry is beauty and skin care, while the wood industry is media and fashion. …”

This got me thinking about consumers and their habits in 2023, and how those habits might continue or change in 2024.

With disposable income still fairly high, consumers who spent the second half of 2023 on YOLO, or revenge spending, will enter vanity mode in 2024.

Fashion, beauty, skincare, elective surgery, self-help, diet pills, and maybe even dating stocks might sell well.

Think of it as fun for the family and all about me, a diversion into feeling good about myself!

Here’s a list of stocks to watch in skin care, beauty, and fashion.

1. COTY Co., Ltd.

2. Estee Lauder (EL)

3. Elf Beauty (ELF)

4. Ulta Beauty (ULTA)

5. Inter Parfum (IPAR)

6. Nu Skin Enterprise (NUS)

7. Polo Ralph Lauren (RL)

8. TJX Corporation (TJX)

9. VF Corp (VFC)

Also included are PVH Corp. (PVH) and Tapestry, Inc. (TPR).

Plastic surgery we watch

1. Zimmer Biomet Holdings (ZBH)

2. Allergan, now part of AbbVie (ABBV). Allergan is known for products like Botox, Juvederm, and CoolSculpting.

For diet pills

1. Novo Nordisk (NVO)

Other notable areas

1. Peloton (PTON)

2. Match Group (MTCH) and Bumble, Inc. (BMBL)

Get your free copy of Outlook 2024 and stay updated!

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Follow Mish on X @market Minute for stock recommendations and more. Follow Mish on Instagram at mishschneider for daily morning videos. Click here to view updated media clips..

Mish and the team look to 2023 and make some predictions about products and trends and vanity stocks for 2024 at Benzinga Pre Market Prep.

Mish discusses gold, silver, self-care and why “all about me” could be a trend in 2024. This video source provided by Yahoo!

Coming soon:

December 27: TheStreet.com

December 28: singapore morning radio

January 2nd: Last Bar with David KellerStock Chart TV

January 5: Daily briefing, Real Vision

weekly: Business-first AM, CMC market

• S&P 500 (Spy): 480 all-time high, 465 base support.
• Russell 2000 (IWM): 200 is key.
• Dow (HE): You should get 370.
• NASDAQ (QQQ): 410 is the key.
• Local Bank (KRE): Support is 47 and resistance is 55.
• Semiconductor (SMH): This month, 174 pivotal applications will be held.
• Transportation (IYT): You must have 250.
• Biotechnology (IBB): 130 Pivotal support.
• Sleeve (XRT): The longer it stays above 70.00, the better!

Misch Schneider

MarketGauge.com

Director of Trading Research and Education