Furniture — Trading Ideas on TradingView

$WMS - OVERSOLD BEFORE EARNINGS With remote work on the increase, people are upgrading their home furniture and living conditions more than ever before. A company like Williams-Sonoma will feel the benefit of this changing trend in living styles. Increased demand should allow furniture retailers to counter-act rising material costs by raising prices. Adding to this point, the housing market has remained strong. People need to buy furniture more than ever. WMS earnings are released Wednesday, March 16th after the bell. Quote from Pragya Pandey's Stock News article below: "WSM is an omnichannel specialty retailer of multiple products for the home. It also supplies cooking, dining, and entertaining products such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor furniture, and a library of cookbooks under the Williams Sonoma brand, along with home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand. Last month, Pottery Barn Kids and Pottery Barn Teen, members of WSM, announced new collections with the famous resort wear brand Lilly Pulitzer. The ‘Lilly Pulitzer x Pottery Barn Kids’ and ‘Lilly Pulitzer x Pottery Barn Teen’ collections launched new product categories to the partnership, including décor, textiles, sleepwear, backpacks, and water bottles in Lilly Pulitzer’s signature prints. Jennifer Kellor, President, Pottery Barn Kids, and Pottery Barn Teen, stated that “Our collaboration with Lilly Pulitzer is the result of coming together as brands who value incredible design with exceptional quality,” Also, in January, WSM announced its collaboration with Black Artists + Designers Guild (BADG), a global organization committed to developing a more equitable and overall creative culture through the improvement of independent Black makers. The new collaboration between Pottery and Barn and BADG comprises products designed for entertaining, hosting, and gathering."

Deep Value and Bullish Sentiment in La-Z-Boy My largest single position right now is La-Z-Boy, and the consolidating price action the last few days is telling me the time may be right. Deep Value La-Z-Boy offers a 2.1% forward dividend yield and currently trades at about 10 forward P/E, .74 forward P/S, and a fantastic 5.6 P/FCF. The low price multiples on this wonderful cash cow are well below the stock's five-year median. I estimate a whopping 38% upside to the median multiple of the last five years! If La-Z-Boy's trading at a discount, it's not for lack of growth. We're talking 4% earnings growth, 4% dividend growth, 1.7% sales growth, and 8% free cash flow growth, on average, since 2017. In addition to paying dividends, La-Z-Boy has also consistently bought back shares. Of the value stocks I follow, La-Z-Boy is in the 10th cheapest on a price ratio basis (trailing and forward P/E, P/S, P/D, P/FCF) and the 6th cheapest on a price-to-growth ratio basis (PEG, PSG, PDG, PFCFG). La-Z-Boy has been innovating lately. You get an average of 4.5 new patents per year per billion dollars of market cap, making this a relatively cheap technology play. (Did I just call a furniture company a technology play? Yes, I did.) S&P Global gives La-Z-Boy an average fundamentals score of 88.25/100. It scores middle-of-the-road on ESG. I rate the earnings outlook a 5/6, with projected future growth and mostly positive recent forecast revisions. Bullish Sentiment The average analyst score on La-Z-Boy is 6.4/10, putting it in bullish but not strongly bullish territory. However, options traders are highly bullish on the stock, with open interest sitting at 0.15. That's the most bullish open interest of any stock I follow. Options trading volume is quite bullish as well. News on La-Z-Boy has been mostly positive. Last quarter's earnings and sales handily beat estimates, and La-Z-Boy is upgrading its Neosho, MO manufacturing plant. The stock's been beaten down due to supply chain troubles and materials costs, but with the stock near strong support and open interest so positive, I think the selloff may have exhausted itself. Support-Resistance In technical terms, we've got upside to at least the 20-day exponential moving average at $35.04 per share, with strong support from the 200-week at 32.85. That's a net-positive reward-minus-risk of 3.9%.

(5101) EVERGRN (Furniture Stock)(5101) EVERGRN - Newly formed uptrend stock. - Sideways current price action movement. - Buy price range can be set up within its sideways movement range. - Sideways resistant at RM0.290. - Sideways support at RM0.255. - A break down below sideways support = execute stop loss. - Price action need to see price of EVERGRN to breakout of its RM0.290 sideways resistant. - Crucial Midpoint to break at RM0.305. - Target Price Range to be set after price action is able to overcome above its Midpoint.

BUY $RH Great PEG setup here for $RH. Very bullish consolidation with declining volume. Has had several interactions with the pitchfork, so we can look to the bottom blue line to act as support and the median red line to act as a magnet/resistance. Target = $460 by mid-November as a conservative estimate. Use the white box as an entry point. Good luck!