The Inside Scoop (05-08-2023)

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

While financials and cyclical areas of the market have been under pressure the past few weeks, technology and other leadership groups have been resilient.

In fact, despite the latest banking sector volatility, we continue to find plenty of opportunities in growth stocks.

However, it's not just growth. We're seeing strength from risk-on groups like homebuilders, in addition to consumer stocks from both offensive and defensive industries.

Overall, we continue to see healthy rotation from the broader market.

Today, we have a consumer discretionary name everyone should be familiar with. Let's get into it.