Stitch Fix Gets a Boost and GE’s Biggest Rally in 6 Months 👗

Stitch Fix Gets a Boost and GE’s Biggest Rally in 6 Months

Stitch Fix

Stitch Fix’s stock price headed higher Thursday morning after analysts such as Rick Patel from Needham boosted their rating on the stock and praised their business model. Patel lifted his rating on Stitch Fix (ticker: SFIX) to Buy from Neutral and established a $36 price target for the online subscription-based personal styling service.

Their business model is simple and effective. Offer a large array of options to consumers and use the data on their styling preferences to only show the items they are most likely to buy. With these algorithms in place, will Stitch Fix be able to beat out retail competitors over the long-term?

General Electric

General Electric or GE was up over 4% on Thursday, adding fuel to the stock’s ascent this week. After Wednesday’s 10% run, the stock’s total 2-day price gain sits at an enormous 15.9%.

The reason this move stands out is because GE’s stock price grew so much at a time where the S&P 500 dropped around 1.9%. Will GE’s market defying behavior continue?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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