The story with JBH is similar in the retail sector, JBH extended its 2025 advance by 1.3% on Monday, taking it up more than 12% year-to-date, while Super Retail (SUL) fell 2.5%, taking it down 8.1% year-to-date. Australia’s premier retailer continues to enjoy a “safety bid” from local and overseas investors with relative disregard to valuation, especially when compared to historical levels. In this case, If we are correct with the path of stocks through 2025, we believe SUL, for example, will enjoy some relative performance catch-up when investors become more confident &/or FOMO takes over and they go in search of bargains.
- We can see JBH trading through $110 into Christmas.
MM is bullish JBH
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