Josh Brown Pitches ‘Potential Breakout' Stock
Josh Brown, CEO of Ritholtz Wealth Management, recently talked about hotels and resorts company Hilton Worldwide Holdings Inc (NYSE:HLT) during a program on CNBC and called it a breakout stock. Here is how Brown made the case of the stock that's up 12% so far this year.
'This is a potential breakout. It's not quite in progress, but it's getting very close. And I thought I'd spotlight this. Basically, we saw a golden cross happen as the stock climbed out of its Liberation Day lows. Hilton was in a 24% drawdown. Now, it's back to within 4% of 52-week highs. Got that 50-day crossing back over the 200-day. Look, the sector itself — leisure, lodging, travel, service industries in the S&P — every single name, with one exception, is above its 50-day. The sector is just absolutely on fire. We talked about the cruise lines the other day, and Hilton should follow through here. Full-year guidance looked great, and that's why the stock's working. So, I think the 270s is where traders want to watch for that trigger. If it can get through the 270s on convincing volume, I think it's a pretty good setup.'
Photo by jared rice on unsplash
While we acknowledge the potential of HLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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