This Retail Stock is a Top Pick for the Bear Market

Let there be no doubt we are in the midst of a bear market. And most stocks will continue to head south…

(If you are unclear about that, please read my latest market outlook commentary, Investors: Wake Up and Smell the Pain (Part 2)

Gladly some stocks will go up. Casey’s General Stores (CASY) is the perfect example. Not only is it up 10% in the past month. More impressively is it up over 15% year to date while the stock market sank brutally into bear market territory.

Why is CASY rising above the pack?

First, because investors cling to more defensive names that are at less risk when a recession is on the horizon. Indeed, CASY fits nicely into the consumer staples camp which is in fashion at times like these.

Second, and more importantly, the profit picture for CASY keeps on improving. The higher EPS picture compels investors to bid up shares given the increased valued found there.

Third, our POWR Ratings model analyzes 5,300 stocks across 118 unique factors to find those built to outperform. Not only is CASY sporting a rating of A (Strong Buy) rating. But even more impressive it is in the top 1% of all stocks across these 118 factors.

All this explains why Wall Street is a big fan of this stock with the analyst at Deutsche Bank pounding the table the loudest with $276 price target. That may not seem that much higher in the grand scheme of things. However…

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