"Broad-based" strength across categories led to an 18% rise in powerboat sales during July, SunTrust says, noting that although "normalized weather played a role," the results were "much better than ... anticipated, particularly in light of the tough Y/Y comp."
The news is positive for Brunswick (BC) and MarineMax (HZO) which both carry Buy ratings from analyst Michael Swartz.
HZO - 60% Barchart short term sell signal - 23.33% off recent high - Relative Strength Index 35.46% and falling
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HZO vs. ETF Alternatives
MarineMax Inc is a recreational boat dealer in the United States. It is engaged in retail sale, brokerage, and service of new and used boats, motors, trailers, marine parts and accessories and offer slip and storage accommodations.