Williams-Sonoma Stock is Cheap but Can Get Even Cheaper
Undoubtedly, discretionary retail tends to take a huge hit when the economy grinds to a slowdown or contraction. With pundits upping their recession odds, it should come as no surprise to see upscale furniture and kitchenware retailer Williams-Sonoma (WSM) leading the charge lower. WSM shares have been under considerable selling pressure since peaking in late 2021. The stock lost more than 52% of its value from peak to trough and is in the process of clawing its way higher again, even amid rising recession fears. If a coming recession proves severe, there''s no question WSM stock could get cut in half again.
Williams-Sonoma Stock is Cheap but Can Get Even Cheaper
Undoubtedly, discretionary retail tends to take a huge hit when the economy grinds to a slowdown or contraction. With pundits upping their recession odds, it should come as no surprise to see upscale furniture and kitchenware retailer Williams-Sonoma (WSM) leading the charge lower. WSM shares have been under considerable selling pressure since peaking in late 2021. The stock lost more than 52% of its value from peak to trough and is in the process of clawing its way higher again, even amid rising recession fears. If a coming recession proves severe, there''s no question WSM stock could get cut in half again.