BRP: Betting On Market Recovery

Bicho_raroInvestment Thesis With January's 12-month PCE reading coming in at 2.4% and 2.8% Core, it can be seen that inflation has been decelerating from the 7% high in 2022. With that, there have been discussions of rate cuts in 2024 as the Fed seeks to achieve a soft landing. This would present an opportunity for consumer discretionary names such as BRP Inc. (NASDAQ:DOOO) (TSX:DOO:CA). In addition to the macro play, investors should consider BRP for its industry leadership in high-performance recreati ...