Trade Call: Avoid Buying RH at Current Levels

17 days ago

Speaker

"so in terms of some new stocks I'm looking to buy, I'm looking at RH. RH is a stock that I think if anything it's going to go lower between now and year end. It's going to be lower than 141. Uh continuing to see tax loss harvesting that one. No one wants any piece of RH right now. And I, I you know I wouldn't want a piece of it either right now. like, you know, talk to me in 2026. That's one I'm definitely looking at."

The speaker highlights RH as a potential trading idea, expecting its price to drop below current levels (less than 141) by year end due to tax loss harvesting pressures. He advises avoiding a position at current levels and suggests revisiting the stock in 2026 based on upcoming earnings and balance sheet improvements.

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