Don't Ignore This Chart!

This Stock Has Legendary Backing, High Growth and a Breakout On Volume.....

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Retail Furnishing stocks have been a hot area as new home sales have continued to grow in this low interest rate environment. While most of these Home Furnishers have been expanding sales through online digital channels, there's been one high-growth company that's making a name for themselves through expanding their brick and mortar presence.

We're talking about RH (formerly known as Restoration Hardware), a luxury home furnishings retailer with 70 RH Galleries and 39 outlet stores in 31 states. The company has positioned themselves as the go-to name for luxury furnishings, and their superior growth rate has attracted Warren Buffet, who initiated a position in the company in mid-November.

DAILY CHART OF RH (RH)

Over the weekend, Buffet's Berkshire Hathaway fund disclosed that they've added to their initial stake by 41% into year-end; that vote of confidence pushed the stock up by almost 6% on volume yesterday. The sharp rally propelled RH out of a 10-week base and it now appears poised for further upside.

While Buffet's investment in a publicly traded company can spark an initial interest, it's companies that have growth prospects, such as his Apple (AAPL) purchase in May 2016, that go on to trade much higher. RH may very well fit that profile, with its 10-year track record of improving revenues as well as a promising growth forecast going forward.

If you're interested in being alerted to high-quality growth stocks in other trending areas of the market, I urge you to trial my bi-weekly MEM Edge Report for 4 weeks at a nominal fee. If you act today, you'll receive last weekend's insightful report that reviews each sector, complete with buy and sell recommendations and a special Tuesday alert report.

It's an exciting time to be investing in the markets! With both growth and defensive areas of the market currently working, I hope you'll take advantage of this opportunity to get in front of stocks poised to greatly outperform: just click here to do so.


Warmly,

Mary Ellen McGonagle,

MEM Investment Research

Mary Ellen McGonagle
About the author: is a professional investing consultant and the president of MEM Investment Research. After eight years of working on Wall Street, Ms. McGonagle left to become a skilled stock analyst, working with William O’Neill in identifying healthy stocks with potential to take off. She has worked with clients that span the globe, including big names like Fidelity Asset Management, Morgan Stanley, Merrill Lynch and Oppenheimer. Learn More
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