A Bull Market Could Be Here: 3 Reasons to Buy Topgolf Callaway Stock
The S 500 index and Nasdaq Composite are up around 17% and 34%, respectively, this year. Whether it's truly the start of a new bull market or not, it's time to consider adding companies to your portfolio that could deliver great returns as the economic outlook improves. One promising growth stock to consider is Top Callaway Brands (NYSE: MODG).
Callaway is an iconic golf equipment brand, but the company has been expanding beyond hardcore golfers to bring new people to the sport. In 2021, Callaway merged with Topgolf, a leading off-course golf entertainment business with more than 80 owned and operated venues. Topgolf now makes up nearly 40% of the company's revenue.
Even before the acquisition of Topgolf, the stock was a strong performer for investors, nearly tripling in value between 2015 and 2021, but the recent sell-off could be a great buying opportunity. Here are three reasons the stock could see more gains in the next bull market.
Source Fool.com
