This Consumer Discretionary Stock Just Made a Hole in One, But Is It a Buy?

Golf equipment company Callaway Golf (NYSE: ELY) posted stellar second-quarter results on Aug. 9, surpassing Wall Street estimates at both the top and bottom line and offering robustly upbeat guidance. Despite this, the stock market bid its share prices down immediately and for several days following, with one day's losses at over 4%.

Digging a little deeper into Callaway's performance, and the performance of the market it's operating in, shows a few potential risks, but also some notable positives.

Image source: Getty Images.

Source Fool.com