On Stock News

An early entry with follow up buys gave us a strong trade. Now we'll see if it ONON can do it again.

On Holdings, a Swiss running shoe maker, has seen its shares nearly double this year as it captures market share from struggling Nike. Despite On's premium valuation after a sharp YTD rally, I rate it a buy due to its forward-looking strategy and ambitious growth plans. The company is nearly doubling its sales in China, and has plenty of opportunity as well to expand beyond footwear into apparel.

With almost a double already this year in On Running, might it be time to get some gains by coasting?

This restaurant software company is in the early innings of capturing a $100 billion opportunity. With the help of a technological advantage, this restaurant stock could be the latest breakout performer in the sector.

On Holding stock is near a buy point as it tests support at a key moving average. The Swiss shoemaker has rallied on innovation-led growth.

When the market gets too long or too short in any given set of stocks or asset classes, investors must eventually watch out for the changing tides. Just like anything that is priced openly to the public, stocks that run out of buyers will need to see lower prices to attract new business, just like stocks that run out of sellers need to see higher prices instead.

Subscribers to  Chart of the Week  received this commentary on Sunday, September 8.

Nike's growth has been anemic for some time and investors are jumping ship. On Holding is reporting quarter after quarter of major growth.