Who doesn’t like good sleep? Tempur Sealy International (TPX) provides consumers with this possibility by developing, manufacturing, marketing, and distributing bedding products.
Its products include mattresses, adjustable bases, pillows, and other products, and includes brands such as Tempur, Tempur-Pedic, and Sealy.
Due to its strong line of products and cheap valuation, we are bullish on the stock.
TPX currently sits at a trendline resistance around $32.8, falling from highs of around $50. This has left it with a gap in its chart (around $36), and gaps tend to get filled eventually. It can even eventually make new highs as it is a profitable and growing company with a low valuation. We are scaling into it slowly
Read our free TipRanks article linked below to see why we like TPX for a medium-term Buy at these prices.