Gildan Activewear has shown up again near the top of my momentum model for individual, large-cap Canadian stocks. I wrote about it on April 10, 2013. Since then, the price has risen 15.23%. There appears to be only one analyst who has discussed this company in the past year on BNN, and he is a little nervous about the price of cotton. Assuming, though, that the company can pass along price increases to consumers, they have the T-shirt market pretty much “nailed down.”
Whether this is a case of Gildan performing better than other companies, or other companies performing worse than Gildan, is hard to say. Either way, however, this company appears to be a pretty good place to place some money for the near term.