Royal Caribbean (RCL), General Motors (GM) and Deckers Outdoor (DECK) are three discretionary stocks that should do well in the coming months with impending interest rate cuts in September.

Over the past years, AI and GLP-1 stocks have been the major themes that have drawn the most attention. However, plenty of other investments have been working and flying under the radar in this market.

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Deckers (DECK) excels due to strong market focus, product innovation, and impressive DTC and wholesale growth. Its solid financial health and significant cash reserves enhance its investment appeal.

Amazon has millions of loyal customers that should help keep sales growing. Deckers Outdoor is growing fast and shows no signs of slowing down.

Deckers has been outperforming Nike by a mile, and it recently raised its outlook. At the same time, Deckers shares have climbed to expensive levels compared to Nike.

Retail sales are a closely watched economic indicator every month. For the last year, the monthly and year-over-year (YOY) numbers have been weak at best.

Growth stocks have enjoyed a 2-year comeback after posting disappointing results in 2022. The S&P 500 and Nasdaq Composite continue to charge toward all-time highs as big tech and artificial intelligence (AI) propel the indices.

Today, Stefano Caroti is handed the reins of Deckers Brands by outgoing CEO Dave Powers, who leaves the company with strong tailwinds. Over the course of his eight years at the helm starting in June 2016, Powers guided the company from $1.8 billion in fiscal 2017 to $4.3 billion in 2024, an 18% advance over previous year.

Catalysts are forming around a lot of the top stocks right now, making this a good time for investors to buy. Many companies are seeing a boost in their share price following strong earnings reports.

Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories internationally, with a focus on UGG and HOKA brands. Despite recent market underperformance, DECK has shown impressive revenue and earnings growth, driven by strong sales of UGG and HOKA products. While DECK's growth story is compelling, the current valuation remains at a premium, leading to a "Hold" rating due to potential competition and future growth concerns.

Deckers (DECK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.