What Has Wall Street Bullish On Golf Stocks?

We know about the bizarre correlation between Tiger Woods' play and market bullishness, but given the recent market fluctuations Luke Kerr-Dineen understandably tries to surmise what seems to have Wall Street placing buy ratings on Callaway and Acushnet, among others.

The Tiger factor is again in play, but it may also be something as simple as this:

The growth is supported by an encouraging uptick in overall equipment sales as reported by golf research firm Golf Datatech, including a 23-percent increase in woods sales (in dollars) in March year-over-year, and a 46-percent increase in wedges.