| The Weekend Warrior (7/10/20) - Stay Balanced in Summer Heat = Defensive (WMT, BJ, COST, DG, SFM) + Offensive (TGT, FIVE, LOW, TSCO, WSM, W)
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Grom, CFA, CPA, Chuck |
2020-07-10 |
11 |
| COST: Costco Wholesale - No Summertime Doldrums in Issaquah with Core SSS Surging 14.4%; Management C/B Takeaways; + Lateral to BJ’s & Backyard Foursome
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COST |
Grom, CFA, CPA, Chuck |
2020-07-08 |
4 |
| COST: Costco Wholesale - June SSS Pre-Game = Raising Core Comp Outlook to 7.0% As Trends Continue to Revert Back to the Mean
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COST |
Parke, John |
2020-07-06 |
6 |
| M: Macy's - Slow SSS Recovery, TX Flare-Up, Less Promotional Backdrop = Key Takes Post 1Q Print, Management Call Back Notes
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M |
Grom, CFA, CPA, Chuck |
2020-07-01 |
7 |
| Web Traffic Data Update (6/30) - Essentials Slow but Remain Healthy on Absolute Basis; Wayfair Strengthens (+133% in Wk. 4) Despite B&M Openings; Chewy Takes
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Grom, CFA, CPA, Chuck |
2020-06-30 |
4 |
| Tracking the Consumer & COVID-19 (Week #16) - Data Shows A Degree of Moderation After Optimism Seen in Week 14; 26.4% Expect Economy to Reopen in 2021 – 10 Key Takes
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Grom, CFA, CPA, Chuck |
2020-06-28 |
13 |
| FIVE: Five Below - Somewhere in The Swamps of Jersey, Store Checks + Management Update Call Thoughts
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FIVE |
Grom, CFA, CPA, Chuck |
2020-06-25 |
9 |
| 2Q20 Home Improvement Survey - Data Shows Strong Sequential Uptick; % Planning HI Project Hits All-Time High @ 63.2%, Home Buying Plans Surge, LOW Gains Ground
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Grom, CFA, CPA, Chuck |
2020-06-23 |
11 |
| W: Wayfair - Raising Direct Revenue & EBITDA Expectations as Data Feeds + Survey Work Suggest Staying Power; PT to $250; Bull vs Bear Case Work
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W |
Grom, CFA, CPA, Chuck |
2020-06-19 |
9 |
| Low & Middle Market Pricing Study (#21) - DG Narrows Its Gap to WMT to Only 1.6% . . . While FDO’s Widens to 5.6% = Lends Further Support for General > Tree Thesis
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Grom, CFA, CPA, Chuck |
2020-06-18 |
6 |
| May ’20 Retail Sales Recap - Down 8.1% YOY vs. 16.2% Drop in April; Home Improvement Shines...While S-Goods, Furniture, Apparel, CE, & Dept Stores Show Gains
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Grom, CFA, CPA, Chuck |
2020-06-16 |
4 |
| Apple Mobility Trends/INRIX Data (6/17) - U.S at 122.1 in June vs. 61.2 in April . . . With Driving Traffic Up 12% MTD; Only 12 States Remain Below Pre-COVID Levels Today
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Grom, CFA, CPA, Chuck |
2020-06-16 |
6 |
| Tracking the Consumer & COVID-19 (Week #14) - Big Inflection in Sentiment as Aversion Fears Drop and Hunker Down Behaviors Start to Unwind = 11 Key Takeaways
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Grom, CFA, CPA, Chuck |
2020-06-14 |
13 |
| FIVE: Five Below - Geno’s or Pat’s? Upgrading the Team From Philly To Buy-Rated as SSS + Store Growth Recovery Now Visible – Price Target to $135
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FIVE |
Grom, CFA, CPA, Chuck |
2020-06-10 |
6 |
| Web Traffic Data Update (6/10) - Wayfair Checkout Domain Slows A Bit in Last Week of May . . . But Up ~107.1% For the Month; Essentials Solid on Absolute Basis
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Grom, CFA, CPA, Chuck |
2020-06-10 |
3 |
| M: Macy's - Tweaking Down FY20 Estimates Following 1Q20 Results; PT Stays at $7.50
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M |
Grom, CFA, CPA, Chuck |
2020-06-09 |
4 |
| Department Stores & Off-Price Retail - 1Q20 Inventory Picture Comparison + Initial Macy’s Reaction Post 1Q Update
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Grom, CFA, CPA, Chuck |
2020-06-09 |
2 |
| Apple Mobility Trends/INRIX Data (6/5) - Driving Traffic Up ~52% in May While June Shows Further Gains; 29 States Now Above Pre-COVID Levels with Northeast Recovering Too
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Grom, CFA, CPA, Chuck |
2020-06-08 |
6 |
| RH: RH - Most Attractive Girl At The Dance? We Prefer W, WSM, LOW, & TSCO – Post 1Q Thoughts
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RH |
Grom, CFA, CPA, Chuck |
2020-06-04 |
5 |
| May 2020 Macro Survey (#38) - Consumer Sentiment Index Jumps to 64.8 . . . Well Off the March Bottom, But Still A Lot of Ground To Recover; 8 Key Takes
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Grom, CFA, CPA, Chuck |
2020-06-04 |
9 |