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Fly News Breaks for January 8, 2020
WMT, TGT, DG, JWN, TSCO, BJ, FIVE, DLTR
Jan 8, 2020 | 17:32 EDT
Gordon Haskett analysts Chuck Grom, John Parke, and Garrett Greenblatt have updated the firm's 'Shades of Grey' portfolio by downgrading four stocks -- Dollar Tree (DLTR) to Reduce from Accumulate, Five Below (FIVE) to Accumulate from Buy, BJ's (BJ) to Hold from Buy, and Tractor Supply (TSCO) to Accumulate from Buy -- and upgrading one stock -- Nordstrom (JWN) to Accumulate from Hold. They also called Dollar General (DG), Target (TGT), and Walmart (WMT) their top ideas. The analysts said the recalibrations were made "very cautiously" and receommended leaning into the new year slowly until more data is released and we have a better grasp on the Q4 and holiday results, 2020 guidance, and overall positioning. The analysts added that they are "sticking to [their] playbook, which is rooted in identifying companies in good retail verticals with strong company-specific comp/GPM drivers to support profitable market share gains."
News For DLTR;FIVE;BJ;TSCO;JWN;DG;TGT;WMT From the Last 2 Days
TGT
Feb 26, 2021 | 12:08 EDT
Wall Street was hammered yesterday as bond yields soared despite assurances from the Fed that the heat up in inflation is not a threat to their "lower for longer" policy pledge. Risk aversion continued... To see the rest of the story go to thefly.com. See Story Here