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SubscribeNKE and CPRI – Incrementally Bullish. SNBR New Long/TAIL Triple, Punting CRI Long. Upping KSS to BI Short. Moving Adidas Higher Short Side
Visits slow slightly with Easter shift. Tax Refunds strong. Inflation accelerates. KMX/Auto Retail visits look.
Below are the key conclusions and call details for our call tomorrow.
NKE again a Best Idea Long. BBWI bullish. Short Apparel – URBN, ANF, AEO new ideas. Covering FIGS, LOVE, HZO. KMX bearish into EPS.
Visits Continue to Improve alongside Redbook and Tax Refunds. Sephora looking terrible. Press ULTA short.
We’re buyers of the dip on BYON and we’ll be outlining the Bull Case (and bear case) in a Black Book on 4/10. TAIL $100+ = 3-Bagger.
We’re buyers of the dip on BYON and we’ll be outlining the Bull Case (and bear case) in a Black Book on 4/10. TAIL $100+ = 3-Bagger.
Short Apparel Inflation Spreads – HNNMY, GPS, OXM, KSS, RL, AEO, ANF. RH vs $1mm+ homes. BBWI Elevator Pitch. HIBB New Long. CAL New Short.