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1028 days ago

Petco produced a best-in-breed Q1--more upside ahead?

Following 2018 disruption from online-only retailers, sales growth began to recover in 2019 and accelerated in 2020. Growth will decelerate in 2021, but remain at a strong pace. One of the consequences of the pandemic was a pet boom in the US. Consumers spending more time at home have been adopting pets at an elevated rate, and there's evidence this will continue going forward. Petco's figure showed below indicate more to come? 

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1028 days ago

Zombie companies have outperformed the S&P 500 by 13.5% over the past month

Zombie companies (companies that are in debt and can only pay interest but not the principal) have outperformed the S&P 500 by 13.5% over the past month.

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Zombie companies are outperforming the S&P 500 by 13.5% over the past month

1029 days ago

Card spending increased 26% over 1-year period: rotation from goods into services

Improvements in spending seen in monthly card spending trends shows retail space is coming back into full gear albeit a slow ramp up on the airlines front. Furniture purchasing is blowing up, somewhat contributing to the cargo bottleneck issues. There is a rotation from goods and into services.

#Stocks

1029 days ago

3 meme stocks in the US's most traded stocks yesterday

AMC dropped to the 5th spot in terms of volume as interest for the meme stock is starting to fade. Clover health and GameStop are still sitting in the top ten as well. 

#Stocks
3 meme stocks in the US's most traded stocks yesterday

1029 days ago

Chinese firms listed abroad outperformed in last three months by local firms

China's tech crackdown is mainly hurting firms listed outside the country. Firms on mainland China, characterized by an MSCI index of 490 firms has gain 9% in the past three months. China's tech sector is reeling from what began in part as a crackdown on anticompetitive behavior. 

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