>>21064142>>21064165>gamblingi got you senpai:
Long – Flutter Entertainment (FLUT) & DraftKings Inc. (DKNG): Online Casino July data growth accelerated +32% up from +24% in the prior month, the fastest since November 2022. Cost per acquisition trends are down significantly, suggesting flow-through could be stronger than initial guidance. FLUT and DKNG remain Top Long Ideas
Long – Target Corporation (TGT): TGT print reflects a solid inflection in revenue, earnings, and EBIT. Overall, guidance revised higher to reflect the magnitude of the beat, reflecting 2H conservatism. Was expecting a strong rebound this quarter and will revisit from here as we head into 2H24. Consumer wallet remains under pressure
Long – The TJX Companies, Inc. (TJX): TJX continues to win share with comps +4% from +3%, with outlook revised slightly beyond beat and should be entering a period of favorable inventory restocking opportunities as traditional retailers look to destock post-holiday
