Hedgeye CEO Keith McCullough is adding Sprouts Farmers Market (SFM) to the short side of Investing Ideas. Below is a brief note.
One of our favorite Sector Styles, on the short side, in #Quad2 is Consumer Staples.
One of our latest SELL ideas from Consumer Staples analyst Daniel Biolsi is one of his former pandemic longs: Sprouts Farmers Market (SFM) and its tapping the top-end of its Risk Range today.
From Biolsi and Penney's Consumables Pro research product:
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Growing concerns about their plans, adding to the Short List (SFM) We are adding Sprouts Farmers Market (SFM) to our shortlist. Sprouts' two-year stacked comp was negative in Q2. Management now expects the full-year comp to decline 5-7% from -LSD% to -MSD%. Guidance implies an acceleration in comps that seems aggressive. |
Sell the green,
KM
