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In this clip from The Call @ Hedgeye, Financials analyst Josh Steiner touches on MasterCard, Inc. (MA) holiday spending data while expounding on recent disinflationary shipping updates. “This period last year (Nov 1-Dec 24) total retail sales were up 2.4%,” explains Steiner. “This year that number is up 8.5%. Pretty good acceleration.” “Apparel for last year was down -19.1% YoY, this year it’s up 47.3%. Department Stores went from being down -10.2% to being up 21.2%.” |
(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)