NLS: Adding Nautilus Group to Investing Ideas (Long Side)

Hedgeye CEO Keith McCullough is adding Nautilus Group (NLS) to the long side of Investing Ideas. Below is a brief note.

No, I don't like SMALL CAP (IWM) as a Factor Exposure... but my Independent Research team has had plenty of great small cap long ideas that have seen demand #accelerate during the US Jobs Depression...

Long Nautilus Group (NLS) is one of those ideas by Retail analysts Brian McGough & Jeremy McLean. It's down over -4% into the close here on decelerating volume within a Bullish @Hedgeye TREND signal.

Here's a brief recap of the idea from the boys:

NLS Nautilus Inc. (Owner of Nautilus, Bowflex, and Schwinn Fitness) makes sense for a trade/trend long play.  The stock recently saw a notable bullish phase transition on accelerating volume within Keith’s quantitative model. The stock move came after the company preannounced sales for 1Q at +11%, the first time sales grew since 3Q18. The incremental demand makes a lot of sense.  The narrative in the market has been all focused on Peloton, but every maker of home fitness equipment is benefitting as people shop for solutions to a closed gym

We buy the damn dips on red, eh.

KM