EDITOR'S NOTE: Hedgeye CEO Keith McCullough added Nautilus (NLS) to Investing Ideas on 5/28.
WHAT tHE hEDGEYE rETAIL tEAM WROTE ON 8/8/20:
Nautilus (NLS) will report earnings on Monday. We expected the results to be good. Though with the stock hitting new highs this week, so does the market. The only concern we have is whether the company’s supply chain has been running well enough to satisfy sales relative to expectations.
We continue to see out of stocks for core NLS products across retail. Sales and earnings expectations should continue to march higher in the coming quarters as we see demand remaining elevated for likely at least another 6 months. As the supply catches up with the demand, fundamentals should beat expectations.
WHAT kEITH mCcULLOGH WROTE ON 5/28/20:
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...
Here's a brief recap of the idea from the boys: