Hedgeye CEO Keith McCullough is adding Citi Trends (CTRN) to the long side of Investing Ideas. Below is a brief note.
With core #Quad2 Long, US Retail (XRT), ripping the eyelids off the bears +6% today...
We'll keep hunting for Retail Longs by Retail analysts Brian McGough & Jeremy McLean. One of their latest ideas that is on sale today is Citi Trends (CTRN):
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Takeaway: No sell side coverage, customer with a spending tailwind, and likely to blow away its stated targets. We're adding CTRN to our Long Bias list. Stock has been on an absolute tear, but for good reason. The story here is very interesting and we think going to look better over the next 6-12 months. Company is led by a new CEO that started in March after nearly 10 years at Five Below. |
Buy it on red on #decelerating volume today,
KM
