Stocks On My Screen For Week Starting October 5th, 2020

Every week, our model comes up with 40 stocks, 20 positive and 20 negatives, to watch for next week’s trading. The model is based on a mix of fundamental and quantitative factors, built on our proprietary database of detailed earnings model on more than 1250 U.S. listed companies. The historical data for these earnings models is sourced from SEC filings. Performance of last week’s model portfolio for the week was, Net: 0.4% Longs: 4.7% Shorts:  -4.3% Assuming 5% is dedicated to each position, resulting in 0% net exposure and no…

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PVH Because Tommy And Calvin Finally Moving Online

PVH Corp. (NYSE: PVH), manager of Tommy Hilfiger and Calvin Klein brands among others, is finally addressing issues that have dogged the stock long before Covid-19 hit, i.e. too much reliance on brick and mortar stores, underperforming businesses like Heritage, inflating cost structure, high inventory, and translating success in the international markets to North America. Even though topline revenue is suffering from store closures, reduced operating hours at stores, and occupancy restrictions, the company’s brands continue to be popular, demand for casual ‘athleisure’ goods is strong, and the environment for…

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Signet Is A Jewel Worth Looking Closely

Signet Jewelers Limited. (NYSE: SIG) was one another retailer that was thrown away by the market scared and uncertain about the extent of the damage that Covid-19 and lockdown would have on the retail sector. As a jewelry retailer, the business was set to suffer from not just the lockdown but also a low appetite for luxury goods in a weak economy as well. But the company has proven most of those concerns wrong. Indeed, the comeback helped by strong online sales seems to suggest that the business is proving…

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