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Microsoft (MFST) - June 21 2020
Author(s) - Jack McGehee
Given MSFT’s economic moat in the office productivity and operating system markets and the strong growth potential of its cloud computing segment, Microsoft’s stock remains undervalued, justifying a buy limit order of 7 shares at $205
Amazon (AMZN) - June 15 2020
Author(s): Ameya Singh
AMZN boast exceptional leadership and consistent growth in its diverse mix of retail, media, and technology businesses. There seems little indication that AMZN will face drastic competition in the near term and we remain confident that the company will retain its market leadership into the future as it captures even more of the super-giant e-commerce and cloud services TAM.
The Children's Place (PLCE) - July 9th 2020
Author(s): Irika Nalla
Proactive steps by PLCE management to open up store inventory to meet accelerating e-commerce demand during COVID-19 pandemic conditions, combined with taking advantage of their fleet flexibility to accelerate store closures going forward will position The Children’s Place to stay ahead of the digital transformation and outperform their peers, growing market share following the pandemic.
Ulta Beauty (ULTA) - July 6th 2020
Authors: Rajit Garg
Due to ULTA’s structural franchise value and strengthening of its platform through capitalization of social media trends and development of the DTC segment, we issue a buy rating on ULTA with a price target of $257.24 and an investment timeline of 1-2 years
Sonos (SONO) - June 21st 2020
Author(s): Jeremy Krill
As a result of proven resilience against COVID and positioning as an industry leader able to capitalize off increasing secular tailwinds, we issue a buy rating on Sonos with a price target of $18.90 and a timeline of 2 years.
Stericycle (STRL) - June 19th 2020
Author(s): Kelly Zhou
Stericycle, Inc. provides regulated and compliance solutions to healthcare, retail, and commercial businesses in the U.S. and internationally. Notably, medical waste disposal and destruction of documents. During fall 2019, a SHORT thesis was developed based on three factors: debt servicing lessens revenue growth, healthcare consolidation reduces pricing power, and declining SOP prices lowers SIDS revenue. COVID-19 has since positioned SRCL to capitalize on the increased demand for medical waste disposal services, push out of small competitors, and SOP pricing spikes.
Zynga (ZNGA) - June 21st
Author(s): Bhavya Kethireddipalli
Zynga will continue struggling to enter the Asian mobile gaming market, its in-house games will continue to fail, and topline growth is unsustainable. However, Zynga’s upcoming acquisition of Peak Games; COVID-19’s favorable results in the short-term, though potentially unsustainable; and the increasingly expensive acquisition strategy pose strongly polarized potentials for the future of Zynga. Thus, we should exit our current short position.