Some highlights from the report:
U.S. Retail – Restaurants
- The restaurant industry has been through better times of late. Increased consumption on account of a strong economy and lower taxes has given a boost to the industry.
- Longer-term trends are still sluggish for the industry and we expect the industry group to continue to trade sideways on the chart.
- The only Focus List stock from the Restaurant group is Wingstop ( WING ). We expect the stock to consolidate in the near term.
- Long idea: TXRH; Short idea: JACK
International Retail – Restaurants
- In the APAC region, we see bullish trends in Xiabuxiabu ( XIAB.HK ), Jubilant Foodworks ( JF1.IN ), and Domino’s Pizza Enterprises ( DMP.AU ).
- We see a shorting opportunity with Saizeriya ( SAIZ.JP ) in Japan.
Top Focus List picks for the Retail Sector: LULU, OLLI, HOME, AMP.IT, AS.IN, BAP.AU
