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04

December, 2018

Dollar General’s Slide No Surprise To LikeFolio Members

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Summary:

Landon discusses Dollar General Earnings on the TD Ameritrade Network

This week’s Sunday Earnings Sheet is off to a good start, with Dollar General selling off 5%+ on cuts to its future revenue and earnings outlook, making our bearish call on the company a profitable one.

Here’s what we saw in the LikeFolio Research Dashboard to come to our bearish Earnings Prediction on $DG:

Dollar General ($DG) Purchase Intent Mentions (green) vs company stock price

 

A few key takeaways:

  • Consumer Purchase Intent (PI) Mentions pulling back in late summer is unusual for this company
  • Stock near all-time highs as PI mentions slide provided a classic divergence opportunity.
  • Bet was not necessarily that Dollar General would miss Q3 numbers, but rather that the company’s performance wouldn’t support the high share price.
  • Dollar General is one of our best performing companies using PI data, historically:

 

LikeFolio data has been spot on for Dollar General historically

The Week Ahead

It’s nice to start out with a win, especially as our late-season performance continues to shine.  Now it’s time to turn to the week ahead.

With markets closed Wednesday, we are actually looking at 4-5 really solid earnings plays worth entering today… a surprisingly high number for this point in the earnings season!

Best of luck to all of us… let’s keep it going!

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