Diamonds and Dogs
Duck, Duck, Goose. Retailer, Canada Goose (GOOS) is up a percent following six upgrades as a number of brokerage firms initiate coverage following their recent IPO. RBC initiated Canada Goose with a Outperform and price target of $19. The analyst said the company has a strong brand with momentum and compelling growth ideas with multiple levers in place for a high-teens top line and 20%+ net income growth with estimated 19% EBITDA margins today.
Highflyer, NVIDIA (NVDA) coming under pressure. The chip maker is down 2% to a 4 month lower. No news today, but the stock was downgraded last week. The analyst believes overall revenue and earnings growth may plateau near term before re-accelerating next year. The analyst anticipates slower year over year gaming GPU growth with tough year over year comparisons with the introduction of new competitive Vega GPU platforms from AMD.
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