5i Research Weekly Rockets and Duds
It was a (US) Thanksgiving Miracle last week in the stock market, as the S&P 500 went up five days in a row and managed to eke out a small gain for the month of November, which had seen horrible losses earlier in the month. Even the TSX hit a record high on the back of strong gold/silver prices and a tech share rebound. Here are the big movers we noticed:
Symbotic Inc. SYM
Investing should be so easy, especially in hindsight! SYM is a company involved in robotics, AI and automation. Do you think it had a good fiscal fourth quarter? It certainly did. It also gave a strong outlook and announced its first customer in the healthcare sector. Shares rose 56% last week and are now up 253% this year. And it is NOT a small company, at a hefty $50 billion market cap. GO ROBOTS!
Symbotic Inc. SYM
Investing should be so easy, especially in hindsight! SYM is a company involved in robotics, AI and automation. Do you think it had a good fiscal fourth quarter? It certainly did. It also gave a strong outlook and announced its first customer in the healthcare sector. Shares rose 56% last week and are now up 253% this year. And it is NOT a small company, at a hefty $50 billion market cap. GO ROBOTS!
Kohl's Corporation KSS Short sellers of Kohl's may be needing, um, some new pants.There is a 26% short interest in the company, but shares soared 56% last week as the company raised its sales guidance for the second time this year. A retailer of national brand clothing, KSS is bucking the trend of a US retail sales slowdown. Well, not really: sales are still expected to decline 3.5% to 4% for the year, but that is much better than what investors--and the short sellers--expected. Look for a gain in sales of undies next quarter as the short sellers go shopping and nurse their losses.
Short sellers of Kohl's may be needing, um, some new pants.There is a 26% short interest in the company, but shares soared 56% last week as the company raised its sales guidance for the second time this year. A retailer of national brand clothing, KSS is bucking the trend of a US retail sales slowdown. Well, not really: sales are still expected to decline 3.5% to 4% for the year, but that is much better than what investors--and the short sellers--expected. Look for a gain in sales of undies next quarter as the short sellers go shopping and nurse their losses.
Endeavour Silver EDR Endeavour had some news last week, selling an asset for $50 million. But that's not what moved the stock. A break-out in the price of silver, hitting all-time highs, caused most of the excitement. Shares rose 35% last week, and are now up 161% for the year. The company produced 3.04 million ounces of silver last quarter, up 88%. Silver, of course, is usually reserved for second place. But EDR clearly deserves a gold for this performance.
Endeavour had some news last week, selling an asset for $50 million. But that's not what moved the stock. A break-out in the price of silver, hitting all-time highs, caused most of the excitement. Shares rose 35% last week, and are now up 161% for the year. The company produced 3.04 million ounces of silver last quarter, up 88%. Silver, of course, is usually reserved for second place. But EDR clearly deserves a gold for this performance. 
Aya Gold & Silver Inc. AYA Not to be outdone, AYA, another Canadian precious metals company, rose 41% last week. It too joined the silver party, as the commodity is now up 95% for the year, its best performance since 1979. AYA reported strong intercepts at its Boumadine property in Morocco to keep the party going. Aya? More like Ye-haw!
Not to be outdone, AYA, another Canadian precious metals company, rose 41% last week. It too joined the silver party, as the commodity is now up 95% for the year, its best performance since 1979. AYA reported strong intercepts at its Boumadine property in Morocco to keep the party going. Aya? More like Ye-haw!
Burlington Stores Inc. BURL 
Usually in our Rockets and Duds we get lots of stocks which decline more than 20% for our report. Last week, for our screen of the 'DUDS' we found a total of ZERO shares with 20% or more loss on the week. BURL was about the best we can do, with a decline of 15% last week. Its third-quarter comparable sales rose 1%, but that missed expectations. It also offered a weak outlook. We guess everyone was shopping at Kohl's instead, obviously.
Usually in our Rockets and Duds we get lots of stocks which decline more than 20% for our report. Last week, for our screen of the 'DUDS' we found a total of ZERO shares with 20% or more loss on the week. BURL was about the best we can do, with a decline of 15% last week. Its third-quarter comparable sales rose 1%, but that missed expectations. It also offered a weak outlook. We guess everyone was shopping at Kohl's instead, obviously. 
Take Care,
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Analysts of 5i Research responsible for this report do not have a financial or other interest securities mentioned. The i2i Fund does not have a financial or other interest securities mentioned.
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