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Top Stock Picks for Week of July 11, 2022

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Dollar Tree Inc. DLTR is an operator of discount variety stores offering merchandise and other assortments. Shares of Dollar Tree have outpaced the industry in the past year on robust earnings surprise trend, which continued in first-quarter fiscal 2022. The company reported 10th straight quarter of earnings beat in the quarter. The also top line beat estimates and improved year over year. Results benefited from the completion of the $1.25 multi-price point initiative at the Dollar Tree stores, as well as robust margins, despite the increase in freight costs and SG&A expenses. Following the robust first-quarter fiscal 2022 performance, Dollar Tree raised its guidance for fiscal 2022 and provided a decent second quarter view. The company has no short-term debt obligations. Its long-term debt remained unchanged on a sequential basis.

Caleres, Inc. CAL is a footwear retailer and wholesaler.The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Investors in Caleres, Inc. need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 16, 2022 $2.50 Call had some of the highest implied volatility of all equity options today.  Clearly, options traders are pricing in a big move for Caleres shares. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none have revised their estimates downward. Given the way analysts feel about Caleres right now, this huge implied volatility could mean there’s a trade developing.


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