Director and Senior Analyst at Mizuho Americas David Bellinger joins Market Domination hosts Josh Lipton and Julie Hyman to share insights on stocks like Home Depot, Lowe’s (LOW), and Tractor Supply (TSCO).
He highlights Tractor Supply’s “Chick Days” promotion, a potential benefit in light of current egg price trends.
“So all this egg-flation hysteria that’s out there, you don’t think Tractor Supply is the beneficiary right away. But, when you peel it back, we think they’re going to have a nice Q1, Q2 here because of this dynamic,” Bellinger says.
“What it does, it gets you in the store. It gets a lot of new traffic. You do have people who are latching on to this backyard chicken craze and trying to get their own eggs,” he adds.
Bellinger credits the promotion’s success, saying, “We think it’s coming, but we do still think it’s sort of this sneaky positive for the business.”
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This post was written by Josh Lynch
