Trade Tracker: Stephanie Link adds to Dick's Sporting Goods

Dick's Sporting Goods (DKS) Analysis - The stock is down 11% from its highs, presenting a potential buying opportunity [1] - Core business is performing well with same store sales at 57%, compared to 64% last year [1] - The company is increasing its market share [2] Foot Locker Acquisition - The acquisition of Foot Locker has been problematic, resulting in a charge [2] - The company is taking steps to right-size the Foot Locker business and improve inventory [2][3] - Turnaround of the Foot Locker franchise could lead to better-than-expected same store sales in the future [3] Consumer Spending Trends - Retail sales grew 57% last month, indicating strong consumer spending [4] - Credit card data shows accelerating spending, suggesting a positive outlook for the holiday season [4] GAP (GPS) Analysis - Analyst would consider buying back GAP stock if it declines by 3-5% [5] - GAP is trading at 11 times forward estimates [5] - GAP is delivering on comparable sales across most of its brands, with Athleta being an exception [6] - Old Navy, Gap brands, and Banana Republic account for 80% of GAP's revenue [6] - Analyst previously sold GAP stock after a 25% gain and would repurchase on a pullback, believing a turnaround is underway [7]