Chewy Inc (NYSE:CHWY) stock has been trending lower since its June 6, two-year high of $48.62, but maintains a healthy 51.3% year-over-year lead. A rebound might soon be in the cards, too, as the security is now trading within striking distance of a historically bullish trendline.Per Schaeffer's Senior Quantitative Analyst Rocky White, Chewy stock's recent pullback placed it within one standard deviation of its 260-day moving average. The equity was above this trendline in at least eight of the last 10 trad ...

Core Viewpoint - Lululemon Athletica Inc. shares are experiencing a selloff that began on June 5, but the stock may be nearing a rebound due to being oversold and at a support level [1] Group 1: Stock Performance - Lululemon shares have continued to trade lower, indicating a lack of demand with more shares available for sale than buyers [2] - The stock has reached a support level at approximately $227, where it previously found support, suggesting a potential for recovery [3][5] - Remorseful sellers from August who sold around the $227 level are likely placing buy orders now, contributing to the current support [4][5] Group 2: Technical Indicators - The stock is currently in an oversold condition, as indicated by the Relative Strength Index (RSI) being below the horizontal line [6] - The Fisher Transform indicator also shows oversold conditions, and a potential reversal could occur if the red line crosses above the black line [7]

Core Viewpoint - United Parcel Service (UPS) stock is currently trading at deep value levels, presenting a generational buying opportunity, as confirmed by Q1 results which indicate that market fears were overreactions [1][5] Financial Performance - UPS reported a -0.9% revenue decline in Q1, primarily due to a nearly 15% contraction in Supply Chain Solutions linked to a divestiture, although core businesses are growing [8] - The U.S. segment grew by 1.4%, while the international segment saw a 2.7% increase driven by a 7.1% rise in average daily volume [9] - Adjusted earnings increased by 4.2% year-over-year to $1.49, significantly exceeding analysts' forecasts by nearly 800 basis points [11] Market Sentiment and Analyst Outlook - Analyst sentiment has shifted from Moderate Buy to Hold, with a consensus price target forecasting a 30% upside from the current trading price near $97 [5] - The stock is trading at a nearly 50% discount to the broader market and under 8X its 2023 EPS forecast, indicating potential undervaluation [6] Institutional Activity - Institutional activity reached a multi-year high in Q1, contributing to market volatility but remained net bullish by the end of the quarter, providing substantial support with ownership above 60% [7] Capital Return and Dividends - UPS has a significant capital return strategy, including dividends and share repurchases, with a reliable annual yield of over 6% and a payout ratio of approximately 60% [12] - Share repurchases reduced the share count by roughly 0.8% year-over-year in Q1, indicating a commitment to returning value to shareholders [12] Margin Improvement - The company has seen steady improvement in operating margins due to transformation efforts, with a 20 basis points improvement in Q1 despite macroeconomic challenges [10] - CFO Brian Dykes anticipates reaching a $3.5 billion target for margin improvement by year-end [11] Balance Sheet Health - Despite the impact of the divestiture, UPS maintains a healthy balance sheet with low leverage relative to equity and assets, suggesting potential for future distribution increases [13]