Dana Telsey — CEO and Chief Research Officer, Telsey Advisory Group (2 trade ideas)

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Date Ticker Direction Thesis Source
Feb 17, 2026
WMT /TJX /GPS /RL /FIGS
LONG * WMT: Described as "the best out there," seeing sales growth and expected margin upticks in 2026. * TJX: Aggressively opening stores (100/year) with strong marketing; off-price model fits the current consumer. * GPS: "The Gap is back." New creative direction has successfully blended product and marketing; stores are being updated. * RL/FIGS: Ralph Lauren raising unit prices successfully; FIGS gaining brand awareness via Team USA/Olympics partnership. In a "K-shaped" economy, capital flows to two places: massive scale/value (WMT, TJX) and brands with high heat/momentum (GPS, RL). These companies have proven execution in the current macro environment. LONG (Quality/Momentum). General consumer spending slowdown; supply chain disruptions from tariffs. Bloomberg Markets
Apple Ramps Up Wearables for AI Era | Bloombe...
Feb 17, 2026
TGT /LULU /NKE
WATCH * TGT: Struggling to win in discretionary categories; historically 60% discretionary, now reversed. Needs to prove it can win back "treasure hunt" shoppers. * LULU: Facing product quality issues (see-through leggings) and needs a "reinvention" cycle. * NKE: In the "middle innings" of a turnaround; needs to put actual wins on the board before being a buy. These former darlings are currently "show-me" stories. Until they demonstrate consistent product wins or margin stabilization, they are value traps compared to the winners (WMT/GPS). WATCH (Wait for earnings confirmation). Turnarounds happen faster than expected; oversold bounce. Bloomberg Markets
Apple Ramps Up Wearables for AI Era | Bloombe...