Why Target, Universal Health Services, MasTec, HollyFrontier, Standard Motor Products, And Allison Transmission Look Good Post Earnings

Why Target, Universal Health Services, MasTec, HollyFrontier, Standard Motor Products, And Allison Transmission Look Good Post Earnings

Clock with words Time to BUY. Business time. Buy and sell concept. Investment strategy. Stock market ... [+] trade 3d illustration. After affirming my long thesis on three of the "See Through the Dip" stocks last week, I'm reiterating six more Long Ideas post recent earnings reports. Target Corporation (TGT), Universal Health Services, Inc. (UHS), MasTec Inc. (MTZ), HollyFrontier Corp (HFC), Standard Motor Products (SMP), and Allison Transmission Inc. (ALSN) are this week's Long Ideas. My firm leverages more reliable fundamental data, proven in The Journal of Financial Economics[1], with qualitative research to highlight firms whose stocks present excellent risk/reward. Figure 1 shows the performance of the six Long Ideas featured in this report. I made Target a Long Idea in April 2015 and reiterated it in June 2019. Here's what I learned from the 4Q20 earnings report and why I still like this stock. What's Working: For years, bears believed Target's brick-and-mortar presence would hinder its ability to gain market share. However, Target leverages its physical stores as the centerpiece of its omni-channel distribution strategy, and it is working. Target grew revenue by 19% year-over-year (YoY) in 2020, which was driven by a strong e-commerce business that adapted to