GHRA Partners with Alternative Data-Provider Alpha Hat

Gordon Haskett Research Advisors pic
Gordon Haskett Research Advisors
Image: gordonhaskett.com

For over two decades Chuck Grom has served in various positions in the financial sector. A senior investment analyst, Chuck Grom is a managing director at Gordon Haskett Research Advisors (GHRA) in New York.

On April 26, 2018, GHRA announced it was partnering with data platform Alpha Hat to augment its data analytics. Alpha Hat is an alternative provider of data for investors. It offers unique data sets such as real-time foot traffic in retail centers, restaurants, and hotels across the country. These are gathered from anonymized mobile GPS signals.

The new partnership makes GHRA Alpha Hat’s only sell-side partner. GHRA will use the insights delivered by Alpha Hat to enhance its fundamental retail research work. The additional data will supplement already existing data sets derived from credit card transactions, monthly consumer surveys, and proprietary pricing studies.

By combining alternative data with widely adopted financial information and key performance indicators, GHRA researchers will have better knowledge about retail company performances, which ultimately will help them improve investment returns.

Advertisements

Investors Skeptical of Walmart Online Retail Growth

 

Amazon versus Walmart pic
Amazon versus Walmart
Image: forbes.com

Chuck Grom is a respected presence on Wall Street who serves as managing director of Gordon Haskett Research Advisors and provides analysis of broadline supermarket and retail sectors. One topic that Chuck Grom was quoted on in CNBC involved a February 2018 plunge in the value of Walmart stocks.

The 13 percent drop followed the release of fourth-quarter financials, with the retail behemoth reporting slower than expected online sales growth. Having achieved a 50 percent increase in online sales the previous quarter, year-over-year sales were only 23 percent higher in the most recent quarter.

As Mr. Grom described it, the significant sales slowdown within the omnichannel retailer’s highly publicized e-commerce platform was “perplexing.” Walmart had made coordinated efforts to expand its online offerings and provide pick-up discounts for items not in stores, as well as two-day free shipping.

By contrast, Amazon was able to achieve e-commerce sales growth that approached 50 percent in the most recent quarter. Analysts noted that the “hyper-growth numbers” of Walmart’s previous quarters were likely tied to its acquisition of Jet.com.

Yankees Add Infield Insurance by Signing Neil Walker

 

Neil Walker pic
Neil Walker
Image: mlb.com

Drawing upon more than two decades as a Certified Public Accountant and financial analyst in the broadline and department store sector, Chuck Grom serves as a managing director with New York’s Gordon Haskett Research Advisors. Beyond his professional pursuits, Chuck Grom is a passionate fan of Major League Baseball’s (MLB) New York Yankees.

With top infield prospect Gleyber Torres struggling in spring training, the Yankees added insurance by signing veteran second baseman Neil Walker to a one-year, $5 million contract. Torres had only three hits in his first 23 at-bats in the spring and is expected to begin the year in the minor leagues. Walker, meanwhile, is a low-risk signing with nine years of big-league experience.

A 32-year-old native of Pittsburgh, Pennsylvania, he was selected 11th overall by the Pittsburgh Pirates in the 2004 MLB Amateur Draft and finished fifth in Rookie of the Year voting in 2010 after hitting 12 home runs to go along with a .296 batting average and 66 runs batted in (RBI). He played his first seven seasons with the Pirates and has since played for the New York Mets and Milwaukee Brewers. Through 1,060 career games, Walker has 130 home runs, 522 RBI, and a .272 batting average.

Move Away From Food Stamps Sends Dollar Store Stocks Down

 

Dollar Store pic
Dollar Store
Image: zerohedge.com

Chuck Grom is a respected Wall Street analyst who covers retail and department store sectors with Gordon Haskett Research. Recently quoted in a Yahoo finance article, Chuck Grom weighed in on the turbulence faced by dollar-store chains nationwide.

In February 2018, President Donald Trump unveiled a food stamp benefits plan that would cut cash payments, replacing them with packaged food. In a move designed to save the government $214 billion over the next 10 years, any household that receives in excess of $90 cash each month would instead receive food-aid packages the include peanut butter, meat, cereal, and shelf-stable milk.

This represents an unprecedented shift in the Supplemental Nutrition Assistance Program (SNAP). With more than 42 million people receiving SNAP benefits in 2017, many spent their food stamps at discount supermarkets such as Kroger, Walmart, Dollar Tree’s Family Dollar division, and Dollar General. Shoppers on a limited budget are a significant part of the stores’ customer base. As noted by Mr. Grom, approximately five percent of transactions are in the form of food stamp purchases.

The effects of a major reduction in SNAP food stamps include increased pressure on the most vulnerable in society. This, in turn, could hamper growth prospects of major chains such as Dollar General and Dollar Tree. The latter company’s stocks fell by 3.7 percent in reaction the news, while Dollar General lost nearly five percent.