Frequently ranked as a top-tier analyst, Chuck Grom joined Gordon Haskett Research Advisors (GHRA) as senior analyst and managing director in February 2017 to initiate retail sector coverage and assist in developing a consumer boutique at the firm. Chuck Grom is supported in providing a distinct group of product offerings by a senior team backed by exclusive data assets.
With offices in New York City, Greenwich, Connecticut, and Madison, New Jersey, GHRA is an independent research boutique whose exclusive platform enables analysts to have complete independence fully backed by the highest level of compliance, IT and back-office support, an experienced trading desk, and assigned senior sales individuals. This is all achieved in an environment that is free from the conflicts that are usually associated with larger firms.
GHRA’s teams comprise Event-Driven Research, Insurance Research, and Retail Research. Gordon Haskett Capital Corp. is its capital markets affiliate providing customized trading coverage and advanced execution options. It does not participate in principal trading, and clears through NFS (Fidelity). GHRA is a member of SIPC, FINRA, and NYSE Euronext.
Throughout his 20-year career, Chuck Grom has conducted stock market research and analysis for some of New York’s most prominent financial institutions, including Deutsche Bank and JP Morgan. When he isn’t working, Chuck Grom enjoys playing and watching golf.
American golfer Jordan Spieth earned a sense of redemption on July 23, when he won the 146th Open Championship and became just the second man to win three different major championships before turning 24 years old. The year prior, at Augusta, Spieth blew a five-stroke lead in the last nine holes, allowing England’s Danny Willett to wear the green jacket as The Masters champion. Spieth entered Sunday’s final round of The Open Championship with a three-stroke lead, but trailed by one after 13 holes.
Instead of crumbling under the pressure as he did a year ago at The Masters, Spieth shot an impressive five under par in the final five holes to secure the Claret Jug by a three-stroke victory over fellow American Matt Kuchar. The only major title Spieth hasn’t won is the PGA Championship, which takes place in August. Should Spieth win that tournament, he’ll become only the sixth player to win all four majors.
A former managing director for CRT Sterne Agee, Chuck Grom joined Gordon Haskett Research Advisors in February of 2017. In his role with the firm, Chuck Grom provides analysis for broadline and department store stocks such as Wal-Mart, Costco, and Target.
Following four straight quarters in which it experienced a decline in sales, Target’s fortune appears once again to be on the rise. The Minneapolis-based company anticipated another slight decline in the second quarter of 2017, but is now predicting a modest increase in sales. Additionally, it expects second-quarter profit to be roughly $1.15 per share as opposed to its original estimate of $0.95. Consequently, in mid-July, shares rose over four percent to more than $53.
Target faces tough competition from Wal-Mart and the online marketplace, but the recent figures are encouraging for the company, which has focused on improving customer experiences online and in stores as well as promoting its exclusive brands. Target’s CEO, Brian Cornell, lauded the success of Cloud Island, a brand which offers nursery decor, and noted the company plans to roll out four more exclusive home and clothing brands in the near future.