DLTR - Dollar Tree Stock: Let It Fall Then Do Some Buying

2024-03-13 11:35:52 ET

Summary

• Dollar Tree, Inc. stock has become expensive, but a trade opportunity arises as the stock corrects following "disappointing" earnings.
• The company has undergone transformations and continues to grow, with sales increasing and gross profit expanding.
• The guidance for 2024 missed expectations slightly, leading to a drop in stock price, but it may be a good time to buy for the future.
• We outline the play for your consideration.

Dollar Tree, Inc. (DLTR) stock has gotten expensive again, making a great run with this killer market. The increases in equity investments have been powerful, and we have been pegging some of the best winning ideas over the last few quarters. Today, Dollar Tree is catching our eye, with modest conviction, and we wanted to share this idea with our followers....

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