Cleveland Research Company

Meet our next intern spotlight: Varuni Chopra, an equity research intern working alongside one of our technology teams. Varuni is a Northeast Ohio native, growing up just outside of Cleveland in North Royalton. She currently attends the Georgia Institute of Technology with majors in data analytics and industrial engineering. Though initially unfamiliar with the equity research industry, Varuni is excited to dive into her team’s coverage and connect with everyone across the firm. Varuni stays active in her free time, often playing volleyball, running, or lifting. She was even a member of Georgia Tech’s dance team this past year! She also enjoys exploring Cleveland with friends. Best of luck this summer, Varuni!

JUST IN: 2024 Mid-Year Home Improvement Webinar 🏠 Join CRC on Tuesday, June 18 at 11:00 am ET when we discuss key trends across the homecenter industry. We're also teaming up with our own Consumer Insights Team to leverage our group's extensive data points to enhance your business strategy and maximize success at PLRs over the next 6-12 months. Key topics include: - Macro and housing headlines - Consumer engagement and preferences - Real-time insights on traffic from historical peak weeks - CRC’s updated homecenter outlooks - Opportunity to efficiently prep for 2H PLRs and category reviews Register today ⤵️

📢 Cautious tone on the consumer from the Five Below CEO today: “𝘤𝘰𝘯𝘴𝘶𝘮𝘦𝘳𝘴 𝘸𝘦𝘳𝘦 𝘮𝘰𝘳𝘦 𝘥𝘪𝘴𝘤𝘦𝘳𝘯𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦𝘪𝘳 𝘥𝘰𝘭𝘭𝘢𝘳𝘴, 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨𝘭𝘺 𝘣𝘶𝘺𝘪𝘯𝘨 𝘵𝘰 𝘯𝘦𝘦𝘥…𝘸𝘦 𝘴𝘢𝘸 𝘵𝘩𝘪𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘵𝘺𝘱𝘦𝘴 𝘰𝘧 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴 𝘵𝘩𝘦𝘺 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘦𝘥, 𝘤𝘩𝘰𝘰𝘴𝘪𝘯𝘨 𝘮𝘰𝘳𝘦 𝘪𝘵𝘦𝘮𝘴 𝘪𝘯 𝘤𝘰𝘯𝘴𝘶𝘮𝘢𝘣𝘭𝘦 𝘤𝘢𝘵𝘦𝘨𝘰𝘳𝘪𝘦𝘴, 𝘴𝘶𝘤𝘩 𝘢𝘴 𝘤𝘢𝘯𝘥𝘺, 𝘧𝘰𝘰𝘥 𝘢𝘯𝘥 𝘣𝘦𝘷𝘦𝘳𝘢𝘨𝘦, 𝘣𝘦𝘢𝘶𝘵𝘺, 𝘢𝘯𝘥 𝘏𝘉𝘈…𝘵𝘩𝘦 𝘲𝘶𝘢𝘳𝘵𝘦𝘳 𝘴𝘰𝘭𝘪𝘥𝘪𝘧𝘪𝘦𝘥 𝘵𝘩𝘢𝘵 𝘤𝘰𝘯𝘴𝘶𝘮𝘦𝘳𝘴 𝘢𝘳𝘦 𝘧𝘦𝘦𝘭𝘪𝘯𝘨 𝘵𝘩𝘦 𝘪𝘮𝘱𝘢𝘤𝘵 𝘰𝘧 𝘮𝘶𝘭𝘵𝘪𝘱𝘭𝘦 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘤𝘳𝘰𝘴𝘴 𝘮𝘢𝘯𝘺 𝘬𝘦𝘺 𝘤𝘢𝘵𝘦𝘨𝘰𝘳𝘪𝘦𝘴, 𝘴𝘶𝘤𝘩 𝘢𝘴 𝘧𝘰𝘰𝘥, 𝘧𝘶𝘦𝘭, 𝘢𝘯𝘥 𝘳𝘦𝘯𝘵, 𝘢𝘯𝘥 𝘢𝘳𝘦 𝘵𝘩𝘦𝘳𝘦𝘧𝘰𝘳𝘦 𝘧𝘢𝘳 𝘮𝘰𝘳𝘦 𝘥𝘦𝘭𝘪𝘣𝘦𝘳𝘢𝘵𝘦 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦𝘪𝘳 𝘥𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯𝘢𝘳𝘺 𝘥𝘰𝘭𝘭𝘢𝘳𝘴” 💲 📈 When you combine the comments above with the reality that 𝐀𝐦𝐚𝐳𝐨𝐧 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐟𝐨𝐫 ~40% of the incremental growth in Retail last quarter, it emphasizes the existential importance of having a profitable growth strategy for the Amazon account. Cleveland Research Company

Our next intern spotlight goes to Lucy Chapman, an equity research intern working on our life sciences team. Lucy grew up all the way on the West Coast in Santa Barbara, California. She currently attends Wheaton College with majors in economics and philosophy with a minor in chemistry. She first learned about CRC when our CEO, Eric Bosshard, spoke at a Wheaton career event (which is also his alma mater). This summer, Lucy is excited to be challenged throughout the internship program and find community here in Cleveland. Lucy’s hobbies include exploring new places, connecting with family and friends, and perfecting her recipes. A fun fact about Lucy is that she lived with a Mandarin speaking family for 7 months to learn the language. Best of luck this summer, Lucy!

Registration is now open for CRC’s 2024 Walmart Forum in Rogers! Join us on Thursday, October 10 when we bring together our community of suppliers to share insights across Walmart's business. Similar to years past, we'll explore the company's competitive positioning, covering all aspects of Walmart's sales, marketing, and supply chain. There will be several networking opportunities – including our welcome reception the evening before the event on Wednesday, October 9. Learn more and register today ⏩ https://lnkd.in/gcAfTwDK

CRC is headed out west... We're hosting the 2024 Foodservice Forum in Denver! Join our team at the Hilton Denver City Center on Wednesday, September 18. Located at the heart of the Mile High City, this hotel is within walking distance to the 16th Street Mall, a popular stretch for dining, nightlife and shopping. Who's ready to see the Rockies?! ⛰️ We're still finalizing the Forum's full agenda, but like years past, you can expect cutting-edge presentations, panel discussions, and plenty of time to network with leaders across the industry. Learn more and register:

📣 Applications are open for our 2025 summer internship program! CRC’s internship program is uniquely designed to give students a comprehensive understanding of the role of an analyst. Interns have the opportunity to make a real impact on their assigned teams and the entire research firm. 📝 Hands-on experience includes: - Developing client relationships - Gathering & analyzing proprietary research - Writing reports for institutional money manager clients - Engaging with our internal sales force ⭐ Perks include: - Furnished apartment in downtown Cleveland - Company events & happy hours - Mock portfolio competition - Client meeting travel - And more! 🚀 Ready to kick-start your career? Apply today:

CRC’s summer internship program is in full swing, and we’re excited to introduce our 2024 interns! First up is Steven Ball, an equity research intern working with Cooper Rea and Austin Jones on one of our technology teams. Steven grew up just 10 minutes outside Wheaton College, where he’s majoring in business and economics. Steven is also a member of Wheaton’s football team. He discovered CRC when our CEO, Eric Bosshard, spoke in his Principles of Management class. This summer, Steven is eager to learn from his team and connect with more people across the firm. In his free time, Steven enjoys spending time with his family and friends, golfing, or looking for a new place to travel. You might not know that he has served communities in Uganda and Ecuador during mission trips with his football team. Best of luck this summer, Steven!

Since 2021, Cleveland Research Company has led a group of students in determining how to invest a $100,000 gift. The program hosts monthly sessions with representatives from CRC, teaching students about investments, financial literacy, and making decisions on how Saint Martin will invest the money. The inaugural cohort from the Class of 2024 celebrated their success as they grew their investment portfolio from $30,000 to $40,461. Over the past 3 years, this cohort has made real investment decisions, collectively deciding on stocks to purchase and sell to yield the final amount. These 29 seniors received the investments and earnings as a $1,400 college scholarship per student. Thank you Cleveland Research Company for your partnership with Saint Martin over the last 11 years through the Corporate Work Study Program and for taking your dedication to our student’s futures a step further through your commitment to this investment program. 

Don't forget to sign up for CRC's Quarterly Travel Insights Webinar. Join us on Thursday, May 23 when Vince Ciepiel, CFA and Matthew Varabkanich discuss important themes shaping the travel industry. March and April fell short of budget expectations due to factors like Easter timing, the solar eclipse, and lower-than-expected spring break demand. Despite slight growth from Q1 to Q2, revenue managers remain concerned about the improvement in revenue per available room over the next six months. This #webinar will dive into these trends and uncover key drivers behind current #travel market dynamics. Register today: