It's Tuesday August 8th. Welcome to Market Fullry. I'm Chris Hill joining me in studio today from a million dollar portfolio of Jason Moser.

Thanks for me in here. Hey hey. Retail earnings.

Earnings Spalooza just chugs along and thank goodness because it gives us more to talk about.

So we're going to get into the apparel sort of fashion apparel retail in a moment, but let's start with online furniture and that of course

means Wayfair. Wayfair taking a little bit of a hit today, stock down around 8%, but help me understand

this. They had a loss for the second quarter, but it was smaller

than people were expecting. Their revenue grew nearly 50 percent from a year ago. This is a stock that had a great 2017, even with the drop today.

I'm not sure why people are selling this stock because Wayfair's doing what Wayfair has done for a while now.

Yeah, and they continue to do what they tell us that they're going to do.

And as you know, I always am a big fan of that.

I mean, the story with Wayfair is pretty simple. I mean it's a matter of how much slack the market's going to give this company as they continue to grow. I mean it's a good business. It's not a profitable business yet. And so that's sort of the near-term concern there.

But I mean there are signs certainly that at least in the near-term all of these investments

that are making in business are working and so to your question as to why the market might be selling

the stock today I think it's a combination of two things number one is that a very good

year thus far and whenever you have these businesses that aren't profitable yet

you have to kind of judge their valuation a bit

more subjectively right I mean valuation is an art in and of itself anyway

and I think probably the bigger concern is that they are forecasting some modest

profitability headwinds in the back half of the year as they continue to to

build out this business particularly on the international front but all at all I mean the

metrics are all still pointing in the right direction for these guys they're doing a

good job the stock is up even with the drop today stock is up more than 100%. I think it's around 110% gain for 2017.

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