Research Notes: 4 Big Movers

A look at long and short ideas following earnings

Highlights:

• The bull case for PACK took some time to play out, but the Q4 report suggests a return to growth.

• JMIA looks awful fundamentally. But new management has opened a path to upside.

• WOOF might be a zero — and that might be good news for a key competitor.

• After an ugly quarter from VFC, a key question hovers over the case for a turnaround.