EP214 - Stifel Managing Director Scott Devitt on Covid-19  Episode 214 is an interview with Scott Devitt, Managing Director of Internet Equity Research at Stifel, in which we discuss the potential economic impacts of Covid-19. In this interview, we discuss the travel, hospitality, and e-commerce industries, with a deep dive into some of the factors that will impact Amazon. To receive Scotts research and analysis, send an email to him devitts@stifel.com and ask to be added to his distribution list. Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 214 of the Jason & Scot show was recorded live on Thursday, April 2nd, 2020. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 214 being recorded on Thursday April 2nd 2020 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Scot W: [0:38] Hey Jason and welcome back Jason Scot show listeners hopefully everyone is surviving their quarantining and shelter in place and Jason and Times of Crisis like this I find I get really down in the weeds it’s kind of just pulled out plow through everyday grind it out but sometimes it’s helpful to talk to folks that work at a higher level they’re seeing a broader spectrum of not only companies but Industries and then the macro environment and the best place to look for that is Wall Street So to that end we are excited to have one of the top internet analysts on the show Scot debit Scot is managing director of Internet equity research at stifel welcome to the show Scott. Scott D: [1:21] Hey guys thanks for having me. Jason: [1:23] We are thrilled to have you Scott other than the fact that I am now feeling outnumbered to Scotts to only one Jason. Scot W: [1:30] Yes the between the three of us we have two of us we have three teas. Jason: [1:34] Yes the S is are also popular so it’s got a tradition on the show we always like to start getting a little background about the guests so could you tell us a little bit about your background and then what your your area of focus or your role is its default. Scott D: [1:47] Sure sell-side analysts and cover the consumer internet sector. Mostly u.s. space companies and the sub sectors include e-commerce you know so Amazon that’s see Peloton the real Railway fare Stitch fix but we also cover Alibaba and JD in China and then their digital names include Netflix and alphabet we also Cover online travel and the ride-sharing companies as well. Jason: [2:20] That’s awesome and have you always been a cell size analyst or how did you how did you come to the veal. Scott D: [2:27] Sure I worked in industry for a few years mostly at Dell after graduate school and then for the better part of the past 20 years I’ve been I’ve been in this role started out as an associate analyst working for a senior analyst back in 2000 and then it kind of worked my way into the into the role shortly thereafter we cover my team covers about 35 companies in total us internet. Scot W: [2:56] Pickle so your Universe for kind of folks on the phone so on the e-commerce side you have Amazon Ali Baba at see everywhere you put Peloton there’s that e-commerce you think of it I guess I think of it as a digital native brand. Real real Wayfarer Stitch fix and then you also cover Netflix you mentioned all that Google. JD JD on your list. Scott D: [3:21] GD GD booking Expedia Uber Lyft yes. Scot W: [3:25] Yep and we’re looking cool let’s start at the big picture and then we’ll kind of peel the onion as we go as it were. So clearly this pandemic were as a recording this the jobless claims came out six million new jobless we’re going to clearly, but the eco