Hedgeye House Call - The Doctor is in
On Monday’s Hedgeye House Call, we will cover:
- Evidence of Pent- Up Demand | Recent survey results create evidence that COVID-19 fears are fading fast following the successful roll- out of the vaccine in the US. With these outcomes, we are also beginning to see the first signs of our pent- up demand thesis [finally] emerging. While well underway for other sectors, the re- opening looks to have only just begun for health care. On Monday, we will show the data from the survey and use it to contextualize our call with GDRX management following their earnings release, which included a number of key insights into their print and the way to model the company going forward.
- Optometrist to Benefit from Results | While the freeing up of pent- up demand will benefit a number of our active positions such as FAII, GDRX, and NTRA, we will focus on the specific impact on optometrists visits this week. Using the NAICS code for customer traffic into “Offices of Optometrists” from the CDC’s mobility data, we have found a useful indicator which should be a read through for EYE. On the call, we will walk through the initial hit to vision care and substantial backlog, followed by the trend we are tracking.
- Weekly MQ Update – Done Earnings | While we know it will take some time to convert believers, the MicroQuads did some impressive signaling both factor-wise and thematically throughout the first quarter, reflected by both results and commentary presented during the earnings season. We are looking forward to touching base with clients over the coming weeks to discuss the work we have done on these names and positioning going forward. The second half is coming quickly!
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Hedgeye House Call | Evidence of Pent- Up Demand, Optometrist to Benefit from Results, Weekly MQ Update Please join us on Monday, May 24, 2021 @ 2 PM ET - Add to Outlook Calendar Health Care Subscribers: CLICK HERE for event details (including video and materials links) |
Upcoming calls & Recent EVENTS
Chart Factory | COVID-19 Fears Fading Fast
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Field Notes | ArcherDX Checks | It's Great for Fusions & Indels, Not Liquid Biopsy
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Chart Factory | EYE | Optometrist Office Visits Trend Higher in May
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Executive Insights | May 26 @ 2:00 PM ET | The Evolution of the Orthopedic Practice
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DRIO | Real A.I., Real Pipeline, Real Path Back to $30+
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AMWL | Moving to the Bench | After the Wheels Fall Off, Stop Driving
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Hedgeye House Call | The Doctor is In | May 17th, 2021 @ 2 PM ET | ONEM, EYE, AMWL, GDRX, DRIO, MQ's
CLICK HERE for event details (includes video link and materials link).
All data available upon request. Please reach out to with any inquiries.
Thomas Tobin
Managing Director
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