Hedgeye CEO Keith McCullough is adding PACCAR (PCAR) to the long side of Investing Ideas. Below is a brief note.
The best part about a Go Anywhere strategy... is that we can go anywhere!
Selling-SOME of our fav greens and buying things on red is what we want to be doing as SPY inches closer to the top-end of my Risk Range...
PACCAR (PCAR) had a good quarter, breaking out on #accelerating volume. It's correcting today on #decelerating volume.
Here's a good summary excerpt from Industrials analyst Jay Van Sciver's Industrials Pro research product #subscribe:
|
PCAR | Rebounding For Good Reasons The truck industry should undergo a major structural change this quarter with the spin-off of Daimler Truck. We expect Daimler to seek higher margins via pricing. Hints of that are seen in the delays for opening build slots for 2022. If we are reading that correctly, we think PCAR and Volvo are straightforward beneficiaries. |
Buying on red is what we do,
KM