Hedgeye CEO Keith McCullough is adding Revolve Group (RVLV) to the short side of Investing Ideas. Below is a brief note.
Waiting on bear market bounces is a big part of The Game...
Most people who have neither accurately called for a crash nor been able to risk manage one have no idea how to do this. You do.
During a bear's bounce here are 3 things to look for:
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1. The color green 2. Bearish @Hedgeye TRADE and TREND Signals 3. Bouncing on #decelerating volume |
Revolve Group (RVLV) passes that 3 factor test. It's also another one of Retail analyst Brian McGough's beauties, on the short side.
Here's a quicky on why from his Retail Pro research product (subscribe!):
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Revolve (RVLV): Taking Higher on Best Idea Short list. Putting this one ahead of Best Buy in the #3 spot (behind Wayfair and Etsy). The short has worked by 15% thus far in the month since we added it to our Best Idea short list, but there’s much more downside to come. We think this is as close to the next SFIX (which we shorted from $80 to its current $19) as we can find in apparel retail. |
KM
