GIL: Adding Gildan Activewear to Investing Ideas (Short Side)

05/17/22 03:53PM EDT

Hedgeye CEO Keith McCullough is adding Gildan Activewear (GIL) to the short side of Investing Ideas. Below is a brief note.

Here's another disaster stock that's just getting started in terms of it signaling Bearish @Hedgeye TREND...

Coaching Notes:

  1. Look for names that just reported #slowing this month (YETI, GIL, etc.)
  2. Look for Bullish to Bearish TREND reversals with big 3yr look backs 
  3. Look both ways (and down at your feet) before you cross a bear's path

Retail analyst Brian McGough remains bearish on Gildan (GIL) after being bullish for most of the bull run. See his Retail Pro research product on why (including high Cotton prices),

KM

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