• The Coffee trade continues - CBOU, GMCR, PEET and KKD continue to power ahead on good volume
  • JACK sales remain down - LA Times - The article talks largely to analysts and notes that the company's attempts to attract a slightly wealthier client base might actually backfire.  Maybe the LA Times should be talking to analysts that know that they are talking about, because the strategy is not to go after wealthier client base.  Here are the comments from the CEO speaking at the latest conference “Lastly I want to reiterate that our number one priority this year is to drive sales and traffic at Jack in the Box through investments we made to enhance our food, service and facilities. We recognize that these investments may depress margins in the near-term but should build sales and brand loyalty over the longer term. To recap the steps we are taking, we are investing resources to improve many of our top-selling core products and continuing to emphasize both premium products and value promotions in our marketing calendar. We're investing resources to improve the guest service by delivering a more consistent experience. And Phase two of this system-wide plan is focusing on improving speed of service and other key drivers of guest satisfaction.”
  • Yesterday, BWLD was added to short term buy list at Deutsche Bank
  • THI is still MUM on CEO’s departure; down for the second day on accelerating volume
  • MCD was weak in a strong tape…..  If the USA prints a 3% SSS for the month of May that suggests traffic is slowing
  • Overall Casual Dining had a great day yesterday
  • RRGB - The good news is getting baked in
  • CAKE - Up on strong volume and Im negative
  • RUTH and EAT (two names I like) were up on strong volume
  • Corn prices rose for a second day Thursday on concerns that heavy rains could hurt this year's harvest.  Corn rose 0.4%, while wheat rose 2.3% and soybeans rose 0.6%. Wet weather in parts of the Midwest has made it difficult for farmers to plant corn, even as demand remains high around the globe. 
  • Google has partnered with MasterCard and Citi in its Wallet application, which is designed to be a combination credit card, rewards program and coupon case when customers tap their smartphones at the register. Also on hand were Google's posse of retail and restaurant partners, including Subway, American Eagle and Macy's, which will enable Wallet payments and offers when the platform launches this summer. 




Howard Penney

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

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Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

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A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

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Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

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Europe's Battles Against Apple, Google, Innovation & Jobs

"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”

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An Open Letter to Pandora Management...

"Please stop leaking information to the press," writes Hedgeye Internet & Media analyst Hesham Shaaban. "You are getting in your own way, and blowing up your shareholders in the process."

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A 'Toxic Cocktail' Brewing for A Best Idea Short

The first quarter earnings pre-announcement today is not the end of the story for Mednax (MD). Rising labor costs and slowing volume is a toxic cocktail...

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Energy Stocks: Time to Buy? Here's What You Need to Know

If you're heavily-invested in Energy stocks it's been a heck of a year. Energy is the worst-performing sector in the S&P 500 year-to-date and value investors are now hunting for bargains in the oil patch. Before you buy, here's what you need to know.

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McCullough: ‘My 1-Minute Summary of My Institutional Meetings in NYC Yesterday’

What are even some of the smartest investors in the world missing right now?

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Cartoon of the Day: Political Portfolio Positioning

Leave your politics out of your portfolio.

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Jim Rickards Answers the Hedgeye 21

Bestselling author Jim Rickards says if he could be any animal he’d be a T-Rex. He also loves bonds and hates equities. Check out all of his answers to the Hedgeye 21.

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Amazon's New 'Big Idea': Ignore It At Your Own Peril

"We all see another ‘big idea’ out of Amazon (or the press making one up) just about every day," writes Retail Sector Head Brian McGough. "But whatever you do, DON’T ignore this one!"

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