REMOVE: Long Canadian Pacific Railway (CP)
ADD: Hershey (HSY) to the Short Side
Commentary below from Keith within "Real-Time Alerts" delivered to #HedgeyeNation today.
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Hershey (HSY) I've been waiting, patiently, for this Staples SELL Idea to bounce towards the TRR (top-end of the Risk Range)... Coaching Notes: 1. We got that during the 2-day bounce in US Equity Beta (that failed this morning) 2. From a Macro Perspective, this is a good way to play #HFL (higher for longer) on INFLATION 3. Cocoa prices are inflating another +4% today to an eye-watering +258% year-over-year and HSY is going to have to deal with that INFLATION in their cost of goods, KM |
