Morning Reads on Our Radar Screen

Takeaway: A quick look at some stories on the Hedgeye team's radar screen.

Keith McCullough – CEO

They said the sequester would be scary. Mostly, they were wrong. (via Washington Post)

Europe and Japan show signs of stabilizing, but China slides (via Reuters)

Police clashes at start of Brazil Confederations Cup final (via BBC)

 

Morning Reads on Our Radar Screen - earth2

 

Howard Penney – Restaurants

11 Worst Burgers in America (Note: Chili’s burger has 1,910 calories; Red Robin burger has 1,254! .. via Men’s Health)

Groupon Pivots Further From Daily Deals With Upscale Restaurant Reservations (via Mashable)

 

Tom Tobin – Healthcare

US childbirth is uniquely expensive, study says (via Boston Globe)

 

Daryl Jones – Macro

Autos Sales in June Stayed on Best U.S. Pace Since 2007 (via Bloomberg)

Simons Strategy to Shield Profit From Taxes Draws IRS Ire (via Bloomberg)

 

Josh Steiner – Financials

Bank of America suit under scrutiny of settlement watchdog (via Charlotte Observer)

Banking on scams: Money laundering is on rise (via New York Post)

 

Kevin Kaiser – Energy

Oil and gas explorers seek investor favour (via Financial Times)

 

Matt Hedrick – Macro

Private Banks Leave Switzerland as End of Secrecy Hurts (via Bloomberg)

DenizBank completes the acquisition of the Citibank's Turkey Consumer Business (via 4-traders)


Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

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People's Bank of China Spins China’s Bad-Loan Data

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

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UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

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Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

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Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

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An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

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Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

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REPLAY: Review of $EXAS Earnings Call (A Hedgeye Best Idea Long)

Our Healthcare Team made a monster call to be long EXAS - hear their updated thoughts.

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Capital Brief: 5 Things to Watch Right Now In Washington

Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.

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Premium insight

[UNLOCKED] Today's Daily Trading Ranges

“If I could only have one thing of the many things we have it would be my daily ranges." Hedgeye CEO Keith McCullough said recently.

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We'll Say It Again: Leave Your Politics Out of Your Portfolio

If your politics dictates your portfolio positioning, the Democrats and #NeverTrump crowd out there have had a hell of a week.

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Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

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