Morning Reads on Our Radar Screen

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

Keith McCullough – CEO

Live, From Congress, It's "Delivering Beta" With Ben Bernanke (via Zero Hedge)

China Won’t Have Large Stimulus This Year, Finance Minister Says (via Bloomberg … KM note: Hedgeye's call, precisely)

Barclays, Traders Fined $487.9 Million by U.S. Regulator (via Bloomberg … KM note: What's 1/2 a billion, amongst #OldWall friends?)

Seized N Korean ship: Cuban weapons on board (via BBC)

Olbermann Will Return To ESPN (via New York Times)

 

Morning Reads on Our Radar Screen - bbo

 

Christian Drake – Macro

Bernanke: Bond-Buying Plans Not 'A Preset Course' (via WSJ)

 

Todd Jordan – Gaming

Bally Sees Winning Hand In $1.3 Bil SHFL Buyout (via IBD)

 

Tom Tobin – Healthcare

Health Plan Cost for New Yorkers Set to Fall 50% (via New York Times)

Man battles health insurer for drug that could save his life (via Today Show)

 

Howard Penney – Restaurants

Janney Montgomery Scott Slashes Rating, Target on McDonald’s (via Dividend.com)

McDonald’s and Visa Conjure Fantasy Budget for Low-Wage Employees (via Daily Beast)

Teenager Wears Dirty Trousers as Late British Open Qualifier (via Bloomberg)

 

Kevin Kaiser – Energy

Linn Energy (LINE) and LinnCo (LNCO) upgraded to Buy at Goldman Sachs (via Business Insider … KK note: We reiterate Sell.)

 

Josh Steiner – Financials

BofA Beats Estimates as Profit Rises 63% on Expense Controls (via Bloomberg)

Housing starts fall to ten-month low (via Reuters)

 

Matt Hedrick – Macro

'Romanian gypsy ghettos. Schools filled with children who do not speak our language. A surge in crime. Social benefits abused': Now GERMANY admits mass immigration threatens 'social peace' (via Daily Mail)


Did the US Economy Just “Collapse”? "Worst Personal Spending Since 2009"?

This is a brief note written by Hedgeye U.S. Macro analyst Christian Drake on 4/28 dispelling media reporting that “US GDP collapses to 0.7%, the lowest number in three years with the worst personal spending since 2009.”

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7 Tweets Summing Up What You Need to Know About Today's GDP Report

"There's a tremendous opportunity to educate people in our profession on how GDP is stated and projected," Hedgeye CEO Keith McCullough wrote today. Here's everything you need to know about today's GDP report.

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Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

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GOLD: A Deep Dive on What’s Next with a Top Commodities Strategist

“If you saved in gold over the past 20 to 25 years rather than any currency anywhere in the world, gold has outperformed all these currencies,” says Stefan Wieler, Vice President of Goldmoney in this edition of Real Conversations.

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Exact Sciences Up +24% This Week... What's Next? | $EXAS

We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

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Inside the Atlanta Fed's Flawed GDP Tracker

"The Atlanta Fed’s GDPNowcast model, while useful at amalgamating investor consensus on one singular GDP estimate for any given quarter, is certainly not the end-all-be-all of forecasting U.S. GDP," writes Hedgeye Senior Macro analyst Darius Dale.

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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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