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

Keith McCullough – CEO

New home sales hit five-year high, prices soar (via Reuters)

Criminal Indictment Is Expected for SAC Capital Advisors (via DealB%K)

What does it take to be wealthy? $5 million (via CNNMoney)

Clashes in Mexico's Michoacan state leave 22 dead (via BBC)

Morning Reads on Our Radar Screen - bullbear

Jay Van Sciver – Industrials

CATastrophe: Why Caterpillar, Inc. is a Strong Sell (via thelongshorttrader)

Caterpillar cuts outlook on lower sales, plans more cost cuts (via Reuters)

Daryl Jones – Macro

Jim Cramer's TheStreet Facing Hostile Takeover by Spear Point (via Benzinga)

Tom Tobin – Healthcare

Fewer Hospitals May Lead to Higher Prices (via Time)

Josh Steiner – Financials

Nasdaq Profits Fall, Missing Estimates; Declares Dividend (NDAQ) (via Dividend.com)

Howard Penney – Restaurants

Panera cuts 2013 view after restaurant sales miss target (via Reuters)

Brian McGough – Retail

Iconix 2Q profit up, lifts 2013 profit outlook (via AP)