Morning Reads on Our Radar Screen

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

Keith McCullough – CEO

Alpha Hunter James Rickards on Gold and the U.S. Dollar (via All About Alpha)

Sales of U.S. Existing Homes Rise to Highest Since 2009 (via Bloomberg)

Indian stocks plunge 11% in a month (via CNNMoney)

Syria conflict: 'Chemical attacks' kill hundreds (via BBC)

 

Morning Reads on Our Radar Screen - bullbear

 

Daryl Jones – Macro

Abandoned Dogs Roam Detroit in Packs as Humans Dwindle (via Bloomberg)

 

Jonathan Casteleyn – Financials

Goldman’s Options Error Shows Peril Persists After Knight (JC note: A $100 MM loss has a small impact on $GS - would be just $0.71 per share on a tangible book value of $140 per share  via Bloomberg)

Bond Trading Hampered as Buyers Retreat to Crowded Exits (JC note: Bond market illiquidity is a huge risk for fixed income investors - we highlighted it in our rollout via Bloomberg)

 

Brian McGough – Retail

PetSmart 2Q profit tops Street, lifts outlook (BM note: PETM maintains its streak of being the only retailer to never comp down -- ever. 'Ever' is a long time. If you know of others, let me know. via AP)

 

Matt Hedrick – Macro

Europe Prepares for More Greek Aid as German Election Approaches (via Bloomberg)


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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