Morning Reads on Our Radar Screen

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

Keith McCullough – CEO

Capital Flight Drains Reserves as Rupee, Rupiah Fall (via Bloomberg)

Fukushima operator to seek foreign advice on toxic water (via Reuters)

Japan Sales-Tax Decision Due by Early October (KM note: Important macro catalyst … via Bloomberg)

Tweets printed by home-built ticker-tape machine (via BBC http://www.bbc.co.uk/news/technology-23812365)

 

Morning Reads on Our Radar Screen - Bovespa floor

 

Kevin Kaiser – Energy

Working Round the Clock Is a Poor Use of Time (via FT)

Nuverra Environmental: A Sinking Ship With Default Risk (KK note: Rare - a solid SeekingAlpha piece … via Seeking Alpha)

More U.S. oil is moving via truck, barge and train than at any point since 1981 (via WSJ)

 

Howard Penney – Restaurants

McDonald's Operator Tips Mighty Wings Return (via HuffPost)

Filmmaker Lucas-controlled trust buys USD10 million in Starbucks stake (via IVCPost)

 

Jonathan Casteleyn – Financials              

Fed Officials Rebuff Coordination Calls as QE Taper Looms (Contrary to popular belief when the Fed stops QE signaling a recovering USA it is GOOD for the global economy … via Bloomberg)

Server Crash Spurs 3-Hour Nasdaq Halt as Data Link Lost (JC note: Kudos to $NDAQ for not pointing fingers even though it sounds like $NYX system's started last week's issue  … via Bloomberg)


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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