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#HousingSlowdown: Is This the Nastiest Chart of the Year?

Takeaway: We’ve been hitting on the #HousingSlowdown trend since Q1, and here’s another piece of evidence that confirms our view.

#HousingSlowdown: Is This the Nastiest Chart of the Year? - house keys and money

 

Core to our US #HousingSlowdown Macro Theme for Q2 2014 is the rate of change (slope of the line) going negative on US Home Prices.

 

This isn’t the weather.

 

And it’s happening with rates falling, which makes it all the worse.

 

#HousingSlowdown: Is This the Nastiest Chart of the Year? - chart1

 

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Cartoon of the Day: Housing Rollercoaster

Takeaway: Our Q2 Macro Theme of #HousingSlowdown remains intact.

Cartoon of the Day: Housing Rollercoaster - Housing 5.06.2014

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When It Comes To Twitter, We Tried To Warn You | $TWTR

Takeaway: Twitter has been falling all day. It’s currently down over -14%.

When It Comes To Twitter, We Tried To Warn You | $TWTR - twitter e1399390329867

 

Twitter may be a place for public self-expression and conversation in real time, but investors aren’t buying it. The stock is currently down over -14% today as the lock-up period for early investors has expired.

 

This doesn’t surprise Hedgeye Internet & Media analyst Hesham Shaaban. He has been the bear on $TWTR.

Crash Goes the $40B Market Cap: $TWTR Report Validates Original Bear

Published on Feb 6, 2014

Twitter shares are being taken back behind the woodshed after issuing a disappointing first earnings report. Hedgeye Internet & Media analyst Hesham Shaaban (The Original Bear on Twitter) discusses what's going on with Director of Research Daryl Jones.

$TWTR: Why We're Bears on Twitter

Published on Nov 8, 2013

Hedgeye CEO Keith McCullough and analyst Hesham Shaaban discuss Twitter's current valuation and why we're bearish on the social media company.

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Video | McCullough: Am I Crazy?

Hedgeye CEO Keith McCullough takes a look at key market and economic issues investors should be focusing on right now but aren't.


Hedgeye Retail: Delivery Service Alliance Between Google and Stores Has Potential | $TGT $WAG

Takeaway: There are still a lot of kinks that need to be ironed out, but it’s a step in the right direction.

Hedgeye Retail: Delivery Service Alliance Between Google and Stores Has Potential | $TGT $WAG - png base644159201ce6c76ef3

 

Google Targets Amazon With Free Same-Day Delivery in NY & LA

  • "Google just threw down the gauntlet in the same-day delivery wars, launching its Google Shopping Express service in Manhattan and parts of Los Angeles and offering free same-day delivery for the first six months."
  • "The service, previously available only in the San Francisco Bay area, delivers groceries and other goods from the likes of Costco, Target and Walgreens, and usually costs $4.99 per store visited."

Takeaway From Hedgeye’s Alec Richards:

Partnering with Google and Ebay is the best alternative for retailers when trying to fend off Amazon, but scaling same day in a market as dense as New York won't be easy. Orders overwhelmed Google's network yesterday and the company was forced to refuse service after noon. Still a lot of kinks need to be ironed out, but a step in the right direction for brick and mortar.

 

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Editor's Note: This is a complimentary research excerpt from Hedgeye Retail analyst Alec Richards. Follow Retail sector head Brian McGough on Twitter @HedgeyeRetail

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