TODAY’S S&P 500 SET-UP – May 9, 2014
As we look at today's setup for the S&P 500, the range is 27 points or 0.78% downside to 1861 and 0.66% upside to 1888.
CREDIT/ECONOMIC MARKET LOOK:
MACRO DATA POINTS (Bloomberg Estimates):
WHAT TO WATCH:
COMMODITY/GROWTH EXPECTATION (HEADLINES FROM BLOOMBERG)
The Hedgeye Macro Team
Grim statistics on product sales and replacements
Q & A
Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.
YUM continues to be our favorite LONG in the big cap QSR landscape.
In case you missed it, earlier this week we held a call with Yum! Brands CFO Pat Grismer. Our wide-ranging conversation ran the gamut from succession planning, business in China, Taco Bell breakfast and much more. We learned a lot and we think you will too.
Here’s the full video from our call. If you have any additional questions don’t hesitate to ping me.
Video: CLICK HERE
Takeaway: Hedgeye restaurant analyst Howard Penney saw bad news for Bloomin' Brands coming back in November.
A couple of weeks ago, we highlighted how Hedgeye restaurants analyst Howard Penney nailed his short call on Panera Bread.
He's doing it again today with Bloomin' Brands (BLMN) which he added as a Best Ideas SHORT back on 11/27/13.
Not bad eh?
During his appearance on HedgeyeTV this past April 7, Penney discussed BLMN as one of his favorite short ideas. Here's the video and performance of the stock since then.
It pays to watch HedgeyeTV.
Business trends still slow in Vegas. Increase in LV promotional environment.
Q & A
Hedgeye CEO Keith McCullough handpicks the “best of the best” long and short ideas delivered to him by our team of over 30 research analysts across myriad sectors.