Below are Hedgeye CEO Keith McCullough's updated levels for each of our nine current high-conviction investing ideas. Our team of analysts will provide updates on each of their ideas next week.
We also feature two institutional research notes from earlier this week, as well as a brief video presentation from retail sector head Brian McGough explaining why we recently became bullish on Lululemon.
We thank you for your business and wish you a very happy Fourth of July!
Trade :: Trend :: Tail Process - These are three durations over which we analyze investment ideas and themes. Hedgeye has created a process as a way of characterizing our investment ideas and their risk profiles, to fit the investing strategies and preferences of our subscribers.
- "Trade" is a duration of 3 weeks or less
- "Trend" is a duration of 3 months or more
- "Tail" is a duration of 3 years or less
HEDGEYE CARTOON OF THE WEEK
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Our Financials team takes a granular look inside the latest survey of mutual fund trends which displayed continued inflows into all fixed income categories with outflows in US stock funds.
Hedgeye macro analyst Darius Dale writes that "we lack conviction on the intermediate-term direction of the Abenomics Trade and we think investors should remain on the sidelines for now." In other words, we have conviction in having no conviction. Sometimes doing nothing is the best call to make.
In this excerpt from a recent Hedgeye conference call with institutions, Retail Sector Head Brian McGough explains what caused him to turn positive on shares of Lululemon.