Takeaway: Our positive regional call is likely to extend a little longer with decent October #s coming out and, of course, the REIT euphoria
Consistent with our earnings preview, another regional operator beats. Stock should be on steroids tomorrow due to the conference call REIT discussion
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.
Consensus estimates, management guidance and commentary, and questions for management in preparation for the earnings release tomorrow.
Please see our note:
Hilton Worldwide will report Q3 2014 results tomorrow and we expect another beat and raise event (the treat). However, we also very shortly expect a Halloween surprise – a secondary equity offering of 90 million shares by Blackstone (the trick). We reiterate our positive view on Hilton and the lodging sector but remind investors to be sensitive to event timing.
Takeaway: #Quad4 is one of the most important macro trends we have identified for the quarter.
Before formally introducing #Quad4 as one of our top Q4 macro themes, Hedgeye CEO Keith McCullough explained during an institutional call in September why we were likely heading into Quadrant 4 of his model. That’s when both growth and inflation slow.
For the record, during this call McCullough also advised getting long Utilities (XLU) which is up well over 6% since this video first aired, versus the S&P 500 which is down -1%.
#Quad4 is one of Hedgeye's Q4 2014 Macro Themes. In other words, it's one of the most important macro trends our macro team has identified for the quarter.
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