Please note that we are adding Owens Corning to Investing Ideas today. Our Industrials team spearheaded by Jay Van Sciver will provide a full report in this weekend's edition.
Takeaway: We are adding Owens Corning to Investing Ideas.
Takeaway: We are removing Yum! Brands (YUM) from Investing Ideas.
Takeaway: We are adding ITB to Investing Ideas.
Note: The excerpt below was written earlier today by Hedgeye CEO Keith McCullough. Stay tuned for further updates from our housing team.
Going back to the proverbial wood, and signaling buy on Housing.
US #HousingAccelerating remains 1 of the Top 3 Global Macro Themes in the Hedgeye Institutional Themes deck right now. Not only did US home prices accelerate (in rate of change terms) in the Core Logic data this week to +5.7%, but the supply/demand data has been improving throughout the last 3 months.
So, on days like today, we can to #FadeBeta (take the other side of the market's move) and buy our Best Ideas at the low-end of their respective risk ranges. Housing (ITB) and related companies (like OC) are some of those ideas.
get free cartoon of the day!
Start receiving Hedgeye's Cartoon of the Day, an exclusive and humourous take on the market and the economy, delivered every morning to your inbox
By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails.
Please watch the replay of our video conference call below. Topics discussed include recent trends in Macau, the Hedgeye Macau outlook, and a no junket scenario analysis.
Hedgeye Internet & Media analyst Hesham Shaaban offers an update to his bearish thesis on Alibaba (BABA) with CEO Keith McCullough during today’s “The Morning Show” on HedgeyeTV.
Daily Trading Ranges
20 Proprietary Risk Ranges
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.