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.
the macro show
what smart investors watch to win
Hosted by Hedgeye CEO Keith McCullough at 9:00am ET, this special online broadcast offers smart investors and traders of all stripes the sharpest insights and clearest market analysis available on Wall Street.
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.
Risk Managed Long Term Investing for Pros
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.