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.
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This indispensable trading tool is based on a risk management signaling process Hedgeye CEO Keith McCullough developed during his years as a hedge fund manager and continues to refine. Nearly every trading day, you’ll receive Keith’s latest signals - buy, sell, short or cover.
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.
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