DE: Removing Deere In Exchange for Foot Locker (FL) - Bear Side

Please note that we are removing Deere from Investing Ideas today (bear side) and replacing it with Foot Locker (also bear side). Please see brief explanation below from Hedgeye CEO Keith McCullough.

*  *  *  *  *

DE: Removing Deere In Exchange for Foot Locker (FL) - Bear Side - z8fl

Like we did with Shake Shack (SHAK), we’re trying to give you a look-inside our Institutional Research #process where NOT buying the all-time highs in names is an important risk management decision for long-term investors.

 

We’ll keep the SELL ideas list fresh for you so that there’s a flow of new research information. Especially at #LateCycle market tops (they are processes, not points), timing matters.

 

Now that DE has backed off its highs, we’ll exchange it with FL (at its highs).

KM