Trump's Victory Lap ... Sour Grapes From Cruz ... & Hillary's Heat-Bern

Below is a brief excerpt from Hedgeye Potomac Chief Political Strategist JT Taylor's Morning Bullets sent to institutional clients each morning. For more information on how you can access our institutional research please email sales@hedgeye.com.

TRUMP'S VICTORY LAP

 

Trump's Victory Lap ... Sour Grapes From Cruz ... & Hillary's Heat-Bern - trump deal with it

 

The easy part may be over for the presumptive Republican nominee, and there is no looking back. Donald Trump's double-digit victory in IN has him waving the checkered flags, and now he is faced with uniting the warring factions of the Republican Party heading into the convention and throughout the long slog to November.

 

Trump needs about 40%  of the remaining delegates facing opposition only from John Kasich in the next four weeks, but his true task will be how he can repair his image and appeal to the focal point of every election - undecided and independent voters - not to mention skeptical Republicans. Despite a setback last night, Hillary Clinton is already vying to get out ahead of him campaigning yesterday in the battleground state of OH - even though the primary was back in March.

defea-TED

 

Trump's Victory Lap ... Sour Grapes From Cruz ... & Hillary's Heat-Bern - cruz trump

 

Ted Cruz brought everything and the kitchen sink to IN as final acts of desperation needed to derail Trump (his alliance with John Kasich, Carly Fiorina, and Gov. Pence's backing), but they were no match for Trump's all-star squad of endorsements and momentum coming from his Northeastern firewall.

 

Cruz's campaign had been in panic mode for weeks trying to convince supporters and donors that he was the only person who could stop Trump; the writing was on the wall once IN polls showed Cruz's 20-point lead vanishing in weeks - not to mention polls showing Trump ahead by 30+ points in the Golden State.  Cruz is headed back to the cartel Capitol and will resume his position as a Tea Party agitator setting his sights on other conservative battles with a future eye on 1600 Pennsylvania Avenue.

HILLARY'S HEART-BERN:

 

Trump's Victory Lap ... Sour Grapes From Cruz ... & Hillary's Heat-Bern - sanders 22

 

Bernie Sanders' victory in IN does not change the delegate math, but it definitely changes the narrative - which is sure to cause Clinton, well, heartburn until the last primary in June. As newfound momentum and the media continue to pump Sanders with fuel, we're waiting to see how Sanders deals with Clinton (and vice versa) as a prolonged and ugly fight for the next month proposes a sizeable risk of hurting her chances this fall now that Trump will devote all of his attention and resources to the general election.  

 

While Clinton's focus has squarely been on Trump for the past few weeks, she is keenly aware that the primary map ahead now favors Sanders  - WVA, NE, OR and KY - and has to find a way to counteract his growing leverage and keep him in the fold.  Her path the nomination is all but assured and her team has been prepping for a general election run for years (but not against Donald Trump) as one of her biggest assets is her fundraising operation which becomes even more formidable if Sanders cedes his people to her for the general.  


UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

read more

Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

read more

Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

read more

An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

read more

Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

read more

REPLAY: Review of $EXAS Earnings Call (A Hedgeye Best Idea Long)

Our Healthcare Team made a monster call to be long EXAS - hear their updated thoughts.

read more

Capital Brief: 5 Things to Watch Right Now In Washington

Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.

read more

Premium insight

[UNLOCKED] Today's Daily Trading Ranges

“If I could only have one thing of the many things we have it would be my daily ranges." Hedgeye CEO Keith McCullough said recently.

read more

We'll Say It Again: Leave Your Politics Out of Your Portfolio

If your politics dictates your portfolio positioning, the Democrats and #NeverTrump crowd out there have had a hell of a week.

read more

Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

read more

Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

read more

Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

read more