"With the stock back up here and the Nasdaq making all-time highs, I don’t want to own the event risk of the quarter," writes Hedgeye CEO Keith McCullough. "In general, with the S&P 500 at all-time highs (and VIX at multi-decade lows), I don’t want to be adding to long exposure. I’ll be happy to add more long ideas during market corrections. We’ve taken advantage of many in the last 6 months."
TripAdvisor remains a top long idea for Gaming, Lodging and Leisure analyst Todd Jordan and Internet & Media analyst Hesham Shaaban. Click here to read our analyst's original report.
