Takeaway: Please note we are removing BEN (long) from Investing Ideas today.

We are removing Franklin Resources (BEN) from Investing Ideas due to weak April monthly AUM data. "I’ll stay with Invesco (IVZ) on the takeout thesis," writes Hedgeye CEO Keith McCullough. 

Hedgeye Financials analyst Jonathan Casteleyn doesn't think this impairs the intermediate to long term view on Franklin Resources, where we are still bullish. Click here to read our original stock report on BEN/IVZ.