Below is a note from Hedgeye CEO Keith McCullough on why we're adding Hanesbrands (HBI) back to the short side of Investing Ideas:
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"Now that US Equity Beta has ramped right back up towards the top-end of my refreshed 2 (SPX) risk range, we can start to signal SELL again in some of our favorite US Equity shorts. Brian McGough remains The Bear on Hanesbrands (HBI). He gave a presentation to our Institutional Research subscribers earlier this week and I quite like his long-term TAIL risk view of the company's equity shares." |
