Below is a note written by Hedgeye CEO Keith McCullough on why we're adding United Natural Foods (UNFI) back to the short side of Investing Ideas today:
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"After getting smoked to its summer-time lows, United Natural Foods (UNFI) is finally signaling immediate-term TRADE #Overbought this morning within Howard Penney and his Consumer Staples Research Team's bearish long-term TAIL risk view. Timing obviously matters on the short side and Penney still likes this as a secular short as the independents will get squeezed by the AMZN/WFM effect. Sell green. KM" |