We are removing Domino's Pizza (DPZ) from the short side of Investing Ideas today. The stock is down more than -10% since we added it in October so CEO Keith McCullough says "book the gain." (No change to Howard Penney's fundamental research view on the company. Click here to read Penney's original stock report on DPZ.)
We are adding Tesla (TSLA) back to the short side of Investing Ideas today. Click here to read Industrials analyst Jay Van Sciver's original stock report on Tesla. Below is a brief note from McCullough on why we're adding it back to the short side today:
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"With the SP500 registering all-time intraday highs here, we're looking to help you make sales. We're looking for SELL ideas that are: A) at the top-end of the @Hedgeye Risk Range that... B) are still signaling Bearish TREND @Hedgeye and C) have our analyst's full support on the bear side One of those names remains Tesla (TSLA). Here's an excerpt from one of Jay Van Sciver's recent Institutional Research reports: "Don’t look for Model 3 reservations to be impacted until the 4th quarter, as the production delays hit the tape in October. But the balance sheet deposit line should show continued declines, which is not a great indicator into 4Q. I suppose the initial Model 3 costs could also be interesting – the units driven by the press and select investors are no doubt fabulously expensive units." Sell on green days, KM" |
