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Takeaway: Hedgeye analyst Jay Van Sciver is a having an amazing run in 2018.

When you're hot, you're hot.

Shares of Textron (TXT) surged ~7% today and notched a new 10-year high. The American global aerospace, defense, security and advanced technologies industrial conglomerate was named a "Best Idea" long by our Industrials analyst Jay Van Sciver in October 2016. He presented the activist case this past December.

Long TXT, Short TSLA: Two Money Calls Paying Off - z textron

Meanwhile, Tesla (TSLA) remains Van Sciver's most vocal "Best Idea" call on the short side. He made the original call on June 14, 2017. As you can see below, his timing has worked out rather well. He expects significant additional downside for shares of TSLA.

Long TXT, Short TSLA: Two Money Calls Paying Off - z tesla

Here's a look at Van Sciver's call on Textron from back in October of 2016.

 And a taste of his call on Tesla.

For more insight on Van Sciver's calls: