• Global ‘Black Hole’ Risk Rising: A Discussion With Danielle DiMartino Booth

    Former Fed advisor Danielle DiMartino Booth will discuss key economic developments and the outlook for Fed rate cuts with Hedgeye CEO Keith McCullough.

Takeaway: We are adding GWW to the SHORT side of Investing Ideas today.

Below is a note from CEO Keith McCullough on why we're adding W.W. Grainger (GWW) to the short side of Investing Ideas:

Looking for single stock short ideas to go along with your Industrials (XLI) short position? 

Grainger (GWW) has bounced back to the top-end of my @Hedgeye Risk Range and Jay Van Sciver remains The Bear.

Here's a recent update from Jay's Institutional Research notes on GWW:

"Grainger remains a remarkable example of a company whose core problem, price compression leading to margin compression, somehow became the solution.  Cutting prices to a ‘relevant’ level likely just pulls forward some of the erosion that would otherwise have set in more gradually."

Sell on green,

KM