Below is a note written by CEO Keith McCullough on why we're adding Domino's Pizza (DPZ) to the short side of Investing Ideas today:
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Still looking to make sales in "Consumer" shorts that get hit in both Quad 4 and Quad 3? Howard Penney still likes Domino's Pizza (DPZ) on the short side. It's signaling immediate-term TRADE overbought today within a Bearish @Hedgeye TREND. Here's what Howard had to say in a recent Institutional Research note about the company's latest strategy: "DPZ is officially on the defensive in trying to justify why cannibalization/splits/fortification is a smart business strategy. It might be the right thing for DPZ, but that strategy has never worked." Sell on green. KM |
