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

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

Below is a note written by CEO Keith McCullough on why we're adding Carnival (CCL) to the short side of Investing Ideas today:

Another company (that we're bearish on) that's bounced from its recent lows on #decelerating volume, is Carnival Corp (CCL).

Our veteran Gaming, Lodging & Keisure (GLL) analyst Todd Jordan recently hosted an Institutional Research conference call outlining both cyclical and secular head-winds to CCL's business.

CCL "brands are struggling for a variety of reasons that we’ve discussed. But soft pricing is not the only headwind that could suppress valuation."

Short the bounce,

KM