Please note that Hedgeye CEO Keith McCullough has removed two tickers from Investing Ideas today. Below are brief explanations behind his decision.
Texas RoadhouseHere is an update written yesterday by our Restaurants analyst Howard Penney: "Clearly, TXRH has the financial flexibility to buy back $250 million in stock, but is now the right time? The answer to that question will come later, but for the time being there will be a floor underneath the stock. The average 30-day dollar volume of stock is $70.5 million and there are 5.2 million shares short or 7.8% of the float." AMN Healthcare ServicesThis is mostly a market call with US Equity Beta bouncing to a lower-high today and AMN’s intermediate-term TREND signal confirming bearish. Happy to revisit our Healthcare analyst Tom Tobin’s idea again, lower. |
