Below is a brief note written by CEO Keith McCullough:
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In reviewing Jay Van Sciver's inventory of best LONG and SHORT ideas (the man is good!) into a green US stock market close, Insperity (NSP) is signaling immediate-term TRADE #overbought within a Bearish @Hedgeye TREND. Here's a summary excerpt of Jay's view vs. the conflicted and compromised one of Old Wall "research": "The industry has enjoyed exceptional tailwinds in recent years, while limited Street coverage, arcane business metrics, and a move up in index membership have left the shares untethered to underlying business realities. With steep comps, intensifying competition, slowing growth, and a lack of incremental tailwinds, investors will likely be just as surprised by the cyclical downside as they were by the post-GFC recovery." Short the no-volume bounce, KM |
