Takeaway: We are removing PENN from the short side of Investing Ideas today.

A quick note from Hedgeye CEO Keith McCullough:

Nice win for the home team. On Day 3 of a US stock market correction (post the Fed blow-off top on Thursday), I’ll cover some shorts and add to some longs.

KM

***No change to Gaming, Lodging & Leisure analyst Todd Jordan's fundamental short thesis on Penn National Gaming (PENN). Click here to read our analyst's original report.