WEBCAST REPLAY | Healthcare Q&A: DXCM, DVA, HCA & Labor Trends

08/05/19 02:59PM EDT


Healthcare analyst Tom Tobin and Health Policy analyst Emily Evans reviewed their best stock ideas, major healthcare themes and more.  

WEBCAST REPLAY | Healthcare Q&A: DXCM, DVA, HCA & Labor Trends - chart1


The Hedgeye Macro Team has been right on both the deceleration of GDP and the risks associated with the Federal Reserve's response. For Health Care this has meant improving our sensitivity to style factors and incorporating the risks into fundamental views.

For Tenet Healthcare Corp (THC), where we are positive on the fundamentals, the debt factor has been toxic. For DexCom, Inc. (DXCM), the deceleration in growth appears increasingly likely to overwhelm the recent upside and optimism over the long term opportunity. Meanwhile, we continue to see a positive backdrop for utilization, so while the shorts are more likely to work in Quad 4, threading the fundamental needle in the short to intermediate term will be a challenge. Check out the replay of today's Q&A session for more!

© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.