Hedgeye CEO Keith McCullough is adding Tenet Healthcare (THC) to the long side of Investing Ideas. Below is a brief note.
A little intraday #timespank for the FOMO chasers during the Trump speech, eh?
It's a good thing that what he says and tweets doesn't drive my decision making #process (see today's Early Look strategy note for details on what I do instead)...
I've been waiting, patiently, for immediate-term TRADE #oversold signals in names where my Independent Research team is bullish on my intermediate-term TREND duration.
Healthcare Analyst Tom Tobin still likes Tenet Healthcare (THC) and here's an excerpt from his Institutional Research note early this week:
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Health Care Utilization - We received a few inbound questions on utilization given the commentary out conference appearances by ANTM and UNH and some providers such as THC, which has been a key theme of ours for 2019. We use Health Care labor data from BLS, JOLTS and ADP statistics in our Health Care Labor Demand model which overlays well to provider results. Good news for providers, less so for the MCOs |
Buy’em on red (don't chase on green!),
KM