• Navigate This Market Turbulence: All Hedgeye Research → 3 Months 66% Off

    Preserve. Protect. Grow. Former hedge fund manager and CEO Keith McCullough has successfully navigated the Dot Com Bust, Great Financial Crisis and Crash of 2020. Get 66% off the smartest investing insights money can buy.

What really makes a stock “cheap?”

Hedgeye CEO Keith McCullough explains in the clip above that most of the time, you’re probably getting crummy advice from a myopic Old Wall pundit whose math is missing the forest for the trees.

A seemingly “cheap stock” that is highly-dependent on an improving U.S. economy to meet Wall Street’s growth expectations could miss if the economy stumbles. As the company’s growth prospects deteriorate, so too do Wall Street’s earnings expectations.

McCullough uses FedEx (FDX) to explain why its shares could still get “cheaper.”

Watch the full clip for this important lesson.

Why Some Stocks Aren't As 'Cheap' As They Seem - the macro show