THC: We Are Removing Tenet Healthcare from Investing Ideas

10/11/19 10:42AM EDT

A quick note from Hedgeye CEO Keith McCullough:

With today’s extreme FOMO move on yet another hoped for “trade deal”, it’s impossible for me NOT to reduce gross long exposure on green. Tenet Healthcare (THC) is a HIGH BETA stock and The Machine does not like those on any reversal.

We can always buy it back lower.

*There is no change to Retail analyst Tom Tobin's fundamental long thesis on Tenet Healthcare (THC).

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