Takeaway: We are removing Mastercard long from Investing Ideas

A quick note from Hedgeye CEO Keith McCullough:

This is not a “fundamental” stock picking call. This is a portfolio risk management move.

Post big widely owned names (AMZN and NFLX) and Sectors (Software) selling off, hard… Momentum, as a Factor Exposure, is now signaling Bearish @Hedgeye TREND.

Mastercard (MA) is a loved and widely held name for the right reasons, but is now part of Factor Exposure selling that I’m not willing to ignore.

We can come back to it on sale,

KM 

*There is no change to analyst Josh Stiener's fundamental long thesis on Mastercard (MA).