MA: We Are Removing Mastercard from Investing Ideas

10/25/19 10:13AM EDT

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). 

© 2024 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.