Hedgeye CEO Keith McCullough is adding Hanesbrands (HBI) to the short side of Investing Ideas. Below is a brief note.
There's obviously risk mgt #process-based reasoning on why I covered every single stock short (ex- WORK) pre SPY and IWM ripping all-time highs (yesterday)...
There's also plenty of reasons to come back to favorite shorts now that the VIX is signaling it's first higher-low of the week (as of this morning).
Hanesbrands (HBI) is at the top of my list to re-short. Retail analyst Brian McGough remains the long-term bear on the name,
KM
