Travis Wilson

Finance

[Hedgeye Asset Management @HedgeyeAM]

Introducing $ADDS.

The Hedgeye Index Adds ETF is an active ETF managed designed to target companies before they are added to major U.S. indexes.

Why it matters: when a company is added to a major index, index funds often have to buy it. ADDS seeks to position ahead of that forced buying.

The strategy is built and executed by PM Brooks Cutright around process:

Proprietary models.
Probabilistic forecasts.
Defined exits.
Monthly rebalance.
Liquidity discipline.
20% per-name cap.

This is a systematic approach to a specific market opportunity.

Not generic equity exposure.
Not traditional stock picking.
A differentiated source of return rooted in flow timing and @Hedgeye Risk Management.

For important investor information, including prospectus and risk considerations, visit: https://t.co/tgMGxSEu9P

[Travis Wilson @travisryding]

@KeithMcCullough Trouble

[Hedgeye @Hedgeye]

WATCH | Opportunities + Perils in Digital Assets 💰

Hal Press @NorthRockLP joins David Salem @dsaleminvestor in this inaugural episode of Salem's new webcast series "CIO Corner" for an in-depth investing discussion on Digital Assets.

FREE WEBCAST ACCESS: https://t.co/kOjstB6Mdo

Prior to founding North Rock Digital in 2021, Mr. Press worked as a senior analyst covering the technology sector, at Maverick Capital, a $12B Equity hedge fund. Earlier in his career, he worked at Morgan Stanley serving as an Associate in a variety of divisions including institutional equities, equity research and investment management/private equity. Mr. Press holds a Bachelor of Science in mechanical engineering from the Pratt School of Engineering at Duke University.

[Danielle DiMartino Booth @DiMartinoBooth]

What do these states expect?

[Keith McCullough @KeithMcCullough]

It crashed last year, bud

[Travis Wilson @travisryding]

@KeithMcCullough Grew up in a small town up north Michigan. Parents didn’t have much to help with college. I worked two jobs to pay for rent and bills while amassing student loans. Been a mortgage banker for a decade, glad I paid most of my loans off while rates were low for housing.

[Longbow @myLongbow]

Want Your Job Back? Salesforce $CRM is hiring 3,300 people in sales, engineering, and data cloud given potential AI growth. The company chopped 10% of its workforce earlier this year. Maybe they need to learn that people can be trained for new skills. Probably would have saved them some moolah and morale. Wonder what the activists think about it….since they were cheering on the profit increase just recently during earnings.

[Travis Wilson @travisryding]

@KeithMcCullough @Hedgeye @HedgeyeDJ Go Lions!

[Danielle DiMartino Booth @DiMartinoBooth]

#RealityCheck

[Travis Wilson @travisryding]

@KeithMcCullough Welcome to the Great Lake State bud!

[Ted Darling @tdarling1]

Well, #PCE came in light… bond 🐻 ⚠️

#PCE +3.8% y/y in May 2023, the lowest reading since April '21, and revised 🔻 to +4.3% for April.

Excluding food and energy, core +4.6% y/y.

On a monthly basis, #PCE +0.1% and the core index +0.3%.

[Marc Cohodes @AlderLaneEggs]

Jamie Dimon should know better

[Other Side Asset Management @OtherSide_AM]

Yep

[Andrew Ackerman @amacker]

The Fed is also prepared to spend about $530 million to renovate a fourth building it owns along New York Ave. That renovation--not mentioned in our story yesterday but estimated to cost an additional $100 million above a prior estimate--won't begin until 2027ish.

[Travis Wilson @travisryding]

@LauraLKeith @KeithMcCullough @Hedgeye

[Travis Wilson @travisryding]

@KeithMcCullough @Hedgeye 4690