Playboy PLBY is a Multi-BaggerThis is not my idea or research. This is an idea from one of my favorite analysts, Brian McGough, who is a retail director at Hedgeye Risk Management. He said GME GameStop was a potential 10-bagger when it was at $20 late last year, and he's recently said he thinks PlayBoy is a 10-bagger (from ~$20). The general thesis is that the old management is gone and new management will have an opportunity to pivot the company towards a global sex, health, and media market that has a size of something like 300 billion. Still great upside from here, I am long the stock from $40 and am buying every dip.
Hedgeye
MPLX look through play on Energy Complex? Have gone long Energy in last week via MPLX. Energy broke Hedgeye Trend mid November as product of Quad 2 environment. Energy performs well as Real Rates/Inflation increase, so offers a natural hedge. My broker (I'm in UK) won't allow me to get the wider Energy Complex exposure, so went long its largest constituent part MPLX (makes up ~15% of total factor). Very strong trend emerging and has outperformed XLE in last year - while overbought in latest session I want to remain long energy given entry point and Inflation Up | Growth Up (Q1 GDP will likely be strong on RoC basis) basis. Significant reduction in growth (with demand side shock) and price, volume and vol data to support would get me out.
GBP Cable Strength Took small Long position in GBPUSD on back of continued weakness in USD and strong trend to upside on GBP. Took position on Nov 20 via LGBP ETF, and has been somewhat anaemic - will watch closely to see if breakdown in trend emerges in coming days. Will likely be dependent upon BREXIT talks in UK and continuing near term risks in US macro environment on foot of future Fed printing and evolution of CV-19 spread/shutdown and subsequent implications through winter.
SAMA: Access to Pure Play Cannabis Opportunity Bullish on industry trends around Cannabis Sector given the "acceptance" of CBD following election. SAMA is a SPAC with an agreed target in Clever Leaves. The two are planned to merge in Q4 2020. SAMA is in the HE Long List by virtue of CLVR's potential trajectory and cost base in a massively growing market. While difficult to assess price behaviour given structure, de-SPACing has led to significant price moves where the underlying entity has attractive fundamentals in place (i.e MP and EOSE).
MIK broke trend: developing MomentumTook a Long position in MIK on 24.11.20 at $9.75. Key catalyst was fact that it had broken trend ($8.86 is trend floor per @Hedgeye). Also on the HE Long List so had been looking for a decent entry to take a position having traded in and out over previous months. High Short interest is slightly concerning (currently at ~22%) however could drive a squeeze if this moves up rapidly. Some narratives support the stock (CV related) however haven't taken a position on that basis. Trend, Fundamentals and Entry Point were catalysts. Reporting Dec 3rd. Strong run-up in days prior also a positive indicator, as per price action in previous reporting period.