Tom Tobin Hedgeye I went with $LH as well. They seem to be the company doing many of the diagnostics around the north Georgia area. Always enjoy your insight during "The Call".

$HCA is a Best Idea Short. Last week we reviewed Trackers, slowing volume, labor cost trend, our EBITDA estimate vs consensus, and the Macro Quad Factor Score overlay. Subscribe and find out.

#TheCall: $HCA 2Q25 looks disappointing. Beat EBITDA, but volume weak, surgical volume is weak (we previwed this last week), pricing weakening. They raised 2025 guidance, but its not enough. I'll publish details in 'The Call Out' note later this morning.

thanks!

The magnitude of the guidance increase is very modest. Being enough or not is just an opinion that'll get sorted out on the open.

$UNH - REX just left the building.

Cc @hedgeyehc

Thank you to everyone (and especially Hedgeye Nation) for your incredible support during our first month with Hedgeye Asset Management! 🤜🤛 Grateful to be part of this journey alongside David Salem, Keith McCullough, and Michael A. Blum. Wishing you all a great weekend!

$TXG outlook improving on rising 'spatial' demand, 3Q25 revenue likely beats consensus based based on our tracking data --> info.hedgeye.com/l/764243/2025-…

Cc @hedgeyehc

Joshua Steiner Mr Josh, thank you for the excellent explanation on The Call this morning about how your team distinguishes itself from the herd of other analysts — very helpful & informative for subs — and it’s obvious how good your methods are to those who look. Thanks as well to

Tom Tobin 🙏, very helpful

“Healthcare pivot forming: ✅ Payers strengthening ✅ Diagnostics reaccelerating ✅ Macro cost trend turning up (ECI, insurance rates) #TheCall

I added a new Best Idea long this morning on The Call, updated $DGX 3Q25 forecast. More detail in the 'Call Out' note including $TXG tracker update. (+) Quad 2 shift at industry group and ticker factor level for all three. Hedgeye

That's a reasonable conclusion to make! A lot of evidence some areas are already slowing. Diagnostic Imaging and Med Lab not among them though. And the alternative hypothesis is many enrollees exiting ACA Exchanges are very low utilizers, zero, or fraud.

#TheCall : This morning I hit on $RDNT, which is sitting at the top of the updated quad-based universe ranking table, and has great tracking data. Putting this one into the funnel... Keith McCullough Hedgeye

AI tools don’t replace research — they amplify good research. Without critical thinking, they just automate bad questions faster. #TheCall