Hedgeye CEO Keith McCullough is adding Visa (V) to the long side of Investing Ideas. Below is a brief note.
The latest 3-day correction (into options expiration, again!) in US Equity Beta has to do with ... drumroll... variant covid narratives, again!
Now, since we aren't chasing charts on green when that's not the narrative, we get to buy our fav #Quad3 names with they are red at the low-end of their risk ranges on that...
Vis a vis the Square (SQ) “news”, buying more Visa (V) was reviewed by Josh Steiner on The Call @Hedgeye today. Remember, we’re looking to add larger cap names that back-test strongly in #Quad3.
KM