Our Black Book will be the first in a series focusing on the headwinds and tailwinds by sub-sector in Consumer Staples. We start with the supermarkets, where nearly everything in Consumer Staples is sold. Next, we will dig into several key topics, the setup from here, and most importantly, outline our investment recommendations for each grocer.
Hedgeye's Macro team continues to see more evidence for Quad 2 in Q4. We will show how the grocers have performed historically in Quad 2, what may be different this time, and if we should expect a repeat of the past.
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CLICK HERE at the time of the event for the webcast and materials. |
The outline of our call:
We are making several changes to our position monitor. Sprouts Farmers Market (SFM) moves to the top of our short list. We are also adding four food manufacturers to our short list, reflecting our conclusions from today's Black Book: Kellogg Company (K), Campbell Soup (CPB), Conagra (CAG) and General Mills (GIS).
Our position monitor:
