VVV: Adding Valvoline to Investing Ideas (Long Side)

09/16/19 10:39AM EDT

Hedgeye CEO Keith McCullough is adding Valvoline (VVV) to the long side of Investing Ideas. Below is a brief note. 

Looking for names that we like that are down on fear of higher Oil? Valvoline (VVV) is for sale today and Brian McGough & Jeremy McLean still like the stock here.

Here's a summary excerpt of a recent Institutional Research note:

The stock has performed very well since we made it a Best Idea Long on 6/1/19. There are a few things we think are driving the stock higher… the quarter's results, potential activists building their positions, and a possible flight to safety as concerns over macro rise, with VVV being a relatively low cyclicality name within consumer.

Buy on red,

KM

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