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:
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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
