STZ: Adding Constellation Brands to Investing Ideas (Long Side)

09/21/20 10:29AM EDT

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

At VIX 30 or higher, levered long TQQQ & JETS bulls who bought what was not a dip #drink...

Long Constellation Brands (STZ) is a good way to be long of alcohol consumption #accelerating. The rising probability of #Quad4 in Q4 is definitely going to drive some perma Old Wall bulls to the bottle.

Remember, from a risk management perspective, you get to buy your fav longs when SPY is probing the low-end of its @Hedgeye Risk Range (like it is right now),

KM 

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