We hosted a Consumer Staples Themes and Thesis Updates Black Book presentation. We examined the headwinds and tailwinds facing the consumer staples sector. We also covered our investment thesis for BUD, TAP, STZ, SAM, KR, ACI, GO, STKL, APPH, SV, and NOMD.
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CLICK HERE for webcast replay and materials link. |
The Hedgeye Macro Team continues to call for Quad 2 in Q2. Consumer Staples stocks underperform in Quad 2. Using the Quads as a backup we went through the sub-sectors and our best long and short ideas within.
- 2021 will be like no other year for the consumer staples sector in differentiating the cyclical from the secular. There are numerous investment opportunities, because the market is doing a poor job at discerning where the companies belong.
- Our position monitor going forward will only have longs and shorts in ranked order. With that change we made numerous changes to the ranked order of our best long and short ideas.
- We dug into numerous sub-sectors including grocery, beer, vertical farming, and plant-based beverages.
- We explored a number of the headwinds and tailwinds for our covered companies and how that may drive earnings upside or shortfalls.
- We explained why not every easy comparison is a long and why not every difficult comparison is a short.
