Benzinga - by The Arora Report, Benzinga Contributor.
Signal(s) to enter, add, reduce, exit, hold or change.
The reason for the signal on Anheuser-Busch Inbev SA (NYSE: BUD) was that in our analysis, BUD will ultimately recover from the transgender fiasco. So far, that call seems to be spot on. BUD just reported better than expected earnings. It seems to have started gaining back some of the market share it lost due to the transgender fiasco.
Full Disclosure As a full disclosure, beer maker Molson Coors Beverage Co Class B (NYSE: TAP), the parent of Coors, benefited from the transgender fiasco. ZYX Short sold short TAP on the thesis that the benefit to TAP was likely to be temporary. That call has proven spot on. The short trade on TAP is nicely profitable. If you are not subscribed to ZYX Short, please click here to subscribe.
Zones For those who are following the Good Way, the Buy Now rating is