It rallied 3% today, perhaps by a market sensing that Harris will win the election. STZ sells many beers that are popular with Latinos, and immigration will be more liberal under Harris. STZ's beers are made in Mexico, so it could be hit by a Trump tariff.
It rallied 4% today, perhaps by a market sensing that Harris will win the election. YETI sources 40% of its goods from China, which is a target of tariffs if Trump wins. YETI was selling off until today.
ESPN is now stable, their movies are on fire, their cruises are coming, but theme park attendance is hurting them. Also, he wishes they would clarify how much they owe Comcast for Hulu. Shares are up lately, but not enough.
They reported a good quarter last Friday, but management made confusing comments about M&A. Today, it rebounded with the price of crude after OPEC+ said it would delay its output by a month.
He did not like some metrics in their last report: the warranty number, and how much they're losing in EVs. He likes the CEO and wishes he will do well, but can't recommend Ford.
It rallied 3% today, perhaps by a market sensing that Harris will win the election. STZ sells many beers that are popular with Latinos, and immigration will be more liberal under Harris. STZ's beers are made in Mexico, so it could be hit by a Trump tariff.