BUD Uptrending despite the Bud Lite controversy
BUD is a staple stock catering to beerdrinkers both in North America and Europe.
The controversy about a spokesperson for an ad campaign for Bud Lite has heightened awareness.
Bud Lite is only one product of the parent company.
Fundamentals arise, BUD is uptrending since Friday the 13th with hull moving averages converged.
In confirmation, the RSI bottomed at 25% and is now rising while the volume indicator shows
increased volume as compared with that of March.
Overall, I see BUD as a good investment in a recessionary environment because if anything
history shows alcohol consumption increases in a recession. If production costs can be
contained despite inflation and demand goes higher so will those earnings and the market cap
The controversy about a spokesperson for an ad campaign for Bud Lite has heightened awareness.
Bud Lite is only one product of the parent company.
Fundamentals arise, BUD is uptrending since Friday the 13th with hull moving averages converged.
In confirmation, the RSI bottomed at 25% and is now rising while the volume indicator shows
increased volume as compared with that of March.
Overall, I see BUD as a good investment in a recessionary environment because if anything
history shows alcohol consumption increases in a recession. If production costs can be
contained despite inflation and demand goes higher so will those earnings and the market cap
Trade ativo:
Downtrend completed- consolidation pattern with anchored VWAP bands nearly zero slopes accumulating more shares like others who like to buy low. Warren Buffet, a very famous value buyer may have an interest in this play. Being it is an easy ride to St. Louis to speak with some corporate guys and consider a value play :)