Monster Beverage Corp. is a buy. We are initiating the position for three reasons: it rounds out the portfolio with exposure to the consumer non/ cyclical sector but happens to move like a growth stock, it’s at the right entry point above the 50 day moving average (green line), and the valuation is attractive- it pulled back from 80 to 50. In other words, a cheap defensive stock that works in a slowing economy. We are initiating the position at 57.20. Here is the chart below.
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