Jun. 21 at 7:13 PM
The Million Dollar Question on
$TAP:
Opportunity or Value Trap? 🤔
- One one hand, it's one of the most oversold stocks in the entire market right now (daily RSI of 20, dividend-adjusted) and is approaching lows from June 2024. Likely overdue for a relief rally/technical bounce soon 📈
- One the other hand, the company last quarter reported a double miss and cut its outlook on “worries about tariffs and the economy." Younger consumers are drinking less than past generations and overall volume and demand have been plunging 📉
Curious to hear your guys' thoughts 👇