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When a conservative-led boycott hit Bud Light's sales last year, light-beer rival Molson Coors Beverage Co. was among the brewers whose sales increased. But it appears those gains are quickly coming to an end, Citi analysts said Wednesday.
There's a proverb that states idle hands are the devil's workshop, which makes sin stocks so compelling. Humans engage in certain practices, whether that involves imbibing or gambling as a means to let off some steam.
The economy is the doldrums, but interest rate cuts are on the horizon, notes Michael Field. He discusses what ECB's latest rate pause means for investors.
The Beverages - Alcohol industry has been in troubled waters due to adverse trends like inflation, higher input and packaging costs, and elevated marketing expenses. Persistent innovation, premiumization and innovation place players like BUD, DEO, STZ, BF.B and TAP in a favorable spot.
When economic circumstances become challenging, it's time to get an edge, which brings us to sin stocks to buy. Yes, the sector dives into controversial arenas.
Anheuser-Busch Inbev (BUD) closed at $60.24 in the latest trading session, marking a -0.77% move from the prior day.
CNBC's Brandon Gomez joins 'Power Lunch' to discuss the U.S. brand recovery of Bud Light after a boycott.
In 2023, Anheuser-Busch InBev (NYSE: BUD) – the company behind Bud Light – suffered significant stock market damage due to a boycott spawned by an ill-advised marketing campaign.
The latest trading day saw Anheuser-Busch Inbev (BUD) settling at $60.78, representing a -0.1% change from its previous close.
Gina Sanchez, Lido Advisors chief market strategist, joins 'The Exchange' to discuss three buys and a bail, including Roche, TotalEnergies, AB InBev, and Arm.