Anheuser Busch Inbev SA
Recession or not, investments in this sector have shown resilience in tough times
With the economic picture growing gloomier by the day, investors may be looking for sectors that have historically proven to be resilient during a recession. “Alcohol has the tendency to survive the times,” said Mark Neuman, chief investment officer and founder of Constrained Capital. His ESG Orphans exchange-traded fund, which has $1 million in assets […]
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Sorry, hard seltzer — beer companies are into canned cocktails now
Boxes of Cutwater Tiki Rum Mai Tai canned cocktails in a retail store in Pleasant Hill, California, February 11, 2022. Gado | Archive Photos | Getty Images Hard seltzer has lost its fizz. Now canned cocktails are all the buzz. Also known as ready-to-drink, or RTD, cocktails, the canned drinks were the fastest-growing spirits category last year, […]
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Facebook scrambles to escape stock’s death spiral as users flee, sales drop
Facebook CEO Mark Zuckerberg testifies before the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images A year ago, before Facebook had turned Meta, the social media company […]
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In this article are Tuesday’s major analyst calls of the working day: Apple, Amazon, Tesla, FedEx, Concentrate on & more
Right here are Tuesday’s biggest phone calls on Wall Road: Morgan Stanley updates NextEra Power to overweight from equivalent bodyweight Morgan Stanley explained the power organization is a key beneficiary of the Inflation Reduction Act. “We anticipate NEE to be 1 of the most significant beneficiaries of the Inflation Reduction Act (IRA), which delivers faster […]
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Stocks producing the greatest moves premarket: Bed Bathtub & Over and above, Dropbox, Transocean and additional
In this short article BBBY NCLH FDX enjoy now Movie1:3601:36 Information Update – Pre-Markets News Briefing Test out the companies creating headlines in premarket buying and selling. Bed Tub & Past — The beleaguered home goods retailer dropped one more 14.1%, incorporating to many straight times of losses. The latest shift arrives immediately after CFO […]
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HSBC upgrades Anheuser-Busch InBev to buy, says stock can surge 30% on premium brands
Anheuser-Busch InBev is now an attractive buying opportunity after shares fell from their highs, according to HSBC. Analyst Carlos Laboy upgraded shares of the Belgian beer maker to buy from hold, and slightly raised the price target of EUR65 from EUR64. It implies that shares can jump 33% from Friday’s closing price, according to the […]
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Cannabis drinks crop up as companies bet on the growing market for legal marijuana
Grainwave, a Belgian-Style white ale, THC infused, non-alcoholic cannabis beer at the Ceria Brewing Co. at the Keef Cola facility December 13, 2018. Andy Cross | Denver Post | Getty Images You can smoke it, vape it and eat it. Now as more U.S. states legalize recreational marijuana, companies are betting people will also want […]
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These pandemic snacking and drinking habits are here to stay, candy and booze companies say
People visit the M&M store in Times Square on July in New York City. Spencer Platt | Getty Images The Covid-19 pandemic significantly changed consumer behavior from where they shopped to what they bought. That was felt throughout the snacks and spirits industries and some of those habits have hung on, senior executives from Beam […]
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Molson Coors to return to the Super Bowl for the first time in more than 30 years
Molson Golden and Coors Light beer bottles are pictured at the Asylum bar in New York. Andrew Harrer | Bloomberg | Getty Images Molson Coors Beverage will return to the Super Bowl next year, making its first appearance during the big game in more than 30 years. The move comes after archrival Anheuser-Busch InBev announced […]
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Nikola stock jumps as EV truck maker reports start to production and surprise Q1 revenue
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it shipped its first semitrucks to customers in April, and that it now has purchase orders and letters of intent for over 500 of its battery-electric Tre trucks. The company is also working with clients including Anheuser-Busch Inbev to complete a longer-range […]
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