Beverages
Lady arrested for allegedly throwing wine at Rep. Matt Gaetz
U.S. Rep.-elect Matt Gaetz (R-FL) delivers remarks in the Property Chamber all through the fourth working day of elections for Speaker of the House at the U.S. Capitol Building on January 06, 2023 in Washington, DC. Earn McNamee | Getty Illustrations or photos A Florida woman was billed with felony battery soon after she allegedly […]
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Citi says buy 3 stocks tied to the consumer for the same reasons we own them
Procter & Gamble (PG), Estee Lauder (EL) and Constellation Brands (STZ) can navigate any economic slowdown in the short term while offering long-term growth opportunities, according to Citi in a new research note. The bullish call on these consumer-tied companies aligns with our view and comes as defensive stocks have fallen out of favor in […]
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Acquire earnings on Starbucks right after its substantial run, and examine out these 3 other stocks
In Friday’s “Morning Assembly,” we dug into our inbox and discovered an superb concern lifted by a member of the Investing Club. Starbucks – like Halliburton – has experienced a great run these days. The Club trimmed some Halliburton on Thursday . Why not trim Starbucks also? I have a double-digit % gain on shares […]
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2 of our stocks get nice pops. Here’s the news and what we think
As Wall Street on Tuesday attempted to hold onto recent gains, we received positive updates on two Club holdings that are seeing outsized moves to the upside: Danaher (DHR) and Constellation Brands (STZ). DHR 1Y mountain Danaher’s 1 year stock performance Danaher is set to present at the JPMorgan Healthcare Conference on Tuesday afternoon. However, […]
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Constellation Brands’ shares tumble as higher costs hit beer supply chain
A worker stacks cases of Constellation Brands’ Corona beer for delivery at the Euclid Beverage LLC warehouse in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Constellation Brands fell Thursday after the wine, beer and spirits company reported ongoing supply chain costs that offset sales growth in its beer category. The stock closed […]
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Dubai nixes its 30% liquor tax in a bid to draw in far more tourism
Media, not the accommodations by themselves, generally label motels like Burj Al Arab as “six-star” or “7-star” lodges. Waitforlight | Minute | Getty Visuals DUBAI, United Arab Emirates — Dubai is scrapping its 30% tax on alcohol gross sales for the relaxation of the year, the emirate’s municipality announced Monday, the most current go in […]
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Beer is on pace to lose its leading share of the U.S. alcohol market as spirits surge
Witthaya Prasongsin | Moment | Getty Images Beer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories, including ready-to-drink cocktails. Even legacy beer companies have expanded outside of their staple beer products with innovations for spirits drinkers. Anheuser-Busch InBev, the world’s largest brewer, has […]
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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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Spotted lanternflies are feasting on U.S. grapevines and putting vineyards at risk
It’s 2 p.m. in Pylesville, Maryland, and Mike Fiore is patrolling the vineyards he’s owned since 1975 for an insect that recently began wreaking havoc on his property – the invasive spotted lanternfly. “If we don’t destroy them, [they’ll] destroy us,” said Fiore, a 78-year-old immigrant from Italy whose family has been in the wine […]
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Jim Beam ramps up bourbon production in $400 million renewable energy push
Bottles of Jim Beam Kentucky Straight Bourbon whiskey stand on display during a news conference in Tokyo, Japan, Jan. 30, 2020. Noriko Hayashi | Bloomberg | Getty Images Beam Suntory said Wednesday it is aiming to produce more Jim Beam bourbon while cutting back on its greenhouse-gas emissions. The company, which is owned by Japanese […]
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