Beverages
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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The tequila brand founded by Michael Jordan and other NBA owners makes a new play for the luxury market
Cincoro launched in 2019 by NBA owners Michael Jordan of the Charlotte Hornets, Jeanie Buss of the Lakers, Wes Edens of the Bucks and Emilia Fazzalari and Wyc Grousbeck of the Celtics. Source: Cincoro Tequila They’re rivals on basketball’s biggest stage. But when it comes to tequila, they’re friends. Cincoro, the label created by five National […]
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How we’re positioning our portfolio heading into the worst month of the year
We’ve been shaping our investments around companies that can historically hold up in tough environments, and using downturns to buy high-quality tech. Source
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3 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Jim Cramer explains why the CNBC Investing Club is putting cash to work during Monday’s market declines — and discloses the one stock he’s looking to sell. Source
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We’re buying some more tech and two of our newer stocks in a down market
As Jim Cramer wrote Sunday, the Club is sticking with tech stocks as we believe the end is near. Source
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments: Stocks slide to start trading week Oil declines after our Coterra sale alert Constellation bucks the market Another Amazon health-care move? 1. Stocks slide to start trading week All three […]
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Here are 5 stocks in our portfolio that can benefit from rising interest rates
A strong labor market with robust wage gains might mean the Fed still has more work to do. Source
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BofA upgrades beverage company Vita Coco, citing declining ocean freight costs
Bank of America sees a stabilizing ocean freight market as a positive catalyst for Vita Coco going forward. The firm on Friday upgraded the beverage company’s stock to buy and raised its price target to $12 from $10. The stock jumped more than 17% Friday to trade at about $11.60 per share. The price change […]
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