Most booze stocks are in the red heading into summer, but traders say one can play catch-up

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Most booze stocks are in the red heading into summer, but traders say one can play catch-up $BUD $TAP $STZ (via TradingNation)

"That's a level it bumped up against two other times, so, if it can finally break above that, ... this is a stock that's going to get a lot of upside momentum," he said."You always have to wait for that actual break to take place," he said, referring to the $50 level. "Don't try to get in front of it.""If you look across the losers, they are very different stories," she said in the same "Trading Nation" interview.

Constellation Brands, for one, is "very cheap relative to [its] long-term averages and they've actually maintained their dividend," she said. "So, depending on what you're looking for, that could be an interesting play.""Budweiser, interestingly, actually has the strongest operating margins, and it also has slashed its dividend in order to ensure that it survives this. So I think that the quality stock here probably is that ...

AB InBev, Boston Beer, Diageo and Brown Forman's stocks ended trading less than 1% higher on Thursday. Constellation Brands shares fell by about 2%. Molson Coors' stock fell 3.5%.

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TradingNation Really? Between take-out mixed drinks here in Texas and liquor stores as essential businesses, I’d think they’d be in the black. Well, let me slip on my mask and help their stocks.

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Asian stocks turn red as Hong Kong tensions sour moodAsian shares erased gains and the yuan languished on Thursday on growing worries China's planned security law for Hong Kong would spark a broader diplomatic confrontation with the United States. Thank you for your misleading! Without your help, I can't buy the dip. ;) red means it’s growing in Asia, so u should say its truning green I think the weakest of the souls make it to the stock markets. D moment some global events happen, these folks rush in with Diarrhoea... 🚽🚽 can chemists plz stock diapers for them..... 😠😠
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »