With the stock market deeply oversold this week, we strategically invested our cash in various sectors, such as energy, technology, and materials. Additionally, we added a former Club chipmaker to our Bullpen and upgraded a premium beer brand to a buy rating. The market’s Friday reversal allowed us to fulfill our commitment to trim a …
McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Discover the latest news surrounding prominent companies during midday trading. Rivian Automotive — Rivian Automotive shares plummeted by 19% after the electric vehicle manufacturer announced its intention to raise $1.5 billion through convertible notes. Additionally, their preliminary revenue guidance for the third quarter …
The revolutionary emergence of new medications designed to combat obesity may have a significant impact on the consumption of alcohol, potentially affecting renowned brand Constellation Brands (STZ). This risk is already being observed within the food industry, particularly among companies that specialize in snacks and junk food. However, Constellation Brands, the powerful Mexican beer company …
The remarkable interest from activist-investors in Salesforce (CRM) has continued to decline in the second quarter, according to the latest regulatory filings from influential Wall Street professionals. These prominent investors have also made moves in nine other Club stocks during a strong three-month period that marked the best first half of the market in years. …
Florida Governor Ron DeSantis has taken action to investigate whether AB InBev, the parent company of Bud Light, has violated its duties to shareholders amidst backlash surrounding the brand’s partnership with transgender social media influencer Dylan Mulvaney. As a conservative, DeSantis instructed the State Board of Administration to launch an immediate review into the impact …
A shopper exits a Nike store in Chicago’s bustling Magnificent Mile shopping district, proudly carrying a purchase. (Image credit: Scott Olson | Getty Images) Discover the most significant movers in premarket trading. Nike — Shares of the renowned sports apparel giant fell by nearly 3% after reporting an uncharacteristic earnings miss, breaking a streak of …
A captivating display of Modelo Especial beer in the vibrant borough of Brooklyn, New York, U.S., on Tuesday, November 23, 2021. Gabby Jones | Bloomberg | Getty Images Last month, Bud Light relinquished its leading position in the U.S. beer market due to a decline in sales. This decline was largely attributed to the controversy …