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☆ Corona beer maker Constellation Brands takes action aimed at enhancing shareholder value and stock pops
▼ + stars: | 2023-07-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Constellation Brands (STZ) shares are popping more than 3% in after-hours trading after the Corona and Modelo beer company made a slew of announcements to enhance its corporate governance. The selection of these two board members was made as part of a collaboration with an activist investor that's known to shake things up to create value for shareholders: Elliott Management. Elliott was also recently involved in a multi-activist situation at Club name Salesforce (CRM), which resulted in more value for shareholders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Luca Zaramella, Bill Giles, it's, Elliott, Bud Light, Bud, Jim Cramer's, Jim Cramer, Jim Organizations: Constellation Brands, Corona, Mondelez, AutoZone, Elliott Management, Club, Constellation, Modelo Especial, Molson Coors Beverage . Molson, Anheuser, Busch Inbev, Budweiser, CNBC, Getty Locations: Modelo, United States, Corona

☆ MLB roundup: Rockies stun Yanks in bottom of 11th
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJuly 17 - Alan Trejo hit a walk-off homer in the 11th inning, C.J. Cron hit a grand slam, and the Colorado Rockies rallied to beat the New York Yankees 8-7 in Denver on Sunday. Cabrera and Gleyber Torres each had two hits for New York in the rubber game of a three-game series. Robert finished with three RBIs, and Andrew Benintendi added three hits, three runs and an RBI for the White Sox. Paul Goldschmidt hit a two-run homer for the Cardinals, who took two of three games for their second straight series win.

Persons: Alan Trejo, Isaiah J, Downing, Cron, Oswaldo Cabrera, Oswald Peraza, Nolan Jones, Nick Ramirez, Ramirez, Ron Marinaccio, Trejo, Michael Toglia, Jones, Gavin Hollowell, Cabrera, Gleyber Torres, Alex Bregman, Kyle Tucker, Chas McCormick, Jake Meyers, Rafael Montero, Phil Maton, Shohei, Tucker, Los Angeles, Jaime Barria, Bregman's, Luis Guillorme, Mark Canha, Brett Baty, Nick Robertson, Guillorme, Freddie Freeman, David Robertson, James Outman, Michael Conforto, Patrick Bailey, Alex Wood, Ryan Walker, Bryan Reynolds, Henry Davis, Jared Triolo, Yerry De Los Santos, Kyle Bradish, Bradish, Anthony Santander, Johnny Cueto, Luis Robert Jr, Jake Burger, Robert, Andrew Benintendi, Matt Olson, Josh Jung, Will Smith, Cody Bradford, Trevor Stephan, Cleveland's Steven Kwan, Vladimir Guerrero's, Danny Jansen, Santiago Espinal, Kevin Kiermaier, Jansen, George Springer, Ketel Marte, Lourdes Gurriel Jr, Christian Yelich, Devin Williams, Matt McLain, Kyle Schwarber, Edmundo Sosa, Schwarber, Bryson Stott, Bryce Harper, Brandon Marsh, Stott, Jeff Hoffman, Seong Kim, Xander Bogaerts, Fernando Tatis Jr, Trent Grisham, Bobby Witt Jr, Drew Waters, Brady Singer, Zach Eflin, Singer, Eflin, Nolan Gorman, Louis, Paul Goldschmidt, Jack Flaherty, Josiah Gray, Dominic Smith, Keibert Ruiz, Masataka Yoshida, Kutter Crawford, Yoshida, Rafael Devers, Casas, Crawford, Mike Tauchman, Alex Kirilloff, Kirilloff, Zack Gelof, Minnesota's Jhoan Duran, Bryce Miller, Miller, Cal Raleigh, J.P, Reese Olson Organizations: Colorado Rockies, New York Yankees, Coors Field, USA, Sunday, Yankees, New York, Astros, Angels, Houston, Los, Mets, Dodgers, New, Los Angeles, The Dodgers, Giants, Pirates, San, Pittsburgh . Giants, Orioles, Marlins, Baltimore, Sox, Braves, Chicago, White Sox, NL, Atlanta, Rangers, Cleveland, Blue Jays, Diamondbacks, Toronto, Santiago, Brewers, Reds, Milwaukee, Cincinnati, National League Central, Phillies, Padres, Philadelphia, San Diego, Royals, Rays, Kansas City, Tampa, The Rays, Tampa Bay, Cardinals, Nationals, Red Sox, Cubs, Boston, Athletics, Oakland, Mariners, Tigers, Seattle, Detroit, Cal, Thomson Locations: Denver , Colorado, USA, C.J, Denver, Colorado, Los Angeles, Anaheim , Calif, Los, New York, San Francisco, Pittsburgh, Miami, Atlanta, Oakland, Texas, Arlington , Texas, Arizona, Kansas, Tampa Bay, Washington, Red, Minnesota

Former Vice President Mike Pence will report raising nearly $1.2 million in the first three weeks of his presidential campaign, according to a Pence adviser. Pence has gotten support from some major Republican donors, according to the Pence adviser. Haley Barbour, former beer magnate Pete Coors, and Ross Perot, Jr., whose father waged an independent campaign for president in 1992. It's not yet clear if these donors contributed to the Pence campaign directly, his aligned super PAC, or if they have also contributed to other presidential candidates. The pro-Pence super PAC, Committed to America, has also raised nearly $2.7 million, according to the adviser.

Persons: Mike Pence, Pence, Joe, Kelly Craft, Donald Trump's, Daniel Cameron, Pence's, Haley Barbour, Pete Coors, Ross Perot, Jr, Ron Cameron, Warren Stephens, It's Organizations: Federal, Commission, GOP, Mississippi Gov, Trump, Pence, Republican National Committee Locations: Kentucky, Mississippi, America, Iowa

☆ The Match 2023: Learning on YouTube, trash talk and charity: it’s NBA vs. NFL this year
▼ + stars: | 2023-06-29 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

“I try not to overcomplicate things, especially this close to The Match, you just want to play your game,” Thompson explained to reporters. “Last night I watched Dustin Johnson and Rory McIlroy’s tutorial on the scoring shots, so I learned some things. Michael Reaves/Getty ImagesAnd like previous editions of The Match, there has been plenty of trash talking between the two parties already. “Getting real inspired by what I see on the TV, Pat,” a laughing Curry says while swinging a golf club. Carmen Mandato/Getty Images“As far as the pace of play, it’s perfect for Travis because that’s how, that’s how he usually plays anyways.

Persons: Klay Thompson, Steph Curry –, Patrick Mahomes, Travis Kelce, “, ” Thompson, I’ve, Dustin Johnson, Rory McIlroy’s, teeing, Ernie Johnson, of Famer Charles Barkley, Trevor Immelman, Draymond Green, Von Miller, Mahomes, Curry, Michael Reaves, ”, “ It’s, Kelce, Steph, Klay, Pat, that’s, “ We’ve, we’ve, I’m, Wynn, “ I’m, ” Mahomes, he’s, Carmen Mandato, Travis Organizations: CNN, Golden State Warriors, Kansas City Chiefs, NFL, Wynn Golf Club, of Famer, Golden Bear, Club, YouTube, Chiefs, Super, “, Raiders, Pro, NBA, Coors, TNT, Warner Bros, HBO, TBS Locations: Las Vegas, Vegas, United States

☆ Cheaper Than Water? Retailers Try to Unload Bud Light.
▼ + stars: | 2023-06-29 | by ( Julie Creswell | ) www.nytimes.com time to read: +1 min

With the summer sales season well underway — the four months between May and August make up as much as 40 percent of annual beer sales — the question swirling around Bud Light is whether the slump is temporary or the new normal. “Here we are about 10 weeks into it, and we’re still seeing double-digit declines in volumes nationally,” said Bump Williams, who runs the consulting firm that bears his name. A third of distributors believe the impact on Bud Light will be permanent. When asked how long he thought the sales declines would linger, Mr. Wagner shrugged. “I’ve seen longtime Bud Light customers trying other beers,” he said.

Persons: Light, we’re, ”, Bump Williams, Bud, Wagner, Busch, Glenn Miller’s, Wagner shrugged, “ I’ve Organizations: Anheuser, Busch, Molson Coors, Wall, Jefferies, Bud Light

☆ MLB roundup: Angels' 13-run inning leads 25-1 rout of Rockies
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +11 min

Moniak went 5-for-5 and finished with four extra-base hits as the Angels set a franchise record for most runs scored in a game. Eduardo Escobar, acquired from the New York Mets on Friday, had two hits and scored four times in his Angels debut. Trea Turner had an RBI single while Bryson Stott and Brandon Marsh each finished with two hits. William Contreras had an RBI single and Christian Yelich scored twice for the Brewers, who have lost three of their last five games. Starter Pablo Lopez (3-5) gave up three runs and seven hits in six innings while recording 10 strikeouts.

Persons: Mike Trout, Brandon Drury, John Leyba, Matt Thaiss, Mickey Moniak, Moniak, Eduardo Escobar, Hunter Renfroe, David Fletcher, Drury, Thaiss, Taylor Ward, Griffin Canning, Brenton Doyle, Chase Anderson, Travis d'Arnaud, Matt Olson, Ozzie Albies, Marcell Ozuna, Michael Tonkin, Raisel Iglesias, Jake Fraley, Will Benson, Iglesias, Matt McLain, Jonathan India, Ian Happ, Justin Steele, Louis the, Happ, Louis, Adam Wainwright, Dansby Swanson, Christopher Morel, Yan Gomes, Nick Madrigal, Steele, Elvis Andrus, Kenley Jansen, Zach Remillard, Yasmani Grandal, Jake Burger, Luis Robert Jr, Andrew Vaughn, Jansen, Gavin Sheets, Clint Frazier, Triston Casas, Justin Turner's, Kendall Graveman, Jarren Duran, Casas, Luis Matos, Joc Pederson, Blake Sabol, Thairo Estrada, Lourdes Gurriel Jr, Camilo Doval, Pavin Smith, Merrill Kelly, Ryan McKenna, Mike Baumann, Anthony Santander, Mike Ford's, Felix Bautista, Aaron Hicks, Crawford, Julio Rodriguez, Max Scherzer, Pete Alonso, Starling Marte, Nick Castellanos, Trea Turner, Bryson Stott, Brandon Marsh, Cristopher Sanchez, Luis Severino, Severino, Billy McKinney, Aaron Judge, Jon Gray, Gray, Marcus Semien, Jason Heyward, James Outman, Stanek, Jonny Deluca, Alex Bregman, Ronel Blanco, Danny Jansen, Vladimir Guerrero Jr, Guerrero, Jose Berrios, Seth Brown, Jon Berti, Luis Arraez, Joey Wendle, Nick Fortes, Arraez, Osvaldo Bido, Andrew McCutchen, Jordan Lyles, Lyles, Freddy Fermin, Drew Waters, Bay's, Franco, Vidal Brujan, David Fry, Fry, Jose Ramirez, Josh Naylor, Andres Gimenez, Tanner Bibee, Emmanuel Clase, William Contreras, Christian Yelich, Freddy Peralta, Reese Olson, Zach McKinstry, Olson, Alex Lange, Carlos Correa, Joey Gallo, Pablo Lopez, Jeimer, Lane Thomas, Matt Waldron's, Josiah Gray, Mason Thompson, Kyle Finnegan, Hunter Harvey, Waldron Organizations: Los Angeles Angels, Colorado Rockies, Coors Field, Angels, New York Mets, Los, Rockies, Braves, Reds, Atlanta, Cincinnati, Cubs, Cardinals, Chicago, St, . White Sox, Red Sox, Boston, Giants, Diamondbacks, National League West, Arizona, Orioles, Mariners, Baltimore, Seattle, The Mariners, Mets, Phillies, Philadelphia, Yankees, Rangers, New York, Texas, Dodgers, Astros, Houston, Blue Jays, Athletics, Toronto, Oakland, Marlins, Pirates, Miami, Pittsburgh, Royals, Rays, Kansas City, Brewers, Cleveland, Milwaukee, Guardians, Tigers, Detroit, Twins, Padres, Washington, San, Thomson Locations: Denver , Colorado, USA, Denver, Los Angeles, Atlanta, Chicago, Yasmani, Francisco, Arizona, New York, Tampa, Lyles, Minnesota, San Diego

☆ Los Angeles Angels break franchise records in 25-1 annihilation of Colorado Rockies
▼ + stars: | 2023-06-25 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —The Los Angeles Angels enjoyed a historic night on the road Saturday at Coors Field, setting new franchise records for both runs and hits in a game as they dismantled the Colorado Rockies 25-1, scoring 25 runs on 28 hits. We attacked pitches in the zone and hitting gets contagious sometimes,” Angels manager Phil Nevin said afterwards. Dustin Bradford/Getty ImagesThe Angels scored 13 runs in the third, tying a franchise record which had previously been set in 1997 and 1978. It was a less auspicious record-breaking night for the Rockies as they succumbed to their worst defeat in franchise history, according to Reuters. “Today was just one of those days, where everyone was feeling good and we were getting the right pitches to hit,” Moniak added, according to ESPN.

Persons: Phil Nevin, “, Mike Trout, Brandon Drury, Matt Thais, David Fletcher, Mickey Moniak, Dustin Bradford, ” Moniak, Hunter Renfroe, Chase Anderson, Matt Carasiti, Moniak, ” Organizations: CNN, Los Angeles Angels, Coors Field, Colorado Rockies, Angels, MLB, Getty, Rockies, Reuters, “, ESPN

☆ Here are Wednesday's biggest analyst calls: Nike, Tesla, Amazon, Apple, Adobe, Uber, Micron and more
▼ + stars: | 2023-06-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs upgrades Petrobras to buy from neutral Goldman Sachs said the Brazilian petroleum company has an attractive valuation. "As such, we believe the potential for sustained upside to Street OI estimates ahead will be a key catalyst for shares." Citi initiates Everest as buy Citi initiated coverage of the insurance company and said it's "capitalizing on the most favorable reinsurance underwriting environment in decades." Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by its buy rating heading into Nike earnings next week. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the stock heading into earnings next week.

Persons: Barclays downgrades Tesla, Goldman Sachs, Wolfe, it's bullish, TD Cowen, Ralph Lauren, it's, Cowen, Jefferies, OneSpaWorld, Oppenheimer, Uber, Bud, JPMorgan, Tyler, Goldman, Bernstein, Oracle, Needham, Christine McCarthy, Snowflake, Shopify, Morgan Stanley, Dell, Yvonne McGill, Apple Organizations: Street, Barclays, LT, Petrobras, Spotify, BMO, Adobe, Citi, Bank of America, FedEx, Nike, IAC, Amazon, Molson Coors Citi, TAP, Tyler Technologies, Micron, Oracle, — Oracle, Windows, Disney, DIS, Carnival, TAM, Deutsche Bank, Dell, IR, Apple Locations: OW, 2H23, Nike's

☆ Here are 5 key trends shaping the liquor industry as spirits overtake beer for the first time
▼ + stars: | 2023-06-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

Jason Koerner | Getty ImagesCHICAGO — The spirits industry is overcoming economic headwinds to meet changing consumer preferences as it chips away at the dominance of beer. Despite supply chain issues and high inflation, the beverage alcohol industry has a lot to toast to these days, said Chris Swonger, president and CEO of DISCUS. "This is a great American success story," Swonger said of the industry's market share supremacy. As the spirits industry works to maintain its top spot this year amid fears of a recession, here are some key trends industry leaders who spoke to CNBC see shaping the business today. The company runs incubator and accelerator programs to develop Black talent within the spirits industry.

Persons: Casamigos, Alo, Jason Koerner, Beer, Chris Swonger, Swonger, We're, George Clooney, Mark Wahlberg, Wahlberg, Aron Marquez, Ryan Reynolds, Sean, Diddy, Combs, Kendall Jenner, Dwayne Johnson, Michael Jordan, David Beckham, it's, Patrick Shorb, Molson Coors, Tobin Ludwig, Pinkard Organizations: Alo Miami, Getty, CHICAGO, CNBC, Diageo, Chicago, Brands, Heineken, Anheuser, Busch InBev, Molson, Hella, Black Locations: Miami, United States, Chicago, Pennsylvania

June 14 (Reuters) - Anheuser-Busch InBev's (ABI.BR) Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' (STZ.N) Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. REUTERS/Richa NaiduConstellation's Modelo Especial was the top-selling beer brand in the United States with an 8.4% share of overall beer sales through retail stores for the period ending June 3, data from Bump Williams showed. Bud Light came in second with a 7.3% share. AB InBev's overall sales growth declined 12% in the four weeks ended May 20, data from NielsenIQ and TD Cowen showed.

Persons: Busch, Bud Light, influencer Dylan Mulvaney ., Bump Williams, Michel Doukeris, Bud Light's, Dylan Mulvaney, Miller, Jon Reynolds, Bud, seltzer, Richa Naidu, TD Cowen, Cowen, Vivien Azer, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Constellation Brands, Modelo, Budweiser, Modelo Especial, InBev, Conservative, Target, Molson Coors, University of Vermont, REUTERS, Euromonitor International, Reuters, Thomson Locations: U.S, NielsenIQ, Chicago , Illinois, United States, Bengaluru

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more
▼ + stars: | 2023-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."

Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo

Overall U.S. beer sales grew 1.8% in the 12 weeks ended May 20, according to data from research firms NielsenIQ and TD Cowen. Sam Adams maker Boston Beer, the largest craft beer maker, saw its market share slip last year. Bud Light and Coors Light, popular premium light beers, average about $7.40 for a 12-ounce six-pack, while Boston Beer's Sam Adams costs between $10 to $12. "The American consumer likes light beer," Molson Coors CEO Gavin Hattersley said at a conference in early June. "I think dynamics within the subsegment might change, but the overall consumption of light beer is not going to change materially."

Persons: Beer, Neil Reid, TD Cowen, Vivien Azer, Sam Adams, Boston Beer, Bud Light, Jon Reynolds, Reid, influencer Dylan Mulvaney, Michel Doukeris, Gavin Hattersley, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Busch InBev, Molson Coors Beverage, University of Toledo, Refinitiv, Molson Coors, InBev, Boston Beer Co, Reuters Graphics, Boston, Constellation Brands, Modelo, Reuters, Brewery, Miller, University of Vermont . Giants, AB InBev, Thomson Locations: United States, NielsenIQ, Corona, American, Bengaluru

☆ Bud Light lost its sales crown to Modelo Especial amid right-wing backlash, report finds
▼ + stars: | 2023-06-10 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +2 min

Bud Light sales dropped 23% in May, according to data from research firm Circana. Bud Light sales plunged 23% year-over-year in May to $297.3 million, according to data compiled by consumer-behavior research firm Circana and shared with Insider. Anheuser-Busch suffered weeks of backlash from a Bud Light promotion featuring trans influencer Dylan Mulvaney. Analysts at JPMorgan recently warned that Bud Light sales could drop as much as 13% this year. Rounding out the top five in beer sales for May were Michelob Ultra, Coors Light, and Miller Lite, Circana reports.

Persons: Bud, —, Bud Light, influencer Dylan Mulvaney, Dylan Mulvaney, Gene J, Rob Kim, Bud Light's, Miller Organizations: Bud Light, Modelo, Service, Especial, Constellation Brands, Conservative, Anheuser, Busch, Associated Press, JPMorgan, Coors

☆ MLB roundup: Braves rally, win 10-inning slugfest vs. Mets
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +8 min

Marcell Ozuna went deep and Travis d'Arnaud hit a two-run homer in the eighth inning that closed the deficit to one run. After the Phillies coughed up the late lead to trail 2-1 in the ninth, they tied it on a sacrifice fly from Brandon Marsh before Clemens' RBI hit off Alex Lange (3-2). Jake Burger hit a two-run homer and Luis Robert and Yoan Moncada hit solo home runs for the White Sox. Mike Clevinger (3-4) allowed three runs on six hits in 5 2/3 innings for the White Sox. Yonny Chirinos (3-1), recalled from Triple-A Durham earlier in the day, allowed one run on five hits over 5 2/3 innings.

Persons: Ozzie Albies, Dale Zanine, Albies, Tommy Hunter, Austin Riley, Marcell Ozuna, Travis d'Arnaud, Orlando Arcia, David Robertson, Brandon Nimmo, Francisco Alvarez, Zack Wheeler, Kody Clemens, Wheeler, Brandon Marsh, Clemens, Alex Lange, Zack Short, Nick Maton, Jose Ramirez, Ramirez, Will Brennan, Andres Gimenez, Myles Straw's, Cleveland, Boston's Triston Casas, Enrique Hernandez, Jarren Duran, Jose Berrios, Alex Bregman, Framber Valdez, Ramon Urias, Gunnar Henderson's, Keegan Akin, Peter Strzelecki, Owen Miller, Jon Singleton, Jo Adell, Reid Detmers, Drew Smyly, Chicago's Trey Mancini, Michael Conforto, Thairo Estrada, Scott Alexander, Camilo Doval, Nolan Jones, Profar, Clayton Kershaw, David Peralta, Kershaw, Chris Taylor, Matt McLain, Elly De La Cruz, McLain, De La Cruz, Eloy Jimenez, Jake Burger, Luis Robert, Yoan Moncada, Robert, Jimenez, Michael King, Gregory Santos, Willie Calhoun, Billy McKinney, Aaron Judge, Kyle Higashioka, Randy Vasquez, Nestor Cortes, Vasquez, Gavin Sheets, Mike Clevinger, Harold Ramirez, Luke Raley, Josh Lowe, Yonny Chirinos, Carlos Correa, Michael A, Taylor, Alex Kirilloff Organizations: Atlanta Braves, New York Mets, Atlanta, New York, Phillies, Tigers, Philadelphia, Detroit, Red Sox, Cleveland, Boston, Blue Jays, Astros, Brandon Belt, Toronto, Houston . Blue Jays, Houston, Orioles, Brewers, Baltimore, Milwaukee, Angels, Cubs, Chicago, Triple, Giants, Rockies, Colorado, Coors Field, Dodgers, Reds, Los Angeles, Cincinnati, Kershaw ., Kershaw . White Sox, Yankees, New, White Sox, Rays, Twins, Tampa, American League Central, Thomson Locations: Cumberland , Georgia, USA, Truist, York, Brandon, Milwaukee, Los Angeles, Anaheim , Calif, San Francisco, Denver, Los, Kershaw . White, New York, Minnesota, St . Petersburg, Fla, Tampa Bay

☆ Bud Light sales keep slipping. But it remains America’s top-selling beer
▼ + stars: | 2023-06-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

For the past several weeks, Bud Light sales declines have hovered around 25% weekly because of customer revolt following an Instagram partnership with transgender influencer Dylan Mulvaney. In response, Anheuser-Busch (BUD) said it was bolstering marketing on Bud Light and would offer rebates to customers. Bud Light has made up 35.1% of domestic beer sales this year (through May 27), according to NIQ. The biggest beneficiaries of Bud Light’s slipping sales continue to be MolsonCoors’ Miller Light and Coors Light, with sales up a whopping 26% and 23% respectively, according to NIQ. Sales of its Modelo Especial and its recently launched low-carb beer Modelo Oro are strong with sales up 9.5% and its share of the total beer category surpassing Bud Light last week, Williams said.

Persons: New York CNN —, Bud Light, Bump Williams, Bud, influencer Dylan Mulvaney, BUD, Williams, Bud Light’s, NIQ, ’ Miller Organizations: New, New York CNN, Memorial, Bud Light, Anheuser, Busch, CNN, Coors, Beer Business, Modelo, Constellation Brands, Modelo Especial, Cinco de Mayo Locations: New York, America, United States, Beer, Oro, Cinco

☆ Here are Tuesday's biggest analyst calls of the day: Tesla, Apple, FedEx, Adobe, AT&T, Coinbase and more
▼ + stars: | 2023-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America upgrades McCormick to buy from underperform Bank of America said it sees an improved cost outlook for McCormick. "Our prior Underperform rating was predicated on negative revision risk to revenues and margins. Bank of America upgrades Molson Coors to neutral from underperform Bank of America said Molson is poised for share gains after the Bud controversy. Bank of America upgrades Cigna to buy from neutral Bank of America said it sees an attractive risk/reward outlook for the stock. Piper Sandler reiterates Tesla as overweight Piper said Tesla shares aren't cheap but is standing by its overweight rating.

Persons: D.A, Davidson, Goldman Sachs, it's, We're, McCormick, Molson, Bud, MoffettNathanson, JPMorgan Chase downgrades Cabot, JPMorgan Chase, Cabot, Morgan Stanley, AMCX, Piper Sandler, Tesla, Piper, Mizuho, Coinbase, … Organizations: . Deutsche Bank, Shell Deutsche Bank, Shell, Apple, Holdings, Bank of America, underperform Bank of America, Molson Coors, Bud Light, Barclays, Adobe, " Bank of America, of America, JPMorgan, FedEx, UPS, RBC, AMC Networks, UW, U.S . Securities, Exchange, SEC, Binance Locations: Washington, Americas, China

☆ Boycotts hit stocks hard. Here's what might be next for Bud, Target and others caught in the anti-Pride backlash
▼ + stars: | 2023-06-03 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

Stock Chart Icon Stock chart icon Anheuser-Busch InBev shares hit a 52-week high of $67.09 on March 31. Bud Light has tried to win back customers with a $15 off rebate program on Budweiser, Bud Light, Bud Select and Bud Select 55. Stock Chart Icon Stock chart icon Target's stock hit a 52-week low on Thursday. Stock Chart Icon Stock chart icon VF Corp. shares traded as low as $16.77 on Thursday. Stock Chart Icon Stock chart icon Kohl's shares on Thursday hit a low of $17.89, the stock's lowest level since May 22, 2020, when it traded as low as $17.19.

Persons: BUD TGT, Justin Sullivan, Bud Light, Dylan Mulvaney, Pattie Gonia ., it's, Brayden King, Cowen, Vivien Azer, Miller, Azer, Bud, Brandon Bell, King, Sarah Kate Ellis, recouping, Christopher Horvers, Horvers, Wells, Edward Kelly, Kelly, Americus Reed Organizations: TAP, Anheuser, Busch, Target, VF Corp, North, Pride, Busch InBev, Coors, Molson Coors, Lite, Bud, Budweiser, Walmart, Bud Light, Companies, GLAAD, JPMorgan, Americus, University of Pennsylvania Locations: San Francisco , California, Austin , Texas, Wells Fargo

☆ Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
▼ + stars: | 2023-06-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Sales rose 24% to $2 billion, up from $1.61 billion a year earlier. It expects full-year profit of $11.74 to $11.94 per share, compared with a prior range of $11.50 to $11.72. That also topped analysts' expectations, which called for $11.61 per share, according to Refinitiv. Lululemon is expecting second-quarter sales to be in the range of $2.14 billion to $2.17 billion, representing growth of about 15%. While DTC revenue increased compared to last year, it represented 42% of total sales, compared to 45% in the year-ago period.

Persons: Meghan Frank, Lululemon, men's, they're, Frank, we'll Organizations: Club, Constellation Brands, Molson Coors Locations: China

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ Amazon introduces palm-scanning technology that would let customers buy a beer without reaching for their wallet at the bar
▼ + stars: | 2023-05-31 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amazon has announced that its Amazon One feature will soon be used to purchase alcohol. The technology allows customers to have their age and payment information accessed by their palm. Irish Haven was a cash-only bar for decades before introducing digital payments in 2020, so Hogan is hesitant to implement palm payments and age verification. Amazon One, Hogan said, could eliminate an important conversation between a bartender and patrons to determine if a person has been drinking prior to visiting his bar. In 2022, Amazon's falter with brick-and-mortar stores led the retail giant to shift its focus to licensing its cashierless technology to third-party retailers.

Persons: —, John McKay, isn't, Matt Hogan, Hogan, hasn't Organizations: Amazon, Coors, Service, Foods, Coors Field, Colorado Rockies Major League Baseball, Colorado Rockies Locations: Denver, Haven

☆ Amazon lets users buy alcohol with its palm-scanning payment system
▼ + stars: | 2023-05-22 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon is adding a feature to its palm-based payment system that will allow users to buy alcohol by swiping their hand. The system, called Amazon One, lets people pay for items by placing their palm over a scanning device. To purchase alcohol, users have to upload a government-issued ID on the Amazon One website, the company wrote in a blog post on Monday. To start, the Coors Field baseball stadium in Denver, Colorado, will let attendees use Amazon One to purchase alcohol, Amazon said. Amazon One and other payment systems that use biometric data have faced some pushback from privacy advocates.

☆ Anheuser-Busch loses top LGBTQ+ rating over its Bud Light response
▼ + stars: | 2023-05-19 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN —Last year, the Human Rights Campaign Foundation gave Bud Light parent company Anheuser-Busch a top rating for LGBTQ+ equality. Bud Light sales dropped in the ensuing weeks. Bud Light has been embroiled in controversy since April. But Bud Light hasn’t gotten the benefit of support for its initial deal with Mulvaney because of its subsequent reaction. During the discussion, he mentioned that Bud Light is just one brand within the company’s broad portfolio, which has not changed its full-year outlook.

☆ Fact Check-Miller Lite beer owned by Molson Coors, not Anheuser-Busch or AB InBev
▼ + stars: | 2023-05-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Beer brand Miller Lite is owned by Molson Coors Beverage Co, not Anheuser-Busch InBev. Posts online sharing a Miller Lite campaign video from March falsely claim the brand is owned by AB InBev. In April, transgender influencer Dylan Mulvaney’s sponsorship with Bud Light, a beer brand owned by Anheuser-Busch triggered a conservative backlash (here). A Molson Coors spokesperson said the company is separate from AB InBev and confirmed Miller Lite beer is a Molson Coors brand. Miller Lite beer is owned by Molson Coors Beverage Co, not Anheuser-Busch InBev.

☆ Investors may be crowding too much into defensive stocks amid market jitters
▼ + stars: | 2023-05-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500 posted its second straight weekly decline, falling 0.3% this week. Given this backdrop, investors have turned to several consumer staples — traditionally seen as defensive stocks — to shore up their portfolios. Mondelez , PepsiCo and Molson Coors — all staples — are the most overbought S & P 500 names through Friday's session. Shares of Mondelez have rallied more than 16% year to date, easily outperforming the S & P 500's 7.4% advance. Estee Lauder is the most oversold S & P 500 stock.

☆ Budweiser maker's profit jumps as customers absorb higher prices
▼ + stars: | 2023-05-04 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

[1/3] Bottles of non-alcoholic beer and dishwasher soap are pictured at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. The maker of Budweiser, Stella Artois and Corona repeated its 2023 forecast that core profit (EBITDA) would grow in line with its medium term outlook of between 4% and 8%, with revenue to grow ahead of EBITDA. He said AB InBev would invest more in Bud Light over the summer. First-quarter results of AB InBev's rivals Heineken and Carlsberg also showed consumer willingness to absorb higher prices. AB InBev's core profit rose by 13.6% on a like-for-like basis to $4.76 billion, compared with the 5.6% average increase expected in a company-compiled poll.

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