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☆ Bank of America says it's an official economic recovery now so history points to these stocks outperforming ahead
▼ + stars: | 2023-09-11 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

There appears to be an economic rebound taking place — and history shows ways to play it in the market, according to Bank of America. "It's official: we're in a Recovery," wrote strategist Savita Subramanian in a note to clients Sunday. An average recovery lasts nine months, though shorter durations seen in recent history raise concern that this one may not have staying power, she said. Still, the average analyst has a hold rating on the stock, according to LSEG. The average analyst has a hold rating on the stock, but price targets imply an upside of more than 7% on average.

Persons: Savita Subramanian, Subramanian, FactSet, Piper Sandler, John Barnidge, Barnidge, AIZ, Newell, Canaccord, Brian McNamara, McNamara, Molson Coors, Bud, Invesco, — CNBC's Michael Bloom Organizations: Bank of America, Wall, Newell Brands, LSEG, destocking, Anheuser, Busch InBev, Bud Light, TAP BUD, Molson Coors, Busch Inbev, Molson, ZOA Energy Locations: U.S

MINNEAPOLIS (AP) — The grit Baker Mayfield showed Tampa Bay down the stretch of his debut sure outweighed the rough start. Mayfield recovered to throw two touchdown passes without a turnover, and the Buccaneers beat Minnesota 20-17 in the season opener after three first-half turnovers by the Vikings on Sunday. “It wasn’t our prettiest effort by any means, but we finished the right way,” Mayfield said. But after going an NFL-record 11-0 in one-score games during the 2022 regular season, the Vikings ran out of that late-game mojo. The Vikings have less urgency around Jefferson with two seasons left on his rookie contract.

Persons: Baker, Mayfield, ” Mayfield, Chase McLaughlin, Tampa Bay —, Todd Bowles, “, Tom Brady, Mike Evans, Shaquil Barrett, Chris Godwin, ”, ” Kirk Cousins, Jordan Addison, Alexander Mattison, Justin Jefferson, Kevin O'Connell, Jay Ward, McLaughlin, Trey Palmer, Cousins, Antoine Winfield Jr, Vita Vea, Christian Izien, Osborn, Izien, Ed Ingram, ” Cousins, Evans, Jefferson, Bud Grant, Grant, LB Lavonte David, Vea, Calijah, C Garrett Bradbury, LT Christian, OLB Marcus Davenport, ___ Organizations: Buccaneers, Minnesota, Vikings, Tampa Bay, Bucs, Browns, Panthers, Rams, BEST, The Vikings, LB Lavonte, LT, NEXT Buccaneers, Host Chicago, Sunday Locations: MINNEAPOLIS, Tampa, Winfield, Jefferson, Philadelphia

☆ Bill Gates made a nearly $100 million bet on Bud Light
▼ + stars: | 2023-09-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

Gates bought the stock around the time A-B reported earnings that fully encompassed the fallout from Bud Light’s partnership with transgender influencer Dylan Mulvaney. Last month, A-B said that its US revenue fell 10% in the second quarter, hampered by falling Bud Light sales. A few weeks later, Modelo overtook Bud Light in sales at grocery and beer stores, according to NIQ data, marking the first time Modelo has ever beaten Bud Light on a year-to-date basis. However, the difference is slim with Modelo holding 8.34% share of dollars spent on beer vs. 8.28% for Bud Light through August 12. Gates, who has previously admitted that he’s “not a big beer drinker,” has bought other beer brands too.

Persons: Bud Light’s, Bill Gates, Melinda Gates, Gates, influencer Dylan Mulvaney, Bud, Bud Light, he’s, ” Organizations: New, New York CNN, Anheuser, Busch, Melinda Gates Foundation Trust, Revenue, Modelo, Bud Light, Heineken Holding Locations: New York, North America, Canada, United States

☆ Republican lawmakers want to stop businesses in a small Florida town from displaying rainbow stickers to show they are a safe place for LGBTQ+ people
▼ + stars: | 2023-09-02 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

Republican state lawmakers are attacking a small Florida town's "Safe Place Initiative." The program allows owners to mark their shops safe for LGBTQ+ people by displaying rainbow decals. The lawmakers cited boycotts of Bud Light and Target, which followed the brands' efforts to promote diversity and inclusion of the LGBTQ+ community. Mount Dora's city council approved the Safe Place Initiative last month. Democratic state lawmaker Anna Eskamani posted the Republican lawmakers' letter on social media, saying it "might be the weirdest letter I've ever read."

Persons: Bud Light, Mount Dora, Anna Eskamani Organizations: Initiative, Service, Disney, Orlando —, Orlando Police Department, Orange County Sheriff's, Osceola County Sheriff's, Democratic, Republican, Rights Locations: Florida, Wall, Silicon, Dora, Orlando, Mount Dora's, Mount, Orange County, Osceola County

☆ The Investing Club's top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-08-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Citigroup maintains a buy rating on Club name Apple (AAPL) ahead of its Sept. 12 product event, while reiterating a $240-per-share price target on the stock. As ever, Apple is an "own it, don't trade it" stock ahead of the product launch. Morgan Stanley downgrades Centene (CNC) to equal weight, from overweight, while lowering its price target on the stock to $73 a share, down from $94. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, —, Johnson, Morgan Stanley downgrades Centene, Morgan Stanley, Bernstein, James Hollingshead, Wolfe, BUD, Bud Light, KeyBanc, Jim Cramer's, Jim Cramer, Jim Organizations: ADP, Federal Reserve, Labor, Citigroup, Apple, Citi, FedEx, Health, Humana, Bernstein downgrades Texas, Wolfe Research, NFL, Anheuser, Busch InBev, Molson Coors Beverage, Constellation Brands, Google, Club, Nvidia, HP Inc, Jim Cramer's Charitable, CNBC Locations: U.S

☆ Dylan Mulvaney — whose Bud Light promotion led to conservative protests — cracked a beer joke after winning a Streamy Award
▼ + stars: | 2023-08-28 | by ( Rebecca Cohen | Grace Mayer | ) www.businessinsider.com time to read: +3 min

Dylan Mulvaney won the 2023 Streamy Award for Breakout Creator. The trans creator may have been referring to her Bud Light ad campaign that has been overshadowed by conservative protests. Mulvaney took home the award for breakout creator at the Sunday night award ceremony, beating out TikTok it girl Alex Earle and Jake Shane — a.k.a. Conservative critics called for a boycott of the Bud Light brand, and LGBTQ+ advocates called on Bud Light to make clear its support for the LGBTQ+ community. The Bud Light controversy may be dying down: Bud Light sales took a hit in the months following the April post, but are now showing signs of a rebound.

Persons: Dylan Mulvaney, Bud, Mulvaney, Alex Earle, Jake Shane — a.k.a, Drew Afualo, Keith Lee, she'd, there's, I'm, Bud Light, Bud Light's Organizations: Service, Bud Light Locations: Wall, Silicon

☆ Bud Light Continues Post-Mulvaney Marketing Blitz With ‘Relatable’ NFL Push
▼ + stars: | 2023-08-24 | by ( Katie Deighton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bud-light-continues-post-mulvaney-marketing-blitz-with-relatable-nfl-push-5131f912

Persons: Dow Jones

☆ Rays aim to pull off one last trick vs. Rockies: series sweep
▼ + stars: | 2023-08-24 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

For the second consecutive night, the Rays rallied past the Rockies on Wednesday. Lowe, who went 1-for-5, lashed a liner to right that scored Osleivis Basabe with the game-winning run from second base. Colorado's Peter Lambert will make the start in Florida before the club stays in the AL East and heads to Baltimore for a series beginning Friday. He matched his career high with seven innings pitched, allowing just one run -- a homer by Elvis Andrus on the game's first offering -- and four hits. Since returning to a starting role, he sports a 2-3 record and a 3.34 ERA over seven starts.

Persons: Brandon Lowe's, Lowe, Curtis, Mead, Kevin Cash, Bud Black, Shawn Armstrong, Armstrong, Colorado's Peter Lambert, Lambert, Jimmy, Elvis Andrus, Tommy John, Peter, it's, I've, Black Organizations: Colorado Rockies, Tampa Bay Rays, National League West, Rays, Rockies, Osleivis, Chicago White Sox, American League, Philadelphia Phillies, AL East, White Sox, Chicago bullpen, Thomson Locations: St . Petersburg, Fla, Colorado, Tampa, Florida, Baltimore

☆ Stagwell's Mark Penn explains why he's betting on AI, and what brands get wrong about supporting social issues
▼ + stars: | 2023-08-23 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

He said brands often botch supporting social issues because they lack a balanced worldview. Insider spoke with Penn about why he's betting on artificial intelligence, buying experiential marketing shops, and how brands should handle thorny social issues. Big brands like Bud Light and Target have been in the news after backlash for supporting social issues. How should brands handle supporting social issues? I don't think people are spending enough time or thinking about that as the fundamental change.

Persons: Mark Penn's Stagwell, —, Mark Penn's, Hillary Clinton, He's, Stagwell, Penn, Bud, We've, Johnny, latelys, — we'll Organizations: WPP, Publicis, Service, Democrat, Republican

☆ Modelo is now beating Bud Light for the entire year
▼ + stars: | 2023-08-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Modelo Especial is now officially America’s best-selling beer, dethroning Bud Light from the top spot it has largely held for the past two decades. Year-to-date sales data through August 12 shows it was tight, but Modelo eked out the top spot with an 8.34 share vs. 8.28 for Bud Light. Summer has been a bright spot for the Mexican lager, with Modelo surpassing Bud Light in May, June and July monthly sales. Modelo has held a 9.1 share for the past four weeks as Bud Light slipped to a 7 share of off-premise beer sales. There’s been some “material improvement,” for the Anheuser-Busch (BUD) brand Bud Light, according to Beer Business Daily, a trade publication.

Persons: Bud Light, Bud Light’s, There’s, BUD, Bud, Dylan, ” BBD, Greg Gallagher, ”, ” Gallagher, influencer, Busch Organizations: New, New York CNN — Modelo, Modelo, Bud, Anheuser, Busch, Beer Business, Constellation Brands, Corona, Constellation, CNN, Molson Coors, TAP, Miller Lite, Coors, Light, Modelo Especial, Revenue Locations: New York, North America, Canada, United States

☆ How Modelo dethroned Bud Light to become the top-selling U.S. beer
▼ + stars: | 2023-08-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +4 min

1 beer in America due to a competitor's moves is not accurate," said Jim Sabia, executive vice president and managing director of Constellation Brands ' beer division. Bud Light's sales slump changed that. The data shows that on the four weeks ended on May 20, Modelo's share of total beer sales grew to 10.7%, while Bud Light's fell to 9.6%. "Modelo has been on a rise and Bud Light's been on a decline as we've seen overall shifts in the beer market in the last 10 years." But when it comes to success in the Mexican beer market, Constellation is relatively untouchable.

Persons: Jim Sabia, We've, Sabia, Bud Light's, Bud Light, influencer Dylan Mulvaney, Bart Watson, Gerald Pascarelli, There's, Greg Gallagher, we've Organizations: Modelo Especial's U.S, Constellation Brands, Modelo, Modelo Especial, Nielsen, Wedbush Securities, Anheuser, Busch InBev, Brewers Association, Beer Institute Locations: America, U.S, Corona, Pacifico, Mexico, United States, Circana

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Constellation Brands bet big on Modelo. And won against Bud LightConstellation Brands, which owns the U.S. licensing rights to Mexican beers like Modelo, Corona, Victoria and Pacifico is on fire. For the first time in 22 years, Modelo Especial beat out Bud Light as the country's top-selling beer in May. Constellation reported revenue of $2.5 billion in the quarter ending May 31, a 6.4% increase from the same quarter last year. The company's beer business delivered double-digit net sales growth of 11%.

Persons: Bud, Bud Light Organizations: Constellation Brands, Modelo, Bud Light Constellation Brands, Pacifico, Modelo Especial, Constellation Locations: Corona, Victoria

☆ Get woke, go broke?
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGet woke, go broke? Nadine Sarwat, Bernstein analyst, joins 'Power Lunch' to discuss social awareness impact on business as Target and Bud Light are under consumer scrutiny.

Persons: Nadine Sarwat, Bernstein, Bud Light

☆ Bud Light is winning over Americans again, 4 months after its collaboration with Dylan Mulvaney sparked a conservative boycott
▼ + stars: | 2023-08-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Bud Light is winning over Americans again. Conservatives turned on the brand after it started sponsoring the transgender TikTok personality Dylan Mulvaney. But a recent poll showed “substantive signs of progress” for the beer, according to Deutsche Bank. The German bank said Wednesday that the beer brand had shown "substantive signs of progress" in August as it tries to regain customers after its collaboration with Dylan Mulvaney sparked a conservative backlash. Back in April, transgender influencer Mulvaney posted a video promoting Bud Light as part of a partnership with the brand.

Persons: Bud Light, Dylan Mulvaney, influencer Mulvaney, Kid Rock, Ron DeSantis, Busch Organizations: Conservatives, Deutsche Bank ., Service, Deutsche Bank, Anheuser, Busch InBev, Modelo, Busch Locations: Wall, Silicon

☆ Target, Much Like Bud Light, Is Stung by Culture Wars
▼ + stars: | 2023-08-16 | by ( Sarah Nassauer | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Target Pride backlash adds to sales woes as culture wars rage in corporate America
▼ + stars: | 2023-08-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Target CEO Brian Cornell said "negative reaction" to the retailer's Pride merchandise hurt sales and contributed to the disappointing quarterly results that the company reported on Wednesday. He said the company saw behavior by some shoppers in June that "caused our teams to feel unsafe at work." He said the effort helps Target better reflect the communities it is in, which "adds tremendous value for our shareholders." When Target reported its results Wednesday, executives declined to estimate the financial hit from the Pride merchandise response. Some of the merchandise that came under fire was made by vendors rather than part of Target's own brands.

Persons: Brian Cornell, Cornell, Bud Light, influencer Dylan Mulvaney, Disney, Ron DeSantis, Michael Fiddelke Organizations: Target, Anheuser, Florida Gov, Associated Press Locations: Florida, North Carolina

☆ Target acknowledges the Pride backlash hurt sales in June and says it will rethink its approach to 'heritage moments' going forward
▼ + stars: | 2023-08-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Target said right-wing outrage over its annual LGBTQ Pride Month merchandise hurt sales in June. Unlike boycotts against Bud Light, the anti-LGBTQ reaction included threats against workers. "The reaction is a signal for us to pause, adapt and learn," Target's chief growth officer said. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Cornell said Target would continue to celebrate Pride and other heritage months, noting that the company would be "mindful of timing, placement, and presentation."

Persons: Target, Bud Light, Michael Fiddleke, Brian Cornell, Cornell, Christina Hennington Organizations: Pride, Service, Disney, Target Locations: Wall, Silicon

☆ Here are Wednesday's biggest analyst calls: Amazon, Tesla, Nio, Nvidia, Roblox, Dick's and more
▼ + stars: | 2023-08-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Amazon as buy Goldman Sachs said the e-commerce giant remains a top idea at the firm. Jefferies reiterates Cava as buy Jefferies said it's sticking with its buy rating on shares of Cava after the Mediterranean restaurant's earnings report Tuesday. Jefferies reiterates Roblox as buy Jefferies said it's standing by its buy rating on Roblox but that it's lowering its price target to $38 per share from $50. "We reiterate our Buy rating on sequential improvement in product offerings and sales volume." Wedbush reiterates Dick's as outperform Wedbush said it's bullish on shares of Dick's heading into earnings next week.

Persons: Tesla, Bernstein, DINO, MGY, Goldman Sachs, Jefferies, Cava, Roblox, it's, Bud Light, Beer, KeyBanc, FTNT, Dr Pepper, Wells, Wells Fargo, Marqeta, Nio, Wedbush, Morgan Stanley, Getty Organizations: Street, Barclays, Mizuho, Chevron, North American, Citi downgrades, Citi, Deutsche Bank, Anheuser, Busch InBev, Nvidia, Network, Palo, UBS, GE HealthCare, Bank of America, Corp, News Corp, Getty Locations: MTDR, eCommerce, Cava, Singapore

☆ Insights on How to Be a Socially Conscious Company Today
▼ + stars: | 2023-08-10 | by ( Ben Ashwell | Walden Siew | ) www.wsj.com time to read: 1 min

Brunswick Group Senior Partner Lucy Parker speaks about the emerging political and social sensitivities around corporate stances on ESG during a virtual WSJ CFO Network Member Breakout. Many chief financial officers and corporate leaders have questions about how to navigate environmental and social issues in the wake of backlash against Target and Bud Light and continuing concerns about “greenwashing”—the practice of companies overstating their environmental policies. Lucy Parker, a senior partner at the Brunswick Group and co-author of a forthcoming book titled “The Activist Leader: A New Mindset for Doing Business” has some answers.

Persons: Lucy Parker, Bud Light Organizations: Brunswick, Target, Brunswick Group

☆ A Canadian cannabis company may soon own your favorite craft beer brands
▼ + stars: | 2023-08-08 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Canadian cannabis company Tilray is one of the biggest craft beer sellers in the US. On Monday, Anheuser-Busch said it was selling 8 craft beer brands to Tilray. Bud Light parent company Anheuser-Busch said on Monday that it was selling off eight of its craft beer brands to a Canadian cannabis company that's been inching into the craft beer space for quite some time now. It would make Tilray the 5th-largest craft beer company in the US, up from its 9th place ranking today, according to analysts from Jefferies. TD Cowen analysts said that craft beer sales declined 6% in 2021 and 9% last year.

Persons: Busch, Bud Light, Bud, that's, Jefferies, TD Cowen, Rafael Marchante, influencer Dylan Mulvaney Organizations: Anheuser, Service, Bud Light, Brands, Breckenridge Brewery, Point Brewing Company, Brewing Company, Redhook, Widmer Brothers Brewing, Cider Company, HiBall Energy, Jefferies, Montauk Brewing Company, SweetWater Brewing Company, Breckenridge, Reuters, US, Busch, Wall, Tilray Locations: Wall, Silicon, Canada, New York, Breckenridge Distillery, Cantanhede, Portugal, Washington

☆ Rockies turn to Kyle Freeland to try and slow down Brewers
▼ + stars: | 2023-08-08 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

Freeland (4-12, 4.86 ERA), who tossed five scoreless innings against Milwaukee in May, will be opposed by left-hander Wade Miley (6-2, 3.01), who is making his 300th career start. In seven games in August, Turang is hitting .450 (9-for-20) with two homers, seven RBIs, four walks, three stolen bases and six runs. The Rockies also fanned three times against the Brewers' bullpen on Monday, giving them 16 strikeouts for the game. Miley is 9-3 with a 4.26 ERA in 18 career games (17 starts) versus the Rockies. Freeland is 4-2 with a 2.00 ERA in six career starts against Milwaukee.

Persons: Kyle Freeland, Wade Miley, Freddy Peralta, Peralta, Brice Turang, Sal Frelick, Tyrone Taylor, Christian Yelich, Turang, We've, Bud Black, Miley, Craig Counsell, Miley's, Freeland Organizations: Colorado Rockies, Brewers, Milwaukee ., Milwaukee, Cincinnati, National League Central, The Reds, Miami Marlins, Rockies, Washington, Colorado, San Diego, Wednesday, Thomson Locations: Milwaukee, Colorado

☆ Polling suggests that defeating 'woke' policies in schools and government is not a priority for most Republican voters
▼ + stars: | 2023-08-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

GOP voters aren't as concerned with wokeness as some GOP candidates might think, a new poll suggests. Some GOP presidential hopefuls built careers on anti-wokeness, but that's not the priority of most voters. If given a choice, most GOP voters polled by NYT and Sienna College chose a "law and order" candidate. Voters don't really care as much about tackling "woke" issues as Republican candidates may think, new polling suggests. The poll surveyed 1,329 registered voters nationwide, including an oversample of 818 registered Republican voters, according to the Times.

Persons: aren't, that's, Donald Trump, Ron DeSantis, DeSantis, Vivek Ramaswamy, Christy Boyd, Bud Light, Boyd, That's Organizations: GOP, NYT, Sienna College, Service, New York Times, Siena College, Republicans, Times, Republican, Florida Gov, Walt Disney Company, Disney Locations: Wall, Silicon, Iowa —, Pennsylvania

☆ Bud Light Boycott Can’t Douse Anheuser-Busch InBev
▼ + stars: | 2023-08-03 | by ( Aaron Back | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: anheuser, busch, inbev, 6acf099a

☆ Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev
▼ + stars: | 2023-08-03 | by ( Saabira Chaudhuri | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: inbev

☆ Bud Light’s Plan to Win Back Drinkers: Stick to Beer
▼ + stars: | 2023-08-03 | by ( Saabira Chaudhuri | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: inbev

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