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When a conservative-led boycott hit Bud Light's sales last year, light-beer rival Molson Coors Beverage Co. was among the brewers whose sales increased. But it appears those gains are quickly coming to an end, Citi analysts said Wednesday.
The Teamsters union is calling for a nationwide boycott of Molson Coors amid stalled talks with striking workers, asking that beer drinkers switch to Anheuser-Busch products.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this TAP commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Alcohol stocks fall into the consumer staples sector for their defensive attributes. It's not that people “need” their products, but they tend to buy them no matter the state of the economy.
The Teamsters union is striking at Molson Coors' Texas brewery and threatening to strike at all 12 U.S. Anheuser-Busch breweries as it remains locked in contract negotiations.
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