Beer Companies Shares Are trading Lower Today: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Beer shares, including Anheuser-Busch Inbev (NYSE:BUD), Ambev S.A. (NYSE:ABEV), and Molson Coors Beverage Company (NYSE:TAP), are trading lower following a weak earnings report from Heineken Holding N.V. (OTC:HKHHF). Heineken reported a net loss due to non-cash impairments, despite organic growth in beer volume. Upcoming earnings reports from these companies are causing market caution.
July 29, 2024 | 6:24 pm
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NEUTRAL IMPACT
Ambev S.A. shares are flat despite Heineken's weak earnings report. The market is cautious ahead of Ambev's upcoming earnings report on August 1st.
While Heineken's weak earnings report has not impacted Ambev S.A.'s stock price, the market remains cautious ahead of Ambev's upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Anheuser-Busch Inbev shares are down 2.31% following Heineken's weak earnings report. The market is cautious ahead of Anheuser-Busch's upcoming earnings report on August 1st.
Heineken's weak earnings report has negatively impacted Anheuser-Busch Inbev's stock price. With Anheuser-Busch's earnings report approaching, the market is cautious about potential similar results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Molson Coors Beverage Company shares are down 2.10% following Heineken's weak earnings report. The market is cautious ahead of Molson Coors' upcoming earnings report on August 6th.
Heineken's weak earnings report has negatively impacted Molson Coors Beverage Company's stock price. With Molson Coors' earnings report approaching, the market is cautious about potential similar results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100