U.S. markets closed
  • S&P 500

    4,232.60
    +30.98 (+0.74%)
     
  • Dow 30

    34,777.76
    +229.23 (+0.66%)
     
  • Nasdaq

    13,752.24
    +119.39 (+0.88%)
     
  • Russell 2000

    2,271.63
    +30.21 (+1.35%)
     
  • Crude Oil

    64.82
    +0.11 (+0.17%)
     
  • Gold

    1,832.00
    +16.30 (+0.90%)
     
  • Silver

    27.57
    +0.09 (+0.32%)
     
  • EUR/USD

    1.2167
    +0.0098 (+0.82%)
     
  • 10-Yr Bond

    1.5770
    +0.0160 (+1.02%)
     
  • GBP/USD

    1.3990
    +0.0098 (+0.70%)
     
  • USD/JPY

    108.5400
    -0.5450 (-0.50%)
     
  • BTC-USD

    58,800.07
    +1,133.98 (+1.97%)
     
  • CMC Crypto 200

    1,480.07
    +44.28 (+3.08%)
     
  • FTSE 100

    7,129.71
    +53.54 (+0.76%)
     
  • Nikkei 225

    29,357.82
    +26.45 (+0.09%)
     

Bear of the Day: AnheuserBusch InBev (BUD)

  • Oops!
    Something went wrong.
    Please try again later.
David Bartosiak
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

There is no question that the market is screaming higher. Even the amateurs can make money in a market like this. Pick a four-letter ticker, load the boat and rejoice. It happens every day. It could be frustrating to see for some. When you have a stock that’s not rocking and rolling in this market, it can be confusing. Why not my stock? Is there something I’m missing?

Today’s Bear of the Day is a stock that has seen earnings move to the downside, which could spoil a rally. It’s Zacks Rank #5 (Strong Sell) AnheueserBusch InBev (BUD). Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.

The reason for the unfavorable rank stems from recent earnings estimate revisions coming from analysts. Over the last 60 days, four analysts have cut their earnings estimates for the current year while three have followed suit for next year. The bearish moves have cut the Zacks Consensus Estimates for the current year from $3.27 to $3.02 while next year’s number is off from $3.85 to $3.61.

AnheuserBusch InBev SANV Price and Consensus

AnheuserBusch InBev SANV Price and Consensus
AnheuserBusch InBev SANV Price and Consensus

AnheuserBusch InBev SANV price-consensus-chart | AnheuserBusch InBev SANV Quote

The Beverages – Alcohol industry ranks in the Bottom 21% of our Zacks Industry Rank. Investors looking for other stocks in the same industry should check out Zacks Rank #2 (Buy) stocks Compania Cervecerias Unidas (CCU) and Constellation Brands (STZ).

Zacks Top 10 Stocks for 2021

In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?

Last year's 2020Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

AccessZacks Top 10 Stocks for 2021 today >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Constellation Brands Inc (STZ) : Free Stock Analysis Report

Compania Cervecerias Unidas, S.A. (CCU) : Free Stock Analysis Report

To read this article on Zacks.com click here.