Commodity Channel Index
|Bid||37.98 x 2900|
|Ask||38.25 x 1100|
|Day's Range||37.11 - 38.04|
|52 Week Range||34.01 - 61.94|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 06, 2020|
|1y Target Est||45.06|
Molson Coors (TAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
* AT&T (NYSE:T) * Altria Group (NYSE:MO) * RCI Hospitality (NASDAQ:RICK) * Molson Coors Beverage (NYSE:TAP) * Anheuser-Busch InBev (NYSE:BUD) * Yamana Gold (NYSE:AUY) * Simon Property Group (NYSE:SPG) * ViacomCBS (NASDAQ:VIAC) * Champignon Brands (OTCMKTS:SHRMF)Although it's natural to mourn the cessation of the bull market, from another perspective, the novel coronavirus has gifted patient investors with a once-in-a-lifetime opportunity. Previously, so many companies had fundamentally strong business, but were gutted once the pandemic struck. Now, these stalwarts can be reasonably considered cheap stocks to buy.Better yet, no matter what your thoughts are on the market's trajectory, investors should be looking to advantage these lows. For instance, if you still believe in a quick, V-shaped economic recovery, then acquiring cheap stocks now would see you earn a swift profit.However, if we take the opposite road and slog it out through years of frustration, this would still be a net positive -- unless you must cash out now for whatever reason. That's because a slow recovery allows you to build a robust portfolio of high-quality names. By the end of these trials, you'll thank yourself for thinking ahead.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the same time, not all cheap stocks to buy are viable bets for the long haul. As the bankruptcies of once-iconic American companies have demonstrated, we are still in the midst of an unprecedented calamity. Therefore, even solid names will likely suffer volatility, especially if we have an extended recovery.For this list of discounted companies, I'm primarily looking at businesses that can ride out the present calamity; hence, my focus on the vice industry. As well, I'm considering investments that may not find favor now but should have long-term upside. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure As with any pick you're considering, you should already acknowledge that turbulence is a given. Implement common-sense risk mitigation and you'll likely do well with these cheap stocks. AT&T (T)Source: Roman Tiraspolsky / Shutterstock.com AT&T is not only regarded among many analysts as one of the best cheap stocks to buy during this crisis, it's also incredibly boring. But remember, in the new normal, boring typically means stable, and stability is a very good thing. Here, this translates to T stock sporting a nearly 7% dividend yield.Additionally, AT&T features a forward price-earnings ratio of 9.5. That's incredibly low compared to both the telecommunications industry and broader benchmarks. Still, there's a reason for the discount. Over the years, the company has become very bloated, with some high-dollar decisions not working out favorably.Still, it's possible that the market is focusing too much on the negatives of T stock and not enough on the positives. For instance, the 5G network rollout will provide years of support for AT&T. In addition, the company owns HBO, which gives AT&T's streaming service much more gravitas than the competition. Altria Group (MO)Source: Kristi Blokhin / Shutterstock.com Admittedly, in the pre-pandemic years, Altria Group was disappointing. As you know, smoking rates are on the decline. Even worse, a new competitor, vaporizers or e-cigarettes, began providing a cleaner alternative to combustible cigarettes.However, MO stock became interesting when Altria invested heavily in Juul. However, underage vaping controversies saw Juul hit with lawsuits and ugly public accusations. Invariably, Altria's stake in Juul turned into a debacle.So, with all that, does Altria really belong in this list of cheap stocks to buy? While the headlines look terrible for the tobacco giant, the coronavirus may provide a surprising catalyst. According to research in Canada, recessions have a positive impact on smoking and imbibing rates. * 7 Cheap Stocks to Buy With Great Potential If this translates stateside -- and there's no reason to believe it wouldn't -- smoking rates could rise. Also, growing tensions between the U.S. and China may restrict vaporizer sales, which would cynically benefit Altria. RCI Hospitality (RICK)Source: Shutterstock Due to its universally attractive -- though admittedly shady -- business, RCI Hospitality is usually a solid bet, irrespective of broader market conditions. While RICK stock has seen a significant rise in value since hitting a bottom in March, shares are still sharply discounted relative to their pre-pandemic highs.But can RCI make good as a recession-resistant investment under these trying times? I will concede that this is a riskier proposition compared to other cheap stocks. Certainly, new normal protocols such as social distancing don't help when you're in the gentlemen's business. Still, this industry did very well, relatively speaking, during the Great Recession. I wouldn't be surprised if RICK stock provides an encore performance.At the end of the day, RCI meets a human need for close companionship that no technology can replicate. Granted, it's a cheap, twisted take on said companionship, but the demand is there. Molson Coors Beverage (TAP)Source: JHVEPhoto / Shutterstock.com Another vice-related company, Molson Coors Beverage is more palatable for investors than RCI. I mean that figuratively and literally. As a provider of multiple beer brands, including low-cost, budget-friendly beers like Coors Light and Keystone Light, Molson Coors has distinct relevance during our troubles.For many of us, drinking booze is a way to help get the edge off. Obviously, with the quarantines and social isolation, along with mass uncertainty over the viability of our economy, many reasons exist to knock down a cold one. But so far, it's TAP stock that's the one getting knocked down.Currently, shares are trading at levels last seen in the early years of last decade. What gives? * 25 Stocks to Buy for the Reopening Rally Unfortunately, shuttered restaurants have had a huge impact on Molson Coors and several other beverage makers. But with most states reopening -- and some blatantly ignoring common sense -- it's possible that cheap beer will start flowing again. Therefore, you'll want to keep Molson on your list of cheap stocks to consider. Anheuser-Busch InBev (BUD)Source: legacy1995 / Shutterstock.com Similar to Molson Coors, Anheuser-Busch specializes in cheap beer. For many years, Anheuser's flagship brand, Bud Light, has been the most popular beer in America, followed by Coors Light. Personally, I like the taste of Coors Light as far as cheap light beer goes. But Bud Light? It's simply awful.However, the customer is always right. And for the long term, you don't want to fight the tape on BUD stock. Right now, though, shares are at a remarkable discount. With BUD, you have to go back to the Great Recession years to see prices this low.Understandably, that might raise concerns. Typically, cheap stocks are cheap for a reason. In this case, Anheuser-Busch got rattled by the mass restaurant closure. Also, all popular cheap beer brands suffered a massive revenue reduction due to the quarantining of sports.However, the eventual return of sports -- as NASCAR demonstrated -- augurs well for BUD stock. Sure, there many not be fans in the stands but that will change over the next few years. Additionally, sports events provide an incentive for increased grocery sales of cheap beer, which is a net positive for this industry. Yamana Gold (AUY)Source: Shutterstock Fundamentally, you wouldn't consider Yamana Gold cheap. Currently, shares sport a forward P/E ratio of 31.5, which is high compared to the metals and mining industry. But on a technical basis, it's still one of the cheap stocks that you can pick up below double-digit prices.I'll freely concede that such thinking alone is a terrible reason to buy equity in an organization. But AUY stock is riding on the enthusiasm of the gold market. And while the yellow metal has frustrated many investors over the years, this time is different.Yes, those may be the four most dangerous words in investing. However, when Federal Reserve Chair Jerome Powell states that the U.S. economy faces unprecedented risks, this phrase is justified. * 7 Excellent Penny Stocks Ready to Roar Further, the labor market continues to print an ugly picture. Over a nine-week period, 40 million Americans filed for initial jobless claims. This number will probably continue to rise uncomfortably, giving AUY stock a cynical edge. Simon Property Group (SPG)Source: Jonathan Weiss / Shutterstock.com Usually, being the biggest U.S. operator in an industry is cause for celebration. But for Simon Property Group, which specializes in shopping malls, this distinction suddenly became a liability. Obviously, with the onset of stay-at-home orders, social distancing protocols and a sense of fear over contracting Covid-19, very few people could -- or even wanted -- to leave their homes. Naturally, SPG stock tanked.However, shares might interest risk-tolerant contrarians. I must be clear: This is among the riskiest of risky cheap stocks. Therefore, I wouldn't recommend spending a dime more than what your dumb money allocation allows.That said, Simon Property will gradually open stores as states lift their restrictions. As out-of-state travel data revealed, pent-up demand caused many Americans to run to regions that first reopened their businesses. We could see a similar dynamic play out for SPG stock.Another reason to be optimistic is that the company owns a large portfolio of outlet malls. Although traditional department stores are out of favor, retailers offering discounts will never go out of style. ViacomCBS (VIAC)Source: Jer123 / Shutterstock.com At first glance, you'd expect the quarantines to help lift ViacomCBS. Although a traditional content and entertainment powerhouse, ViacomCBS offers mainstream programs that many viewers find compelling. Yet that didn't help VIAC stock on the technical front, with shares plummeting throughout much of February and March.To be fair, VIAC has found robust momentum since hitting its March bottom. Despite that, shares are still discounted relative to their beginning-of-year price. Thus, ViacomCBS qualifies as one of the cheap stocks to buy amid this pandemic.More importantly, VIAC stock has a credible upside pathway. Mainly, the underlying company probably slipped into the background as pure streaming plays like Netflix (NASDAQ:NFLX) stole its thunder. However, as we work through this crisis, ViacomCBS becomes more compelling. * 10 Lithium Stocks to Buy Despite the Market's Irrationality For one thing, ViacomCBS has trusted news brands, which is more crucial than ever before. Additionally, the return of sports -- even in a mitigated fashion -- is a net positive for VIAC due to its live broadcasts. Champignon Brands (SHRMF)Source: Shutterstock Technically the cheapest of the cheap stocks on this list, Champignon Brands can be had for less than two bucks. Admittedly, this announcement will cause many investors to turn away from this company, and that's a good thing. You don't want to touch SHRMF stock if you can't take the heat.But if you can stomach the volatility, Champignon could be one of the most exciting opportunities available. Levered toward the burgeoning psychedelic medicine industry, SHRMF stock may strike you as another vice name. Actually, it's much more than that. Psychedelics offer profoundly positive implications toward addressing mental health issues.Most notable of all, Champignon Brands operates in a market that features incredibly high barriers to entry. Unlike cannabis, which anyone with enough drive can engage, psychedelics are strictly controlled by the federal government. Thus, your money is going to medicinal research, not toward a shady retail market.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he is long AT&T, Altria, gold bullion and Champignon Brands. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post The 9 Best Cheap Stocks to Fill Up On Now appeared first on InvestorPlace.
Other steps the company has taken to save cash during the pandemic crisis include plans to cut 2020 capital expenditures by about $200 million, furloughing certain employees,” reducing discretionary spending, and limiting new hiring.
Moslon Coors Beverage (TAP) is suspending its regular quarterly dividends on its Class A and Class B common shares otherwise payable in the 2020 fiscal year, as it seeks to boost liquidity during this challenging time.Similarly, Molson Coors Canada has also decided to suspend its regular quarterly dividends on its Class A and Class B exchangeable shares payable in the 2020 fiscal year.As well as suspending dividends, the TAP board has also taken several cost-cutting measures, citing the global economic uncertainty created by the coronavirus pandemic.These steps include: (i) reducing planned 2020 capital expenditures by $200 million; (ii) reducing discretionary spending, limiting new hires and decreasing marketing spend; (iii) furloughing some employees in the Europe business and North America hospitality businesses; (iv) shifting marketing investments to key media platforms; (v) using savings from the revitalization plan announced in October 2019; (vi) using its $1.5 billion credit facility as necessary; and (vii) actively evaluating European government liquidity programs.The company has already suspended its full-year guidance, after reporting disappointing results for the first quarter. For 1Q20, Molson Coors reported net sales of $2.1bn (vs consensus at $2.2bn) and adjusted EPS of $0.35 (with consensus at $0.33). In April, as pantry loading waned, Molson Coors North America STR’s (Sales to Retailers) were down 14%. In Europe, brand volumes were down ~40% in the first four weeks of April.“We are seeing evidence of North America consumer trade-down, with economy brands outperforming the broader product portfolio in April” wrote MKM Partners analyst Bill Kirk, adding “Further, we under-estimated the contribution from on-premise account to the Europe business, accounting for the 1Q net sales miss versus our numbers and the outsized disappointment in Europe.”Nonetheless the analyst maintained his buy rating on the stock with a $59 price target (60% upside potential). Shares are currently trading down 32% year-to-date. Overall, analysts display a more cautious outlook on TAP with a Hold consensus and $45 average price target (22% upside potential). (See Molson Coors stock analysis on TipRanks).Related News: Regeneron To Repurchase $5 Billion Stake From Sanofi Weight Watchers Fires Thousands Over Zoom Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises More recent articles from Smarter Analyst: * China’s Tencent In Talks To Buy $200 Million Stake In Warner Music - Report * Quest’s Covid-19 Self-Collection Test Kit Gets FDA Nod For Emergency Use * Hewlett Packard Secures New $1 Billion Credit Facility * Minerva Shares Tank 72% As Schizophrenia Drug Misses Trial Goals
Liquor companies are among the worst-hit from the fallout of the pandemic, as pubs and restaurants remain closed or are operating in limited capacity across the globe to curb the spread of the virus. Molson Coors will also cut capital expenditure by about $200 million, reduce marketing expenses and limit the number of new hires, while also evaluating various European government liquidity programs. The U.S.-listed shares of the Coors Light beer maker slipped after the bell, having shed about one-third of their value so far this year.
The novel coronavirus has hit Anheuser-Busch InBev (NYSE:BUD) particularly hard. With a rally off March lows fading, Anheuser-Busch stock now is down more than half so far in 2020.Source: legacy1995 / Shutterstock.com It's a more stunning decline than an investor might think. Excluding travel, financials and retailers, BUD has been the worst large-cap stock of 2020.And it's not as if Anheuser-Busch stock roared into the year. Shares did post a nice rally in 2019 -- but off a six-year low reached the prior December. Heading into 2020, BUD still was nearly 40% below 2016 levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are both short- and long-term reasons for the selling pressure. But before last week's earnings report, I argued that Anheuser-Busch stock was a buy if it retested March lows. We're getting close to those lows. At this point, and after earnings, I believe Anheuser-Busch stock is a buy. A Short-Term HitUnquestionably, Anheuser-Busch is taking a short-term hit from coronavirus-driven fears. As I noted earlier this month, the company is getting a boost in off-premise (takeaway) sales. Data from Nielsen showed a nearly 10% increase over four weeks. * 20 Stocks to Buy If You're Still Betting on America to Thrive Of course, the off-premise business is getting slammed worldwide. Bars, restaurants, stadiums and other venues are closed. Sales have fallen so far that there are legitimate concerns about how brewers will dispose of stale beer.The impact was seen in BUD's first-quarter report last week. Revenue declined 5.8% for the quarter. But volume actually was up 1.9% in the first two months. Given higher pricing, revenue grew even faster.Indeed, revenue per hectoliter rose nearly 4% in the quarter. That suggests that revenue in January and February was up close to 6% -- while March sales fell in the range of 25%. The news for April was worse: a 32% decline in global volume.Unsurprisingly, adjusted earnings (what Anheuser-Busch calls "underlying profit") fell 30% year-over-year in Q1. The second quarter will be worse. The problem with the brewing industry is that costs don't come down all that much along with volume. The brewery still needs to operate; labor savings are minimal. Even gross margins fall when volumes come down.And so this crisis in 2020 is a multibillion-dollar problem for Anheuser-Busch. There's no two ways about it. Longer-Term WorriesAgain, that comes after Anheuser-Busch stock already had its struggles. The rise of craft beer worldwide created literally thousands of new competitors. The number of breweries in the U.S. alone almost doubled between 2014 and 2018.As a result, sales for BUD and other mega-brewers have stalled out. Indeed, Molson Coors (NYSE:TAP) has seen its stock fall even further, and its shares are retesting an 11-year low.In addition to the pressure on the industry, Anheuser-Busch's acquisition of SABMiller put tens of billions of dollars in debt on the balance sheet. So, it's not a surprise that BUD stock struggled even before the current crisis. The Case for Anheuser-Busch Stock at the LowsAll that said, price matters. Value matters.And I'd keep this in mind: Anheuser-Busch stock has lost a stunning $65 billion in market value so far in 2020.Again, the short-term hit is significant in terms of lost sales and profits. But it's not $65 billion significant. It's nothing close to that.And as far as the long-term impact goes, I'm skeptical it's all that negative. Normalcy will return. Bars and restaurants already are starting to reopen, if cautiously so.Many craft competitors unfortunately won't do the same. What we're seeing in sectors like tech is a realization that size and scale are enormous benefits in a time of turmoil. Anheuser-Busch has that size and scale.Elsewhere in the beverage industry, investors seem to have that understanding. Coca-Cola (NYSE:KO) estimated a global volume decline of 25% for the first three weeks of April. Its stock is down just 21% this year, a performance some thirty points better than that of BUD.Kraft Heinz (NASDAQ:KHC) is another consumer giant with heavy leverage. Its shares are down 10% YTD. Boston Beer (NYSE:SAM) stock actually has soared, and sits at an all-time high.To be sure, I'm not arguing that BUD stock should be positive amid the crisis. I'm not even convinced that Anheuser-Busch stock should be tracking Coke.But, again, outside of the hardest-hit sectors, BUD has been the worst large-cap stock of 2020. I simply don't think the long-term outlook supports that kind of decline. Investors will figure that out soon enough.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Anheuser-Busch Stock Makes a Solid Buy at Current Lows appeared first on InvestorPlace.
Molson Coors Chief Communications and Corporate Affairs Officer Adam Collins joins Yahoo Finance’s Zack Guzman to break down the outlook for hard seltzer as the brewing giant launches Vizzy Hard Seltzer.
A federal appeals court overturned a previous ruling, allowing Bud Light to say whatever it likes, in advertising and on packaging, about corn syrup in its competitor’s beer.
National Beer Wholesalers Association CEO & President Craig Purser joins Yahoo Finance’s Zack Guzman to discuss how the coronavirus is disrupting the beer industry.
Molson Coors said a shooting at its Milwaukee brewery, in addition to the coronavirus pandemic, impacted quarterly results.
Image source: The Motley Fool. Molson Coors Brewing Co (NYSE: TAP) (NYSE: TAP.A)Q1 2020 Earnings CallApril 30, 2020, 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day and welcome to the Molson Coors Beverage Company First Quarter 2020 Earnings Conference call.
Shares of Molson Coors Beverage (NYSE: TAP) fell by 10.6% on Thursday in the wake of the company's release of first-quarter financial results that showed the business is being hit hard by the COVID-19 pandemic. For the quarter, Molson Coors recorded net sales of $2.1 billion, an 8.7% year over year decrease.
Exchange-traded funds with exposure to dividends slumped Thursday as more companies reported cutting their dividends or considering doing so, to conserve cash for operations. The WisdomTree U.S. MidCap Dividend Fund fell 2.8% midday, the SPDR Portfolio S&P 500 High Dividend ETF was down 2.7%, and the ALPS Sector Dividend Dogs ETF lost more than 3%. Molson Coors Beverage Co. , which reported earnings early Thursday, was one of the S&P 500's biggest losers by midday, down 11.6%. The funds listed above are among those with the biggest ownership stake in the brewer. Molson Coors executives told Wall Street analysts that they were considering "a suspension, reduction, or temporary elimination" of the dividend. It wouldn't be the only one: Royal Dutch Shell shares slid about 7% Thursday after saying it would slash its payouts by 66% - the first time for such a step since World War II.
Molson Coors (TAP) Q1 results reflect on-premise keg sales returns and reimbursements due to the coronavirus pandemic as well as unfavorable mix.
Molson Coors (TAP) delivered earnings and revenue surprises of 16.67% and -3.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Molson Coors Beverage Co. stock fell 1.6% after the beer brewer said the closures of spaces like sporting stadiums, bars and other "on-premise" venues is expected to hurt full fiscal year results. Molson Coors had a first-quarter net loss of $117 million, or 54 cents per share, after income of $151.4 million, or 70 cents per share, last year. Adjusted EPS of 35 cents beat the FactSet consensus for 33 cents. Sales of $2.54 billion were down from $2.80 billion and ahead of the $2.23 billion FactSet outlook. "We currently expect a significant adverse impact, particularly in the second quarter of 2020, to both net sales and profit performance for fiscal year 2020, and, possibly, beyond, due to the resulting closure of the on-premise channel in effectively all of our markets, as well as the anticipated negative impact of the pandemic on the global economy," the company said. Molson Coors estimates that off-premise sales accounted for 23% of the 2019 tally, 17% in North America and 50% to 55% in Europe. "[I]n nearly all of our markets the on-premise business has been effectively reduced to zero," the company said. Molson Coors, like many companies, benefited from pantry-loading in March due to COVID-19, but the company said sales were down 14% for the first four weeks in April. Molson Coors took a $50 million charge, including $31.5 million in lost sales, in the first quarter for a voluntary keg relief program that allowed on-premise venue customers to be reimbursed for untapped kegs. Molson Coors is taking money-saving measures like reducing 2020 capital expenditures by $200 million and furloughing certain employees in Europe and across the North American hospitality business. Molson Coors stock has tumbled 28.1% over the past year while the S&P 500 index is down 0.2% for the period.
Molson Coors (TAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Molson Coors' (TAP) first-quarter 2020 results are expected to reflect the impacts of the coronavirus outbreak, which has led to the closure of restaurants and bars.
Molson Coors (TAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.