2024年2月16日星期五

9 Bold Investment Predictions for 2024

Investing Daily

Bud Light: A Case of Wishful Thinking

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9 Bold Investment Predictions for 2024

Capital Wealth Letter has just released its annual market predictions for the coming year. This presentation shows you why bonds could jump 29% in 2024… how a single SEC ruling could hand investors HUGE profits… and why the future of aviation is once again being born in North Carolina. Click here to discover all 9 eye-opening forecasts now.

Bud Light: A Case of Wishful Thinking

By Jim Pearce

 

Last week's Super Bowl delivered on all its promises. Football fans got a great ending to an exciting game. Music lovers saw a star-studded halftime show. Most of the commercials were funny.

But one product advertisement caught my attention for another reason. It was the Bud Lite commercial featuring a genie that could grant any wish.

I recommended Bud Light's parent company, Anheuser-Busch InBev (NYSE: BUD), to my PF Pro readers last year. At that time, the company was reeling from a consumer boycott due to a controversial ad featuring a transgender social media influencer.

Last April, BUD was trading above $65. The company's flagship product, Bud Lite, was by far the biggest selling bear in America.

That all changed after the boycott a month later. Sales of Bud Lite cratered while BUD fell below $55. Nobody knew which way the stock would go next.

That's when my PF Pro stock screener told me that it was time to buy the stock. Wall Street's overreaction to a temporary crisis provided a profit opportunity too good to pass up.

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