Diamonds and Dogs
2/21/23
Molson Coors (TAP) rose 3% today following better than expected earnings and full year results that grew for the first time in 10 years. For the first time in 15 years, Molson's two top brands, Miller Lite and Coors Light outperformed competitor Bud Light. Another interesting industry stat was, market share for spirits sales in 2022 surpassed beer for the first time ever driven by tequila and American whiskey.
Home Depot (HD) fell 6% dragging the Dow Jones with it following earnings. Earnings were actually better than expected, but caution about slowing growth and higher costs due to paying employes more has investors in a selling mood. Home Depot did boost its dividend by 10%.
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