One thing I have seen in 40 years in the markets - stocks may not react as you expect them to, certainly not in the short-term.
Right now, because of banks failing and fears of recession, it seems stock pickers are flocking to consumer brands - “recession-proof, reliable cash-flows, etc”. InBev may benefit from that trend.
But that doesn’t matter. Bud is certainly in the corporate lime-light now, and their CEO and management are, without a doubt, on the hot seat, both publicly, and in the board room.
Moreover, even if I was the only person in the world “boycotting” - I would still do it. I don’t need Bud Light to survive, and I have lots of other choices.
Which is why I said if there is a downturn, it will likely be in July, after 2nd quarter earnings are released.
Bud is certainly in the corporate lime-light now, and their CEO and management are, without a doubt, on the hot seat, both publicly, and in the board room.
And in January, it was a horny cop in the hot seat, February it was a chinese spy ballon, March was Trump and his indictment, April was a fake woman on a beer can. It's May now, and we're on to the next space on our 2023 bingo card. Americans have a short attention span.