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Bud Light will continue losing shelf space this summer in the wake of last year's boycott of the brand, which stemmed from a promotion featuring transgender influencer Dylan Mulvaney, but it won't lose as much as expected, according to one analyst.
Once known as the home of "The King of Beers," Anheuser-Busch InBev NYSE: BUD has been less than royal lately. Shares of BUD stock are down 23.86% over the past five years.
Blue-chip stocks all have common denominators that set them apart from other, lesser stocks. They tend to be big, successful businesses that consumers and investors hold in high regard.
Anheuser-Busch InBev (NYSE:BUD) sales volumes and earnings growth in the past quarter gives JPMorgan more confidence in the stock. Yesterday, AB InBev shrugged off the ongoing Bud Light boycott to cruise past market estimates as higher prices meant record revenues in a score of markets.
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American depositary receipts (ADRs) of Belgian brewing giant Anheuser-Busch InBev (BUD) rose in intraday trading Wednesday following a first-quarter earnings report that included revenue above expectations.
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