Anheuser Busch Companies Inc.BUDCOMMENTJun 04, 2013Stock price when the opinion was issued
As of Jun 11, 2026. Market Open.
The chart back to 2012 shows a move from $50 to $110. Now it is coming down. There has been a lot of volume at the higher range. He thinks there could be a lot of profit taking going on will the recent pullback. This is technically a bad sign that could trigger further selling down to $85. It needs to make a new high above $105 before he would become a buyer.
Molson Coors (TAP-N) or Anheuser Busch (BUD-N) for a 5-10 year hold? He is not long anything in this sector because growth is not that strong, but between the 2 he would probably be more inclined to go with Molson Coors because he thinks you will continue to see more consolidation.