The holiday season is a time for parties and family gatherings, all accompanied by enormous amounts of food and a wide assortment of adult beverages, of course.
Next week especially, the alcohol will flow at bars, restaurants and private parties all across the world as we ring in the new year. Beer, wine, liquor and champagne will be sipped and chugged freely … perhaps even more so this year since the economy has shown some signs of recovery, while real estate and stock prices have been climbing all year.
I encourage you to be restrained in your consumption and celebration next week, but there is no need to hold back on the profit opportunities provided by investing in the providers of distilled, brewed and fermented beverages.
Take a look at three of the best booze stocks to buy now.
Best Booze Stocks to Buy Now - Constellation Brands (STZ)
Constellation Brands (STZ) is one of the best booze stocks to buy now because STZ produces just about every kind of adult beverage imaginable. The wines division produces top brands like Robert Mondavi, Clos du Bois, Blackstone, Simi, Ravenswood, Rex Goliath, Kim Crawford, Franciscan Estate, Wild Horse and Ruffino.
And STZ also make spirits like Svedka Vodka and Black Velvet Canadian Whisky. Then there’s the Crown Imports segment … which imports, markets and sells beer primarily under the Modelo Brands that comprise Corona Extra, Corona Light, Coronita, Modelo Especial, Pacifico, Negra Modelo and Victoria brands.
No wonder Constellation Brands is posting strong sales and earnings growth this year, all while analysts have been steadily raising their estimates for next year. The strong performance was picked up by Portfolio Grader, as STZ stock was upgraded to a “strong buy” in November. STZ is still a strong buy at the current price, making it one of the best booze stocks to buy now.
Best Booze Stocks to Buy Now - The Boston Beer Co. (SAM)
Sticking to strictly beer stocks, we have Boston Beer Co. (SAM) — another one of the best booze stocks to buy now.
As you likely know, SAM makes the wildly popular Sam Adams line of beers and Twisted Tea malt beverages. In fact, Boston Beer Co. sells more than 60 brands of beer, malt beverages and hard ciders around the world. Plus, it offers contract brewing and packaging services under third-party agreements for smaller brewers of craft beer.
Good news for SAM stock investors: Boston Beer Co. has shown the type of consistent growth that the large institutions favor and the fundamentals are continually improving.
The fantastic performance and growth of this company was noted by Portfolio Grader back in August and the stock was upgraded to an A. Shares of SAM stock remain a “strong buy” at the current price. When it comes to beer stocks to buy now, this is one of the most tempting.
Best Booze Stocks to Buy Now - Craft Brew Alliance (BREW)
Craft Brew Alliance (BREW) makes craft beers under three very popular brands for beer aficionados. The Widmar Brothers, Redhook and Kona brands of beer have all received rave reviews … and that’s just one reason BREW is one of the best beer stocks to buy now.
See, Craft Brew Alliance sells it beer directly to consumers in draft and bottles at restaurants, bars, and liquor stores, as well as in bottles at supermarkets, warehouse clubs, convenience stores, and drug stores. It also operates five brew pubs and sells memorabilia and collectible merchandise. That’s helped it quickly grow to the fifth largest craft brewer in the U.S.
Sales and earnings are growing at a fantastic rate, too, as the latest quarter showed 100% year-over-year profit growth. The stellar fundamentals were picked up by Portfolio Grader last month and the stock was upgraded to an A. BREW stock remains a “strong buy” at the current price, and rounds out our list of the best booze stocks to buy now.
Louis Navellier is the editor of Blue Chip Growth. As of this writing, he did not hold a position in any of the aforementioned securities.