Stocks potentially soaring high post tariff war: Experts predict a significant surge, unveiled
Who Gains in the Trade War's Rough Sea? A Peek at Molson Coors and Altria
The trade war has been the talk of the town, causing a stir in more ways than one. Especially as it's put a chokehold on the markets. But here's a surprise - some stocks might just thrive under the current trade war thunder, hints Bank of America.
On a Monday marked by trade war turbulence, stock exchanges pretty much plummeted following Donald Trump's announcements on trade policies. The U.S. President is gearing up to impose import restrictions on China, Canada, and Mexico.
Gaining Steam: Molson Coors & Altria
While most stocks are nursing their battle scars, Molson Coors and Altria could be flaunting warrior flags, according to the experts at Bank of America.
Molson Coors: The Golden Tap
First up is Molson Coors, the brewer to keep an eye on. With reduced imports of Mexican beer on the cusp of happening, this brewer stands a chance to rake in more market share in the U.S. Currently, Molson Coors claims around 9.7% of the U.S. market for beer and wine. But here's the twist, Mexican imported beer has been selling at double the volume.
Altria: The Calm Amid the Storm?
Analysts are eyeing Altria too. Primarily due to its purely U.S.-based business, it's relatively unaffected by sanctions. But the twist here is, the industry-wide challenges that the 'Optimize & Innovate' initiative and election-driven tailwinds could catapult its stock price upward by 2025.
Add to that, restrictions in trade could also whittle down the number of smuggled products in the market, prompting consumers to opt for legal alternatives.
For Your Reading List:
- Gold's Slump - but is it the end of the road for this commodity? Analysts predict massive opportunities on the horizon.
- Bargain Hunting - stocks with a P/E ratio under 2 and a high growth potential.
In the midst of the trade war's tumultuous sea, Molson Coors and Altria might experience growth as their stocks could potentially prosper, according to Bank of America's experts. This could be due to the possible reduced imports of Mexican beer for Molson Coors, potentially increasing its market share in the U.S., and Altria's relatively unaffected status owing to its purely U.S.-based business, with industry challenges and election-driven tailwinds potentially boosting its stock price by 2025.
