Jim Cramer Toasts Anheuser-Busch And Molson Coors, But Recommends Buying This Beer Stock

Benzinga ·  Feb 15 08:47

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended waiting another quarter to buy Walgreens Boots Alliance, Inc. (NASDAQ:WBA). However, he added, "We do think that it's coming near to where it is bottoming."

Walgreens is reportedly considering various options for its specialty pharmacy business, Shields Health Solutions. The potential sale, estimated to exceed $4 billion, is part of Walgreens' broader strategy to address its financial challenges.

"These are all Bitcoin plays," Cramer said when asked about Marathon Digital Holdings, Inc. (NASDAQ:MARA). "I say if you want to own Bitcoin, you should own Bitcoin."

Marathon Digital is expected to report fourth-quarter results on Feb. 28, 2024. Analysts expect the company to report quarterly earnings at 4 cents per share on revenue of $143.28 million.

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Cramer said he doesn't know First Watch Restaurant Group, Inc. (NASDAQ:FWRG).

First Watch Restaurant Group recently said it sees preliminary fourth-quarter same-restaurant sales growth up 5% year-over-year.

"I'm just so torn," Cramer said when asked about ZoomInfo Technologies Inc. (NASDAQ:ZI). "I don't know what gets it going, and it drives me crazy. Sometimes you want the good guys to win, and I can't think of a thesis."

ZoomInfo Technologies recently reported better-than-expected fourth-quarter financial results and issued guidance.

The "Mad Money" host said although he likes Anheuser-Busch InBev SA/NV (NYSE:BUD), Molson Coors Beverage Company (NYSE:TAP) and Constellation Brands, Inc. (NYSE:STZ), but "people don't seem to like the beer companies." Cramer said, adding that "we own Constellation for the Charitable Trust, and that's the one I would go with."

Constellation owns beer brands such as Modelo and Pacifico, as well as High West distillery.

Price Action:

  • Shares of Marathon Digital gained 14.4% to close at $29.41 on Wednesday.
  • Walgreens shares slipped 0.1% to settle at $21.54.
  • First Watch Restaurant shares rose 2.1% to $23.79 on Wednesday.
  • Zoominfo shares fell 1.2% to settle at $18.11 during Wednesday's session.
  • Shares of Anheuser-Busch InBev fell 2.1% to close at $62.35 on Wednesday.
  • Molson Coors Beverage shares rose 0.2% to settle at $61.44 on Wednesday.
  • Shares of Constellation Brands fell 0.4% to close at $243.60 during the session.

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Image: Via Constellation Brands

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