Re: Anheuser-Busch, Booze Stocks Hit By Surgeon General's Warning On Alcohol Link To Cancer

In <[email protected]> Leroy N. Soetoro wrote:
>
> https://www.investors.com/news/anheuser-busch-bud-stock-surgeon-general-
> warning-alcohol-cancer-link/
>
> Anheuser-Busch InBev (BUD) and other alcohol-related stocks fell Friday
> after the Surgeon General named alcohol consumption the No. 3 preventable
> cause of cancer, behind tobacco and obesity. BUD stock, Diageo (DEO) and
> Constellation Brands (STZ) all traded lower in early stock market action.
>
> "Alcohol is a well-established, preventable cause of cancer responsible
> for about 100,000 cases of cancer and 20,000 cancer deaths annually in the
> U.S.," Surgeon General Dr. Vivek Murthy said in a news release, "yet the
> majority of Americans are unaware of this risk." The Surgeon General
> called for the health warning label on alcoholic beverages to be updated
> to include cancer risk, in addition to the dangers related to pregnancy,
> driving and unspecified "health problems."
>
> Alcohol Has 'Direct Link' To 7 Types Of Cancer
> The Surgeon General's advisory notes a direct link between alcohol
> consumption and at least seven types of cancer. They include cancers of
> the breast, colorectum, esophagus, liver, mouth, throat and larynx. The
> linkage has been established "regardless of the type of alcohol (e.g.
> beer, wine and spirits) that is consumed."
>
> Among all breast cancer cases, 16.4% are attributable to alcohol
> consumption, the advisory indicates.
>
> In addition to an update of the health warning label, the Surgeon General
> is asking public health professionals, community groups and health care
> providers to inform communities and patients about the link to cancer.
>
> BUD, DEO, STZ
> BUD stock fell 1.8% early Friday. Diageo slid 2.6% and Constellation
> Brands dropped 1.5%.
>
> The Surgeon General's warning comes at a challenging time for the
> industry. The Beverages-Alcoholic industry group ranks a lowly 179 of 197
> based on stock price performance and momentum.
>
> BUD stock is down 25% from its 52-week high, with sales falling 3% from a
> year ago in the latest quarter.
>
> Be sure to read IBD's The Big Picture column after each trading day to get
> the latest on the prevailing stock market trend and what it means for your
> trading decisions.

BUD is going to increase marketing in Oregon to boost sales as they've failed in every other market since they decided to champion queers.