Budweiser stock price firmed to $60

Budweiser stock price firmed to $60.35 thanks to supply chain optimization news. Enhanced logistics efficiency is expected to improve delivery windows and operational margins. In the case of KnightSwift Transportation, I see one beat of the Zacks Consensus Estimate and three misses. This alone does not make the stock a Zacks Rank #1 (Strong Buy) and it doesn’t make it a Zacks Rank #5 (Strong Sell) either. Following the announcement, BUD stock surged 7%. However, despite this positive reaction, BUD stock has underperformed the S&P 500 index since the beginning of 2024, with an 8% decline compared to the S&P 500’s 28% increase. This underperformance is largely attributed to falling volumes and weak consumer demand in China, which have impacted the company’s financial and stock performance over the past year. If you want an upside with a smoother ride than an individual stock, consider the High-Quality portfolio , which has outperformed the S&P, and clocked >91% returns since inception.