Is Molson Coors Stock a Buy?

Travis Hoium, The Motley Fool
·4 min read
Is Molson Coors Stock a Buy?
Is Molson Coors Stock a Buy?

The beer business has been hit surprisingly hard by COVID-19, despite the fact that liquor store sales seemed to surge in the early days of the pandemic. As the world has entered more of a steady state in the last few months, it seems beer consumption has declined as it becomes harder to meet up with friends at a local pub or restaurant. Consumer discretionary stocks like Molson Coors (NYSE: TAP) have suffered along with other brewers, and Molson Coors' stock price is down 36.5% so far this year with no sign of a recovery in sight.