Five booze stocks to sip during the recovery
Alcohol-related stocks are rallying as investors bet on easing global COVID-19 restrictions, takeovers and a resumption of the craft-beer boom.
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They include producers, ingredient suppliers, pub owners and operators, and online retailers.
But investment risks are growing as stock valuations lift and trade tensions between China and Australia escalate. Higher agricultural costs and our rising currency are other threats.
Penfolds owner Treasury Wine Estates has rallied on takeover rumours.
Photo: Reuters
Sector leader
Treasury Wine Estates (TWE) jumped 6.5 per cent on Monday amid takeover rumours and speculation on commercial buyers for its lower-end wine brands. Shares rose another 1 per cent to reach $11.08 by 12pm (AEDT) in Tuesday’s trade.