Jim Cramer reminds investors that stock declines provide even more buying opportunities.
The market should’ve bounced Thursday, with interest rates taking a breather, but instead the volatility continued. That’s why Jim Cramer told his Mad Money viewers that they must never stop looking for opportunities, because there are plenty of stocks that can handle an economic slowdown.
One of those stocks is Molson Coors (TAP) – Get Molson Coors Beverage Company Class B Report, which is why Cramer checked in with president and CEO, Gavin Hattersley, to learn how the company is faring.
Hattersley said sales of their core beer brands, like Miller Lite and Coors Lite, continue to be strong and are still growing in the market. Molson also has a stable of other strong brands that are all exceeding expectations.
Molson has partnered with Coca-Cola (KO) – Get Coca-Cola Company Report to bring Simply Spiked Lemonade to the market and Hattersley confirmed that sales will kick off next month and orders are already very strong. In the spiked seltzer category, Topo Chico remains at the top of its game, as does Zoa energy drinks.
While Molson Coors is not immune to inflation, Hattersley said the company is well hedged against excessive cost inflation. Even in a recession, Molson Coors is positioned for success, he said.
To sign up for TheStreet’s free Daily Booyah! newsletter with all of the latest articles and videos please click here.
