The overall macroeconomic climate is highly uncertain due to high inflation and the Fed’s commitment to keep raising interest rates to tame it. Also, the recent banking collapses have made investors extremely anxious. Concerns of an impending recession is weighing heavily on investors’ decisions.
To that end, it could be wise for investors to look at beverage stocks as the industry witnesses consistent demand regardless of economic cycles. Investors thirsty for returns could look to buy fundamentally strong beverage stocks Anheuser-Busch InBev SA/NV (BUD), Coca-Cola Consolidated, Inc. (COKE), and Primo Water Corporation (PRMW).
