Top Stock Picks for Summer 2021: Molson Coors Beverage (TAP)

The beverage company is showing potential for a trend change

Managing Editor
May 18, 2021 at 9:24 AM
facebook X logo linkedin

We don't buy the "sell in May and go away" song and dance. We are here for spotting opportunities that others don't see, so stay tuned as we highlight Bernie Schaeffer and his trading team's top stock picks to buy in May and hold through the summer months! To access the entirety of Schaeffer's Top Summer 2021 Stock Picks report, click here.

Alcohol behemoth Molson Coors Beverage Company (NYSE:TAP) suffered a prolonged downtrend from mid-2016 until last September, when the equity hit an 11-year low of $32.11. Since, TAP has been in rapid recovery mode, now up 29% in 2021, recently experiencing a series of higher highs and lows, with potential for a trend change. For even more peace of mind, Molson is an established brand that is fundamentally sound, trading at 13 times its forward earnings and 1.2 times its sales.
It’s no surprise breweries had taken the food and beverage industry by storm pre-pandemic, but outside businesses have managed to mostly adapt to the new environment. For Molson Coors Beverage, the company doubled its market share in the seltzer category last year and revealed a new partnership with Coca-Cola (KO) to produce and distribute sparkling water product Topo Chico. With restaurants and the wider economy opening up amid a raising vaccine rate in the U.S., the summertime will more than likely bring a fresh surge in product consumption. 


Molson Coors Beverages (TAP) Stock Pick for Summer 2021


In terms of analyst outlook, TAP looks ripe for upgrades. Specifically, six of the nine brokerage firms in coverage sport a tepid "hold," "sell," or "strong sell" rating on the security. Meanwhile, short interest looks to be building, up nearly 60% year-to-date, rising alongside the shares of TAP. This accounts for 9.4% of the stock’s total available float, and would take short sellers over one week to buy back their bearish bets, at the stock’s average pace of daily trading.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI