Boston Beer (SAM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Beverage companies are poised to have gained from continued momentum across markets and channels, strong demand for premium products, improved pricing, and innovation in Q4. KO and TAP are slated to report earnings beat in Q4.
Archer Daniels (ADM) Q4 results are likely to reflect gains from solid demand, a strong Nutrition unit and efforts to expand its solutions portfolio. High costs and inflation are likely to have ailed.