Why Molson Coors Stock Is Trouncing the Market So Far in 2022
Molson Coors Beverage (NYSE: TAP) shareholders are beating the market by a wide margin this year. The alcoholic beverage stock jumped 18% in the first half of 2022, according to data provided by S&P Global Market Intelligence, compared to a 21% drop in the S&P 500.
That performance looks even better when you stack the beer giant against its industry peers. Boston Beer, Constellation Brands, and Anheuser-Busch InBev are all trading lower so far in 2022.
Molson's comparatively strong performance has been driven by its market share gains and its brighter growth and earnings prospects.
Source Fool.com
