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Beaten down stocks to watch 👀

The Market has been quite a rollercoaster lately… err more like a giant drop tower ride. There are a lot of factors at play, post-pandemic market correction, ever impending recession, inflation, and the debit ceiling bill (which the House just passed a few minutes ago). But one factor some companies are dealing with is their LGBTQ+ marketing campaigns blowing up in their faces.

In this post we’ll look at a few companies who are losing billions (yes with a B) over these ads and why they’re worth keeping an eye on despite all of this. Let’s get into it…

BUD LIGHT ($BUD)

The biggest loser so far is a clearly Bud Light. After gifting a special can of Bud Light featuring trans TikToker Dylan Mulvaney. Now to be clear, Bud was not releasing special cans for customers only this one can as a gift to Dylan, but regardless, Bud Light’s loyal customers were not having any of it and a massive boycott against the brand began and even Kid Rock blasted back with outrage:

Anheuser-Busch has lost $15.7 BILLION in value since Bud Light drama

The stock plummeted and bars began cancelling their orders as patrons simply weren’t ordering it anymore. You can hear more about the story in this WSJ episode:

Bud Light is desperately trying to win people back, even offering their product FOR FREE via a $15 rebate: