New Scotch celebrates the famous Glasgow distillery of Port Dundas, launching with the release of 75 limited edition Johnnie Walker Blue Label Ghost and Rare available on BlockBar.com
Market volatility has been intensifying lately amid increasing geopolitical tensions and Fed’s reiterated aggressive hawkish stance. However, the majority of wine and alcohol stocks have persevered, thanks to the inelastic demand for these products.
Many might consider investing in companies engaged in the production or distribution of alcohol as ethically abhorrent. However, alcohol stocks, often termed sin stocks, will probably always be profitable, thanks to the inelastic demand for these products.
Diageo's (NYSE:DEO) short percent of float has fallen 5.88% since its last report. The company recently reported that it has 927 thousand shares sold short, which is 0.16% of all regular shares that are available for trading.
Despite a global boycott of Russia and an international condemnation of the Kremlin’s actions against Ukraine, some multinationals have dismissed demands to exit or scale down their presence in Russia for various reasons and choosing to continue business-as-usual.