Today's 5 Stock Ideas (Happy St. Patty's Day Edition):
Diageo (DEO) - Owner of Guinness, Lagavulin Scotch and Bailey's Irish Creme. When you pour your Guinness today, make sure to follow the Irish rules:
With the Russian ruble sinking to fresh lows and global companies exiting the market, forecasts of a looming collapse of the $1.7 trillion Russian economy have grown since the Kremlin launched its military attacks on Ukraine less than two weeks
There's a theory out there, strange as it may seem, that lipstick sales rise in recessions. There is some evidence to show that this might be true - L'Oreal (OTC: LRLCF) showed rising sales, by 5%, in the 2008 recession. This has been dressed up itself into "The Lipstick Effect".
Dwayne "The Rock" Johnson's tequila brand, Teremana, launched in March 2020 and sold around 300,000 cases during the COVID-19 pandemic year. The tequila company has now sold more than 600,000 nine-liter cases year-to-date, representing unrivaled growth in the spirits business.