Reported 2 days ago
Jim Cramer suggests that investors should take advantage of the recent bounce in Diageo plc's share price to sell. Despite a 13% increase in August, the stock has dropped 12% year-to-date, influenced by changing consumer behaviors and a decline in drinking among younger generations. Cramer highlights that the alcohol market faces challenges due to health trends and competition from alternative beverages, urging caution for potential investors.
Source: YAHOO