Molson Coors Beverage Company Class B (NYSE:TAP)
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- DrScience: $TLRY in talks with $TAP for some of Molson-Coors craft beers. This strategy at Tilray has been a bright spot for the company since anybody can grow primo bud in the back yard, but craft beers aren't brewed in the bathtub at home. Momma just won't allow it!
- DavidK: @DrScience $TLRY $TAP they have a seasoned CEO as well . One day this stock will pop up for a 3-4 bagger
- vitoB: not popular here to a few and not tryin to trigger anyone but starter in $BUD as the boycott trade could be finished as $TAP got price raise on this basis. 54.64 LOD
- Docoof: @vitoB $BUD $TAP Fwiw, BofA Stock Flash, from yesterday or the day before: Molson Coors ($TAP): Bullish triangle favors upside to 78. $TAP scored a bullish breakout and retest from a 2-year triangle base. While above 60-59, this bullish pattern remains intact with upside potential to 78. Rising 13, 26 and 40-week MAs from the 58.40s to the 53.70s underpins this positive setup for $TAP.
- Auto: $TAP $MKC short from the 5min $XYL added long
- Auto: $TAP $MKC short to long $$$
- Bridgemate: @DAN Please cover $TAP
- traderbren: $TAP - on the way to close the gap at 60.73 - Holding May 65 puts which I will close on the gap fill.
- peterpaulette: I went into $tap and left $bud after the disaster add from bud look at $tap earnings today..the stock is up nicely
- bb_b: $TAP bouncing off 200MA and just above 8EMA
- issues: @bb_b $TAP I'll drink a Coors to that! We bought it!
- traderbren: $TAP - depending on your thirst, -- although early in the day, $TAP is building the right side of the base, plus it does have a gap to fill to the upside. If $STZ is any indication, folks are pulling up to their local watering hole with a thirst.
-
DAN: ...
$TAP
$RBLX
$TAN
$CLTR
Tightening:
$NTLA
$EDU
$SHOP
$BZUN
$WKHS
$PWR
$HHS
$MCK
$CLFD
Strong trends:
$GO
Breakouts (some are failures. This market is not good for breakouts);
$VIVO
$TAP
$SWIR
--Dan - vcondry: @DAN $AMN $ENPH $LLY $DQ $OTTR $OPCH $JAZZ $JKS $FNKO $HALO $TAP $RBLX $TAN $CLTR $NTLA $EDU $SHOP $BZUN $WKHS $PWR $HHS $MCK $CLFD $GO $VIVO $SWIR awesome thank you
- vitoB: @DAN $AMN $ENPH $LLY $DQ $OTTR $OPCH $JAZZ $JKS $FNKO $HALO $TAP $RBLX $TAN $CLTR $NTLA $EDU $SHOP $BZUN $WKHS $PWR $HHS $MCK $CLFD $GO $VIVO $SWIR ; within the $TAN complex any thoughts on $SHLS showing some outperformance over the past two months?
- DAN: @vitoB $AMN $ENPH $LLY $DQ $OTTR $OPCH $JAZZ $JKS $FNKO $HALO $TAP $RBLX $TAN $CLTR $NTLA $EDU $SHOP $BZUN $WKHS $PWR $HHS $MCK $CLFD $GO $VIVO $SWIR $SHLS It's not really tending higher at all, and not looking like it's going to break out. The support level is the 50-day moving average. It wouldn't be something I would buy here...but it could be a low risk trade for you, vito. You just keep your stop below yesterday's low. Make sense?
- vitoB: @DAN $AMN $ENPH $LLY $DQ $OTTR $OPCH $JAZZ $JKS $FNKO $HALO $TAP $RBLX $TAN $CLTR $NTLA $EDU $SHOP $BZUN $WKHS $PWR $HHS $MCK $CLFD $GO $VIVO $SWIR $SHLS ..copy that. Also think you meant $CLR
- DrScience: $TAP Tap-tap! Tap-tap-tap! Got my attention yesterday, but early trading has the stock hitting the upper Bollinger band and backing away. Earnings report due on AUG 2nd.
- DrScience: $TAP It may be too early to start drinking, but you can still join the fraternity I TAPPA KEG!
- jpoko13: @DrScience $TAP Thanks! I needed that! LOL
- Kid2old: @DrScience $TAP $HSY Looks like you can have chocolate with that keg.
- skipj7598: @DrScience $TAP mmm beer
- jwstich: @DrScience $TAP Tapa Kega Bru
-
DAN: ...
$TAP -- Rebound after steep pullback? Looks that way.
$CF -- Itch scratcher buy?
$MRO -- Strong trend. Watch for better entry.
$COP -- Might be the best that you get right here. Alert $104 (buy)
$XLV
$BIO
$EMBC
$REGN
$UNH
$CVS -- Flat base.
$BIIB ... - Auto: $BBBY $CHPT $DELL $TAP $TSLA $LNG $CTIC $JAZZ long from way below
- Momentariness: @Auto $BBBY $CHPT $DELL $TAP $TSLA $LNG $CTIC $JAZZ Welcome back. Hope all is well.
- Auto: @Momentariness $BBBY $CHPT $DELL $TAP $TSLA $LNG $CTIC $JAZZ Thanks...the 19 got me...all is good now 8>)
- Docoof: @Auto $BBBY $CHPT $DELL $TAP $TSLA $LNG $CTIC $JAZZ Just noticed your return and read your posts. Glad you’re over 19 and glad you’re back.
- Pokersmith: @bRobert $SAM see also...: $TAP ( @Forexpro pick )
- bRobert: @Pokersmith $SAM $TAP Bubbles rising in TAP $60 target potential
- Pokersmith: @bRobert $SAM $TAP a bullish brew 🍺
- Forexpro: @Forexpro $MS $SIVB $TAP Hi, Friends, Attached, a daily chart of $TAP. All the best!
-
Forexpro: ...
Separately, Bloomberg notes that sales of alcohol have recovered to pre-pandemic levels. $TAP isn't the worst-looking chart I've ever seen; I'll attach it as a reply to this post.
Best of luck today! - Pokersmith: @Forexpro $MS $TAP hmmmmm beer 🍺 Might need to hoist a pint given $GS report reaction. Long $MS 😒
- Margi1983: @Forexpro $MS $SIVB $TAP If $SIVB breaks below $670.50, just below the low from 3 weeks ago on the weekly, I am out with my stop. So frustrating as I know this is good stock but my entry at $722 on 1/10/22 was terrible
- bRobert: $TAP. nh. $58. W. target. acquired. $65. potential. high base. but. extended
- bRobert: $TAP. nh. $64 - $70. daily. high base. Notice the. large WEEKLY. C&H. like base. 200W. ceiling cleared. $58+. speed. bumps. $75. potential.
- bRobert: $TAP. breakout Pb. retest. $58/$64. with. . trigger >. $56. np
- Bert953: @bRobert $TAP Hi, have you looked into the seasonality of the beer trades $SAM $BUD? with summer approaching and covid still a concern, will people stay home and down a cold one or two or six-pack?
- bRobert: @Bert953 $TAP $SAM $BUD Alcohol sales have been huge during Covid. Outdoors is deemed a very safe place if not ridiculously sardine packed $SAM. owner. WEEKLY. breakout from. consolidation. Retest bounce as we head into Memorial day and the Summer season
- Pokersmith: Positive reaction to $TAP earnings.. look for pin action in $SAM. Though not thrilled with the price action after earnings...it DID make a higher low yesterday. Wish they would do a split.
- lostsheep: $TAP continuation of this bo
- lostsheep: $TAP looking frisky
- Margi1983: @BJ $SAM Amazing. Meanwhile $TAP is crap. Revenue down 12% the past 6 months and profits down 83%. The Miller name is gone as it is called MolsonCoors now. They sold their LA brewery to Pabst. It ain't Miller time any time soon. And $BUD missed earnings by 151% recently. Nice to see $SAM kicking ass as $BUD and $TAP get waxed for boring, tasteless beer. $STZ is also in the dumpster currently
- Henry: $SAM Fundamentally it makes no sense. Earnings growing 10%, PE and everyone these days says PE doesn't mean anything but it's 72. $DEO, $STZ, $BUD, $TAP don't have charts anywhere near as good. It's up 47% in 2 months. It's beer. Supposedly people are drinking their way through the covid crisis and if kids are going to be home 365 days, they will continue to drink. Will bRobert's price target be 975? It might and the stock might get there. I like their beer BTW
- Carpe_Diem: @bRobert $SAM yet the the chart on $TAP looks ugly
- bRobert: @Carpe_Diem $SAM $TAP It $TAP ed out
- Sher: $TAP - Nice bullish reversal underway after pretty steep PB - MS lifted PT to $45 from $42, this morning. I'm long July $42.50 calls, to which I've been adding - MAs are reversed but improving - Today's 3+% move has put it back above the 8, 20 and WV MAs - Stock has retraced about 40% of it's 6-11-20 low of $36.38 and is currently trading at $39.50, boosting the calls 58%, today.
- Sher: This has been fun, but taking profits on several large front month call positions... Many were put on yesterday and I am more than happy with the gains: $BYD, $CTL, $ING, $NTAP, $QCOM, $SU and $VIAC. Took profits on $ARNC, $BGS, $GE, $LEVI, $RDFN, $SAVE, $WORK and $ZS earlier in the week. Still long $AZN, $CNC, $DHI, $INSG, $NET, $NLY, $NRZ, $SDGR, $TECK, $TAP and $X. This all just seems a bit surreal...
- Danzguy: @Sher $BYD $CTL $ING $NTAP $QCOM $SU $VIAC $ARNC $BGS $GE $LEVI $RDFN $SAVE $WORK $ZS $AZN $CNC $DHI $INSG $NET $NLY $NRZ $SDGR $TECK $TAP $X You've been killing it, Sher! I'm sure that you will have a Great w.e.! Cheers!
- success: @Sher $BYD $CTL $ING $NTAP $QCOM $SU $VIAC $ARNC $BGS $GE $LEVI $RDFN $SAVE $WORK $ZS $AZN $CNC $DHI $INSG $NET $NLY $NRZ $SDGR $TECK $TAP $X good for you . . enjoy the weekend
- Sher: $TAP - Squeezing to the upside after steep earnings sell-off - MAs reversed though 8-day now curling to the upside and back above the 20-day, and with today's nearly 4% gain, price is, once again, solidly back above VWAP. Guggenheim increased TP from $51 to $54 - Stock currently trading at $42.08 - Pre-earnings high was $47.24. Grabbed a few July $42.50 calls, this morning, at $1.30/share - Currently trading at $1.80/share.
- Bridget: $TAP and $BUD are both trading near their recent lows, while $SAM is up at all time highs.
- scottrades: @Bridget $TAP $BUD $SAM Better Beer and it proves it in the chart. :)
- champ: @Bridget $TAP $BUD $SAM --- Yes been watching $SAM also.... you don't miss anything, you out Rank me...#General-Bridget.
- bRobert: @scottrades $TAP $BUD $SAM Taste is all in the stein of the beholder.
- bRobert: @Bridget $TAP $BUD $SAM $SAM I AM One of my favorite perennial short squeezes. A Renaissance favorite as well.
-
DrScience: $BLL $TAP $BUD $SAM Every holiday weekend beer drinker knows that there are two brands of beer: The brand you buy, and the brand you drink! Thankfully, both brands are probably available in aluminum cans produced at a Ball Corp. facility.
I looked ... - issues: @bRobert $BUD $SAM Also $TAP is Coors beer!
- bRobert: @issues $BUD $SAM $TAP Bring a beach blanket
- Geewhiz: @DAN $TAP Snap back snapped back! BTO at 59.37 2/14. Placed trailing stop. STC at 61.26 on 2/21. Cheers to you and all who followed this trade.
- DAN: @Geewhiz $TAP Nice job, Geewhiz. That's how you trade!!!
- genki: @bRobert $KO $TAP and beer.
- Geewhiz: $TAP @DAN #tappingthekeg. BTO at 59.37. Stop in place at 58.37. Party on Garth,
- DAN: @Geewhiz $TAP #tappingthekeg Nice! Let us know how it works out, Geewhiz. 8-) So far, so good!!!
- CraigReynolds: $TEVA is acting like Dan talked about last night teaching about $TAP. Will watch the activity of these 2 to see the performance.
- scottrades: @PJMR11 $HEXO That deal was announced last year. The "excitement" from the JV has been priced in. There's a news article out today that says they are releasing beverages in the fall: https://obj.ca/article/gatineaus-hexo-molson-coors-unveil-cannabis-based-beverages-fall $TAP
- PJMR11: @scottrades $HEXO $TAP Thanks. I guess I am way behind the curve on these stocks. Your help is appreciated.
- PJMR11: $TAP Buy order in at $59.1. Think that the reaction to earnings overdone. Looking for bounce this week. Will keep a tight stop
- DrScience: #Earnings Implied moves for some companies reporting tomorrow BMO. Some offer pretty attractive premium in OTM strikes. $UAA +/-13% $ONDK /-12.3% $IPGP /-9.3% -- Sell FEB 120/125/150/155 IC @1.75 $TOWR /-8.5% $MDSO /-8.4% -- Sell FEB 80/85/65/60 IC @1.00 $NMRK /-7% $TAP /-6.6% -- Sell FEB 67.50/72.50/60/57.50 IC @1.00 $USFD /-6.4% $SABR /-6.4% $MLM /-5.6% $HUN /-5.2% -- Sell FEB 19/21/23/25 IC @ .47 $JLL /-4.9% $NP /-4.6% $AYR /-4.1% $OMC /-4.1% -- $STE /-3.8% $FIS /-3% $NRZ /-2.1% -- Sell FEB 17 Put @ .25 (to add to positions) $WELL /-1% $WEC /-1%,
- scottrades: Opened a starter position in $HEXO yesterday. Added today. Trading quite orderly for a #PotStock. Real move should come with a break of the white line. Mentioned them last night in my video. They are the company that has a beverage JV with $TAP
- mepcc1: @scottrades $HEXO $TAP #PotStock @Dan @Gary - Have to say thanks for your video's - love them! And thanks to @DAN & @Gary for including you in their team.
- Robert1965: $TAP just came up on scan up 2.7% 1.70, for the week from 57.91 to 62.70
- DrScience: $NBEV hopes to sell CBD-infused beverages as an alternative to blazing up. Don't laugh... Molson Coors ($TAP) is betting on consumers jumping on the liquid refreshment weedwagon, as well. They project (guess) that 20-30% of Canada's cannabis sales w ...
- Robert1965: @DrScience $NBEV $TAP The original coke had cocaine in it, when outlawed caffeine was substituted
- PhilHarmonic: @Robert1965 $NBEV $TAP I would prefer to eat it or drink it, rather then smoke it..Easier on the throat..
- tkcoretrader: @PhilHarmonic $NBEV $TAP How true to life.
- spmeyers: @DrScience $NBEV $TAP CBD doesn't get you high, but it does have a buzz going for it
- DrScience: $XLP The ETF has been trading on double and triple average volume during the month, and as company reports come in, we're getting some giant swings. The Staples sector fell away from resistance today as it appears -- for now -- to be a risk-on environment. $CLX reported this morning, and is holding the 50 DMA; earnings at $TAP were sold into. With only a few fish swimming against the tide and with the overall market attempting to stabilize here, I think money will flow out of this sector, at least, into the end of the year. I'm looking at an aggresive DEC 55/58 BeCS @ 1.03 Credit. A more conservative DEC 56/58 @ .50 might work, as well.
- bRobert: @Shopaholic526 $CRON People are buying. That's why .:) Strong momentum. Strong Technical pattern. People want a piece of the the next multibillion dollar industry. $STZ . lit the the match with $4+ billion . investment in $CGC. Other alcoholic beverage companies are scrambling to play catchup and not be left behind. eg $DEO $BUD $TAP . Other deals coming. The space is in play. Do your trading rules violate any of these bullish catalysts?
- baronp0329: Watching $STZ, could be a low risk entry. Support around 205. NP. The catalyst for today’s jump appears to be the joint venture Molson Coors Brewing ($TAP) announced with The Hydropothecary Corporation ($HYYDF), also known as HEXO, this week to create cannabis-infused beverages. The market always likes it when trends start to pick up steam, so seeing TAP join STZ in the cannabis arena seems to be generating a lot of confidence for both stocks.
- Cheezit: @Dan Do we like $TAP for a low risk tight stop trade? Or should I be lashed for trying to catch a knife?
- DAN: @Cheezit $TAP Hi Cheezit. No, I wouldn't give you 50 lashes. I don't see it as a falling knife anymore. IT's holding at $60. But because it's just drifting sideways, you can see that there is plenty of supply at that level. Sellers are still liquidating the stock, and buyers are still buying -- all around $60-61. So when can we say that the stock will actually start moving higher? Tomorrow? Friday? Next week? we really can't. We just see that it is NOT moving higher now. And the longer the stock trades at the same level, the less oversold it becomes. So if you're buying it now, you're just buying a dip and then relegating yourself to sitting back and hoping that the stock starts moving higher...no time reference. Make sense?
- Cheezit: @DAN $TAP OK I guess a classic example of "wait for the direction to show itself" NP
- ebell1: $tap May have found a bottom
- nestorsch1: @ebell1 $tap just got filled at $61.03 about the same price it was at the open today. Put a tight stop 2% below in case of a gap and crap.
- martyrb3: @ebell1 $tap Article in today's WSJ. Lower beer sales hitting the big brewers; drinkers turning to other alcoholic beverages, such as wine and whiskey. NP
- Junior1: @martyrb3 $tap #microbreweries
- grcjr: @martyrb3 @ebell1 @nestorsch1 $tap - Several of the larger warehouse style Liquor stores around Denver/Boulder have added Cheese and other food items in the attempt to expand sales on items with good markup. It also seems to me that the prices have gone up on beer. Some stores have gone into the super markdown Sunday sales where you need to be in line prior to opening to have a chance at the good items. A couple months back a couple shops had the Oban 18 for almost half price. Why pay full price?
- optionswealth: @grcjr $tap Publix here in Florida has been having some buy one get one free sales. Different beer different week.
- Henry: $TAP $MTCH The charts may be 1 day apart, but the the dynamics should be different 1.9 vs 56% short OT I usually have something snarky to say about the appearance of the talking heads. Today I will not mention Maria's hair, but Mohammed El-Erian looks fit and trim this morning, no neru jacket though
- jr3345: @Henry $TAP $MTCH OT- she is an east coast girl - can't handle 0600 on the west
- optionswealth: @Henry $TAP $MTCH I haven't sen El-Erian on in a long time.
-
Gary: ...
14. $TAP – rebound
15. $MTCH – rebound
16. $YUM – just about run its course.
17. $FLR – stop below $43.80.
18. $EL – stop below $133.
19. $HII – From WU “Buy above $211.” Look for $230. Alert $228
Re ... - ascutia833sunset: $TAP, closed out of my position this morning. Bought $TAP Friday morning at the open at $59.70.
- ascutia833sunset: $TAP, picked this up when it broke $60.00 for a dead cat bounce with a tight stop
- PJMR11: $TAP Dropping back on 7 minute chart. Volume slowing. Waiting for the turn up.
- Terry: @PJMR11 $TAP was a good ride from 9:30 to 10:00, then I got stopped out. Good Luck!
- PJMR11: @Terry $TAP Not so good now. Got in late. Waiting for a bounce. Will give it a little more to the downside. Using yesterday's close as a stop.
- PJMR11: $snap $TAP. Two cases where the rubber band snapped on me. Fortunately, listen to the advise to start with very small positions
| Stock Price | $59.34 |
| Change | 1.18% |
| Volume | 4,913,480 |
Molson Coors Brewing Company is a holding company that produces, manufactures, markets and sells beer and other beverages through its subsidiaries.
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Past Month
Leading Peers
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$29.01 20.72%
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$125.47 6.10%
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$11.67 5.37%
Past Month
Lagging Peers
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$50.21 -8.51%
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$227.63 -5.72%
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$59.34 -1.90%
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