Jim Cramer Toasts Anheuser-Busch And Molson Coors, But Recommends Buying This Beer Stock

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended waiting another quarter to buy Walgreens Boots Alliance, Inc. WBA. However, he added, "We do think that it’s coming near to where it is bottoming.”

Walgreens is reportedly considering various options for its specialty pharmacy business, Shields Health Solutions. The potential sale, estimated to exceed $4 billion, is part of Walgreens’ broader strategy to address its financial challenges.

"These are all Bitcoin plays," Cramer said when asked about Marathon Digital Holdings, Inc. MARA. "I say if you want to own Bitcoin, you should own Bitcoin."

Marathon Digital is expected to report fourth-quarter results on Feb. 28, 2024. Analysts expect the company to report quarterly earnings at 4 cents per share on revenue of $143.28 million.

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Cramer said he doesn’t know First Watch Restaurant Group, Inc. FWRG.

First Watch Restaurant Group recently said it sees preliminary fourth-quarter same-restaurant sales growth up 5% year-over-year.

"I’m just so torn," Cramer said when asked about ZoomInfo Technologies Inc. ZI. "I don’t know what gets it going, and it drives me crazy. Sometimes you want the good guys to win, and I can’t think of a thesis."

ZoomInfo Technologies recently reported better-than-expected fourth-quarter financial results and issued guidance.

The "Mad Money" host said although he likes Anheuser-Busch InBev SA/NV BUD, Molson Coors Beverage Company TAP and Constellation Brands, Inc. STZ, but "people don’t seem to like the beer companies." Cramer said, adding that "we own Constellation for the Charitable Trust, and that's the one I would go with."

Constellation owns beer brands such as Modelo and Pacifico, as well as High West distillery.

Price Action:

• Shares of Marathon Digital gained 14.4% to close at $29.41 on Wednesday.
• Walgreens shares slipped 0.1% to settle at $21.54.
• First Watch Restaurant shares rose 2.1% to $23.79 on Wednesday.
• Zoominfo shares fell 1.2% to settle at $18.11 during Wednesday’s session.
• Shares of Anheuser-Busch InBev fell 2.1% to close at $62.35 on Wednesday.
• Molson Coors Beverage shares rose 0.2% to settle at $61.44 on Wednesday.
• Shares of Constellation Brands fell 0.4% to close at $243.60 during the session.

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Image: Via Constellation Brands