Beer no longer ‘recession-proof’ as slabs push past $65
Published . Updated .
Key takeaways
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The boss of Coopers Brewery, owned by 219 extended family shareholders, says inflation and high price tags are making drinkers of the beverage think twice.
Directly affected
- No company is named in this report.
Indirectly affected
- PBJ Invesco Food & Beverage ETF
Invesco Food & Beverage ETF: it tracks beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story.
- XLP Consumer Staples Select Sector SPDR-1.1% 11d
Consumer Staples Select Sector SPDR: it tracks beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story.
- TIP iShares TIPS Bond ETF-0.4% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- BUD Anheuser-Busch InBev+4.4% 30d
Anheuser-Busch InBev (malt beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story.
- STZ Constellation Brands+25.8% 30d
Constellation Brands (beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story.
- TAP Molson Coors Beverage+8.8% 30d
Molson Coors Beverage (malt beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story.
- SAM The Boston Beer+33.7% 30d
The Boston Beer (malt beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| PBJ | -0.90% | +1.76% | base | after close | after close | after close | after close |
| XLP | +0.84% | +2.08% | base | after close | after close | after close | after close |
| TIP | +0.09% | -0.20% | base | after close | after close | after close | after close |
| BUD | +0.00% | -0.39% | base | after close | after close | after close | after close |
| STZ | -0.92% | +2.43% | base | after close | after close | after close | after close |
| TAP | +7.24% | +7.08% | base | after close | after close | after close | after close |
| SAM | +0.38% | +3.84% | base | after close | after close | after close | after close |
| WMT | +1.78% | +2.99% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Beer no longer ‘recession-proof’ as slabs push past $65 AFR
Source: AFR
How far Invesco Exchange Traded Fd T (PBJ) has moved since 9 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Anheuser-Busch InBev (BUD) | three days earlier | -0.39% | final price |
| Anheuser-Busch InBev (BUD) | five days earlier | 0.00% | final price |
| Invesco Exchange Traded Fd T (PBJ) | three days earlier | +1.76% | final price |
| Invesco Exchange Traded Fd T (PBJ) | five days earlier | -0.90% | final price |
| Boston Beer (SAM) | three days earlier | +3.84% | final price |
| Boston Beer (SAM) | five days earlier | +0.38% | final price |
| Constellation Brands (STZ) | three days earlier | +2.43% | final price |
| Constellation Brands (STZ) | five days earlier | -0.92% | final price |
| Molson Coors Beverage (TAP) | three days earlier | +7.08% | final price |
| Molson Coors Beverage (TAP) | five days earlier | +7.24% | final price |
| TIP | three days earlier | -0.20% | final price |
| TIP | five days earlier | +0.09% | final price |
| WMT | three days earlier | +2.99% | final price |
| WMT | five days earlier | +1.78% | final price |
| Select Sector Spdr Tr (XLP) | three days earlier | +2.08% | final price |
| Select Sector Spdr Tr (XLP) | five days earlier | +0.84% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Anheuser-Busch InBev (BUD), worth $1,001 - $15,000 on 18 Aug 2026. That is 83 days before publication. Filed 1 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Constellation Brands (STZ) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Constellation Brands (STZ) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Constellation Brands (STZ), worth $15,001 - $50,000 on 28 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Molson Coors Beverage (TAP) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 42 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “Beer no longer ‘recession-proof’ as slabs push past $65”
Companies tied to this story
- PBJ Invesco Exchange Traded Fd T
In “Beer no longer ‘recession-proof’ as slabs push past $65,” Invesco Exchange Traded Fd T (PBJ) is linked, with no stored direction, medium confidence. Reason on file: Invesco Food & Beverage ETF: it tracks beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
- XLP Select Sector Spdr Tr
For “Beer no longer ‘recession-proof’ as slabs push past $65,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it tracks beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
- SAM Boston Beer
In “Beer no longer ‘recession-proof’ as slabs push past $65,” Boston Beer (SAM) is linked, with no stored direction, medium confidence. Reason on file: The Boston Beer (malt beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
- BUD Anheuser-Busch InBev
For “Beer no longer ‘recession-proof’ as slabs push past $65,” Anheuser-Busch InBev (BUD) is linked, with no stored direction, medium confidence. Reason on file: Anheuser-Busch InBev (malt beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
- STZ Constellation Brands
For “Beer no longer ‘recession-proof’ as slabs push past $65,” Constellation Brands (STZ) is linked, with no stored direction, medium confidence. Reason on file: Constellation Brands (beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
- TAP Molson Coors Beverage
Molson Coors Beverage (TAP) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Beer no longer ‘recession-proof’ as slabs push past $65.” Reason on file: Molson Coors Beverage (malt beverages): it is exposed to beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
How “Beer no longer ‘recession-proof’ as slabs push past $65” reaches Invesco Exchange Traded Fd T (PBJ)
“Beer no longer ‘recession-proof’ as slabs push past $65” (9 Nov 2026) reaches Invesco Exchange Traded Fd T (PBJ) through this story.
The link for Invesco Exchange Traded Fd T (PBJ) is this: Invesco Food & Beverage ETF: it tracks beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
Select Sector Spdr Tr (XLP) is here too. Its reason reads: Consumer Staples Select Sector SPDR: it tracks beer, wine and spirits. Linked by “beer” (beer, wine and spirits) in this story
Price levels for Invesco Exchange Traded Fd T (PBJ)
SAM traded between 170.39 and 232.75 across 20 sessions. The latest close on file is 220.79. XLP traded between 80.10 and 82.50 across 6 sessions. The latest close on file is 81.02.
What the saved facts support for Invesco Exchange Traded Fd T (PBJ)
46 out of 100
“Beer no longer ‘recession-proof’ as slabs push past $65” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.