UBS’ Bottom Quant Stocks In AI, IT, Healthcare & Others: 29 Stocks In All Sectors

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9. Brown-Forman Corporation (NYSE:BF-B)

Number of Hedge Fund Investors In Q2 2024: 32

Sector: Consumer Staples

Brown-Forman Corporation (NYSE:BF-B) is a well-known American alcoholic beverages firm that is known for having some of the best-known brands such as Jack Daniel’s. Yet, its somewhat premium brand lineup also means that Brown-Forman Corporation (NYSE:BF-B) is at a disadvantage in an environment where consumers are feeling the inflationary pinch. After all, pricey whiskey is not an essential product, and for the firm, the weakness was evident in its first fiscal quarter when sales fell by 5%. For Brown-Forman Corporation (NYSE:BF-B), the problem is further exacerbated by the fact that raw material price increases have squeezed its margins. Consequently, the fact that the stock is down 27% year to date is unsurprising.

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