Molson Coors (TAP) Hits 52-Week High, Earnings Released Tomorrow

Molson Coors (TAP) hit new 52-week high today. Alex Coffey and Jenny Horne discuss TAP as its earnings to be released tomorrow, May 2nd. Its adjusted EPS is estimated at $0.26 and revenue is estimated at $2.23B. They talks about how TAP is up 22% since March 23rd and it sees strength in notable brands Coors Lite and Miller Lite. TAP also so an increase in interest in their Simply Spiked Lemonade and Blue Moon. Alex then demonstrates an example trade using TAP. The trade type is an iron butterfly and the direction is neutral to bullish. Tune in to find out more about the stock market today.