What a way to enter Pride month.
As the United States braces for millions of Americans walking the streets naked or wearing BDSM gear in front of children, companies that are embracing this lifestyle are going broke.
Here is a look at some of the stocks that are tanking in the middle of the trading week:
- Kohl’s Corporation: -2.16%
- Target: 0%
- Petco: -1%
- Anheuser-Busch Inbev: -1.25%
On a monthly and year-to-date basis, these stocks have tumbled at notable paces.
Conservative boycotts have mostly been laughable, but the Bud Light Effect is real and now businesses draped in the color of the Pride flag are facing the consequences of sexualizing children.
Ouch.
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