Kiss me, I’m Irish! That is what you’ll be hearing a lot of after work if you go out for the St. Patrick’s Day festivities after work (or during work) today. We wanted to take a look to see how the Irish stocks are doing, as well as a few of the non-Irish stocks that may just get wrapped up in the celebration theme as well. So far it looks like the Japan-themed rally is giving the Irish and just about everyone else a boost. At 1:12 PM local time in Dublin, the Irish Stock Exchange’s ISEQ Overall index is up 50.43 points at 2,763.43. We are taking a look at the Irish ADRs and funds that would be exposed to Ireland here in the U.S. today.
Allied Irish Banks plc (NYSE: AIB) is up 2% at $2.98 and the Bank of Ireland (NYSE: IRE) is up 2.5% at $2.00.
The New Ireland Fund, Inc. (NYSE: IRL) closed at $6.99 on Wednesday and we have yet to see formal trading indications in the pre-market.
Ryanair Holdings plc (NASDAQ: RYAAY) is up 2.9% at $27.37.
Elan Corp. PLC (NYSE: ELN) is up 1.6% at $6.33. Warner Chilcott plc (NASDAQ: WCRX) has yet to show formal trading indications in the pre-market trading.
Boston Beer Co. Inc. (NYSE: SAM) and Molson Coors Brewing Company (NYSE: TAP) are both Irish for a day… shares have not traded pre-market but are indicated higher. Anheuser-Busch InBev (NYSE: BUD) is up 2.15% at $55.07 in pre-market trading.
Altria Group Inc. (NYSE: MO) is up 1.2% at $24.59. If people are drinking more today, chances are that they are smoking more and probably bringing in a few non-smokers as well. It’s just a day thing!
Happy St. Patrick’s Day!
JON C. OGG
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