Important question: how much would you drink if you had a driverless car?
Southfield/San Francisco — When analysts at Morgan Stanley were trying to handicap the driverless car race, their thoughts kept turning to chicken wings. And the Disney film Frozen. And beer. Strange? Actually, it makes a certain kind of sense. The analysts concluded that it’s a fool’s errand to try call at this point which tech outfits or vehicle makers are on the road to building the best, most profitable autonomous models. Better to focus on the activities — and the companies selling them — that will fill our time when we’re hanging out in cars with no steering wheels to grip. Which is where the bank’s investment picks on snacking (Buffalo Wild Wings Inc), movie-watching (Walt Disney Co) and brews (Constellation Brands Inc) come in. "If you never had to drive again, how much more would you drink?" said Adam Jonas, Morgan Stanley’s automotive analyst. "It’s all about the adjacencies. If you invest in that, you’re less likely to be buying an overhyped situation." As for the brands ...
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