Amidst global uncertainty, you should seek comfort in alcohol as an investment opportunity. 

The most attractive stock right now in the global liquor industry is Brown-Forman Corp. (BF.B) , which is scheduled to report third fiscal quarter earnings on Tuesday, March 7. Operating results are expected to be healthy, so you should scoop up the stock now before it probably spikes after earnings are released.

The average analyst expectation is for Brown-Forman to report quarterly earnings of 48 cents a share, compared to 47 cents a share in the same quarter a year ago. 

Because of its highly popular brand labels such as Jack Daniel's, Brown-Forman has been able to hike prices on its premium products in recent quarters without suffering a resulting drop in sales, which in turn has boosted profit margins.

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Brown-Forman's bottom line also has benefited from a multi-year cost-cutting campaign. Revenue, meanwhile, is getting lifted by forays into emerging markets where rising ranks of middle class consumers associate the company's famous brands with the good life in the affluent West.

With a trailing twelve-month price-to-earnings ratio of only 18.5 times, Brown-Forman's stock is much cheaper compared to the trailing earnings multiples of major competitors Diageo (DEO) (24.4 times) and Constellation Brands (STZ) (24.6 times).

Analysts expect Brown-Forman to rack up earnings growth next year of 7.3%, and 5.3% over the next five years on an annualized basis. In the context of these robust growth prospects, the stock is an appealing value play in a broader market that's overbought.

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John Persinos is an analyst with Investing Daily. At the time of publication, he owned none of the stocks mentioned.

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