The following video is part of this week's MarketFoolery podcast, in which host Chris Hill, along with Jason Moser and Joe Magyer, discuss the latest business news. Shares of Beam fell slightly today on the news of the company's $600 million acquisition of Pinnacle Vodka. Why the drop? In this segment the guys analyze Wall Street's expectations for Beam after it was spun off from Fortune Brands Home & Security. Despite today's drop, shares of Beam and Diageo are beating the market so far in 2012, and the guys discuss how the broadening of the spirits market bodes well for the long-term future of the industry.

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Chris Hill owns no shares of any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Beam and Diageo. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.