In today's video, Tamara looks at the bull market in beer and liquor. Shares of Diageo (NYSE: DEO), which is the producer of Jonnie Walker and Bushmills, popped this week on news that the company plans to invest $1.5 billion to boost production of its popular scotch and whiskey brands. She'll explain why she's giving the stock an "outperform" rating on her profile in Motley Fool CAPS.

Meanwhile, industry peers Beam (NYSE: BEAM) and beer king Anheuser-Busch (NYSE: BUD) offer alternative ways to play the alcohol space. The liquor industry tends to fare well in both good times and bad, which creates a compelling story for investors. However, these stocks are by no means cheap. In the video, Tamara compares the valuations of these stocks to weed out the best deal.