The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ).
The risk already seems to be playing out in food stocks with exposure to snacks and junk food.
We don't think Constellation Brands stock will suffer the same fate as shares of leading snack food companies like J.M.
Key points The increasing popularity of new diabetes/weight loss drugs could curtail consumer appetite for junk food and alcohol.
Constellation Brands (STZ), the Club name behind the Mexican beers Corona and Modelo, should be able to weather any such headwind.
Persons:
Eli Lilly, it's, Mills, Lilly, Jim Cramer, Mounjaro, Morgan, Morgan Stanley, AOMs, Jefferies, Jim Cramer's, Jim, Gabby Jones
Organizations:
Constellation Brands, Corona, Modelo, Pacifico, Nordisk, Ozempic, Club, Novo Nordisk, Brands, Conagra Brands, Constellation, Bud Light, Jefferies, JPMorgan, CNBC, Bloomberg, Getty
Locations:
U.S, Oro, Brooklyn Borough, New York