DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Constellation Brands"


25 mentions found


☆ Here are Friday's biggest analyst calls of the day: Apple, Amazon, Uber, Nike, Boeing, Netflix & more
  + stars: | 2023-01-06 | by ( Michael Bloom | ) www.cnbc.com   time to read: +10 min
Baird names Boeing a top 2023 pick Baird named Boeing as a top idea this year and says it sees a recovery in aerospace. UBS names Target a top pick in 2023 UBS says it sees Target as a market share gainer in 2023. Wells Fargo initiates Snowflake as overweight Wells said in its initiation of the stock that it's built to "weather the storm." Piper Sandler names Amazon a top 2023 pick Piper Sandler says it sees share gains and easing comps for the e-commerce giant. " Bank of America names Domino's a top 2023 pick The firm says Domino's is well positioned in a declining macroeconomic environment.
☆ Friday, Jan. 6 2023: Cramer shares a warning for megacap tech stocks
  + stars: | 2023-01-06 | by ( Joshua Natoli | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFriday, Jan. 6 2023: Cramer shares a warning for megacap tech stocksJim Cramer and Jeff Marks break down what the December jobs report means for the portfolio. Jim gives insight after talking with the CEO of Constellation Brands on "Mad Money" Thursday night, and why a stock buyback program would be great for the beer company's shareholders. Jim also warns Investing Club members that several megacap tech names in the portfolio could see even more selling.
☆ Constellation Brands (STZ) Q3 earnings
  + stars: | 2023-01-05 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +1 min
A worker stacks cases of Constellation Brands' Corona beer for delivery at the Euclid Beverage LLC warehouse in Peru, Illinois. Shares of Constellation Brands fell Thursday after the wine, beer and spirits company reported ongoing supply chain costs that offset sales growth in its beer category. For the three months ended Nov. 30, Constellation's beer segment posted year-over-year net sales growth of 8%, driven by continued growth of its Modelo Especial and Modelo Chelada brands. However, the company cited higher costs from raw materials, packaging and logistics, brewery expansions and marketing, which offset beer sales growth. The company said it plans to continue price increases on its beer products to match higher operating costs plaguing its supply chain.
☆ Constellation CEO hints at stock buyback after shares take a beating. The Club would fully support the move
  + stars: | 2023-01-05 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Constellation Brands (STZ) could potentially implement a stock buyback program, CEO Bill Newlands said Thursday — a move we would welcome as shareholders in the alcoholic beverage maker. During an interview with Jim Cramer on "Mad Money" Thursday evening, Jim pushed Newlands on whether Constellation would consider a buyback given the decline in the stock. U.S.-based Constellation's growth in the beer market has been propelled by its 3 Mexican beer brands — Modelo Especial, Corona and Pacifico. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A case of Constellation Brands Inc. Corona beer sits on a shelf in a cooler during a delivery in Ottawa, Illinois, U.S., on Tuesday, April 2, 2019.
☆ Apple is coming off a terrible year and Wall Street is torn on whether it's set for more pain or about to skyrocket.
  + stars: | 2023-01-05 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
While the meeting minutes don't tell us exactly what the Fed will do next month, generally they are worth paying attention to for hints into the thinking of central bankers. Shares fell further on Tuesday and Wednesday after a Nikkei report said demand for MacBooks, AirPods, and Apple Watches is weakening. But Loup Funds' Gene Munster said Apple stock should be worth double its current value, given that it's one of the world's greatest companies. What's your outlook for Apple stock this year? This hedge fund manager has returned 163% over the last year, and he's anticipating more pain to come for stocks.
☆ As Constellation's shares fall on weak earnings, we see a buying opportunity
  + stars: | 2023-01-05 | by ( Zev Fima | ) www.cnbc.com   time to read: +6 min
Excluding equity losses from Constellation's stake in cannabis company Canopy , adjusted earnings came in at $3.01 per share. Company results Beer sales of $1.89 billion, up 8% year-over-year, were better than analysts' expectations of $1.82 billion. Meanwhile, wine-and-spirits front sales came in at $544.6 million, a decrease of 4% year-over-year and below analysts' expectations of $565 million. Assumed in this guidance are beer sales growth of 9% to 10% and operating income growth of 4% to 5%. Additionally, operating cash flow is still expected to come in between $2.6 billion and $2.8 billion.
☆ Stocks making the biggest moves midday: Silvergate, Bed Bath & Beyond, Walgreens and more
  + stars: | 2023-01-05 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Silvergate — Shares of the crypto-focused bank tumbled more than 42% after Silvergate disclosed massive customer withdrawals during the fourth quarter. Bed Bath & Beyond — The home goods retailer plummeted 24% after reporting it's running out of cash and is considering bankruptcy, citing weaker-than-expected sales. Constellation Brands — The alcoholic beverage maker's shares fell 8.8% after quarterly earnings came in slightly lower than analysts expected, according to FactSet. The food company reported earnings of 81 cents per share on revenue of $3.31 billion in revenue. GE Healthcare Technologies — Shares of the new public company fell 3% on their second day of trading, after rallying 8% on Wednesday.
☆ Market off lows; Amazon job cuts not enough, Corona beer maker sinks
  + stars: | 2023-01-05 | by ( Jeff Marks Jim Cramer | Jeff Marks | Jim Cramer | ) www.cnbc.com   time to read: +2 min
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ Modelo beer maker set to deliver a strong Q3, as the Club holding dominates the high-end market
  + stars: | 2023-01-04 | by ( Paulina Likos | ) www.cnbc.com   time to read: +4 min
U.S.-based Constellation's growth in the beer market has been propelled by its 3 Mexican beer brands — Modelo Especial, Corona and Pacifico. 1 spot in the country's high-end beer market and the No. 2 in the overall beer market, and has been the No.1 share gainer among Constellation's beer portfolio during the company's last 6 consecutive quarters, according to management. Moreover, Constellation's recent decision to eliminate its dual-class share structure puts the company in a strong position to deliver for all shareholders. Trucks with Constellation Brands Inc. Corona and Modelo beer sit during a delivery in the Zona Rosa neighborhood in Mexico City, Mexico.
☆ Earnings Exchange: WBA, STZ & CAG
  + stars: | 2023-01-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: WBA, STZ & CAGDavid Katz, Matrix Asset Advisors chief investment officer, joins ‘The Exchange’ to discuss a few stocks ahead of earnings including: Walgreens, Constellation Brands and Conagra.
☆ Wall Street expects robust gains for these 10 Club stocks in 2023
  + stars: | 2023-01-03 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +7 min
After recently highlighting Club holdings that analysts tapped as their top picks for 2023, we wanted to take the Street's temperature on our stocks in a different way. Humana Percentage of analysts with a buy/overweight rating: 80% Upside to average price target: 19.5% Humana is the only Club holding besides Halliburton to post share gains in 2022 and land on Tuesday's top-10 screen. Salesforce Percentage of analysts with a buy/overweight rating: 78% Upside to average price target: 47.2% Add Salesforce to the list of beaten-up tech stocks that most analysts expect to recover in 2023. Advanced Micro Devices Percentage of analysts with a buy/overweight rating: 76% Upside to average price target: 35.7% Of the 10 stocks on this list, AMD saw the biggest decline in 2022. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
☆ Markets close out the year down, following light week of trading
  + stars: | 2022-12-30 | by ( Zev Fima | ) www.cnbc.com   time to read: +4 min
Markets closed out the week — and the year — in the red, as the so-called Santa Claus rally failed to materialize. Under the hood, financials closed out the week in the green followed by energy, while materials led to the downside followed by consumer staples and utilities. On Thursday, initial jobless claims for the week ending Dec. 24 came in at 225,000, the U.S. Labor Department said. ET: ISM manufacturing PMI 10:00 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
  + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com   time to read: +16 min
Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.
☆ Here’s our third-quarter earnings report card for all the stocks in our portfolio
  + stars: | 2022-12-27 | by ( Zev Fima | ) www.cnbc.com   time to read: +17 min
Third-quarter earnings season is finally behind us — and like the prior quarter, results were solid overall compared to analyst forecasts. Danaher (DHR) reported sales and earnings beats on the back of better-than-expected results in all three segments of the health technology company. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Still the luxury hotel and casino company reported solid third-quarter results boosted by its U.S. properties. Amazon (AMZN) reported results that were disappointing, to say the least, and compounded by guidance that was even worse.
☆ The managers of two of the best stock funds of 2022 told us about the 3 highest-conviction names in their portfolios
  + stars: | 2022-12-23 | by ( Marley Jay | ) www.businessinsider.com   time to read: +4 min
Together, they run two of the highest-returning stock funds of 2022. BNY Mellon fund managers John Bailer and Brian Ferguson have done well at avoiding those sorts of traps. Bailer runs a dividend-focused stock fund that's returned 12% a year for investors over the last decade and earned a four-star rating, according to Morningstar. In a joint interview, Bailer and Ferguson told Insider about a couple of current favorites from across their portfolios. (3) Berkshire Hathaway (BRK.A)Warren Buffett is a legendary value investors himself, of course, and his Berkshire Hathaway conglomerate is a favorite for a lot of investors.
☆ Jim Cramer's Investing Club meeting Friday: Fed strategy, Club mantra, buying opportunities
  + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Fed isn't ready to stop Investing mantra reminder Looking to buy 1. Smucker (SJM), Campbell Soup (CPB) and General Mills (GIS) are all companies that fit the Club's investing mantra. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
☆ Jim Cramer's Investing Club meeting Thursday: Estee Lauder, NFL-YouTube deal, Beer buy
  + stars: | 2022-12-22 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. While shares of EL were down to around $241 each mid-morning on Thursday, Jim Cramer thinks they could slip further by the close. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ We're buying the recent dip in a beer stock that tends to hold up during tough times
  + stars: | 2022-12-22 | by ( Jeff Marks Jim Cramer | Jeff Marks | Jim Cramer | ) www.cnbc.com   time to read: +4 min
We're buying 25 shares of Constellation Brands (STZ) at roughly $230.60 each. Our thesis all year has been that beer demand tends to be resilient in a macroeconomic slowdown, and we think the risk of trade-down from Constellation's one-of-a-kind Mexican beer portfolio is minimal. Lastly, we believe that Constellation Brands trading at a steep discount to other beverage stocks makes it attractive. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Trucks with Constellation Brands Inc. Corona and Modelo beer sit during a delivery in the Zona Rosa neighborhood in Mexico City, Mexico.
☆ Jim Cramer's top 10 things to watch in the market Thursday: Fed selling, chip stocks boost, Disney concern
  + stars: | 2022-12-15 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Barclay's raises price target on Club holding Wynn Resorts (WYNN) to $95 per share from $75; keeps an equal weight (hold) rating. Citi raises price target on Club holding Linde (LIN) to $402 per share from $322; keeps buy rating. HSBC starts Club stock Nvidia (NVDA) with a reduce rating and a $136-per-share price target; says downside not priced in. Cowen downgrades JetBlue (JBLU) to market perform from outperform (hold from buy); trims price target to $10 per share from $9. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
  + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +9 min
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
☆ Jim Cramer's top 10 things to watch in the market Wednesday: Fed day, crypto hearings, Nvidia boost
  + stars: | 2022-12-14 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Deutsche Bank raises its price target on Club holding Nvidia (NVDA) to $170 per share from $150; keeps hold rating. Deutsche Bank initiates coverage of Club holding Danaher (DHR) with a buy rating and a $310-per-share price target. Goldman Sachs cuts its price target on Tesla (TSLA) to $235 per share from $305, but keeps a buy rating. Wells Fargo raises its price target on Goldman Sachs (GS) to $400 per share from $380; keeps an overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ These 10 Club holdings have been the biggest buyers of their own stocks
  + stars: | 2022-12-14 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +10 min
We then divided that by each company's average market capitalization throughout that same time period. These 10 stocks spent the most on buybacks in their latest full fiscal year relative to their average market capitalization over that same four-quarter period. Devon Energy's stock ended Tuesday at $61.98 per share, giving the company a market cap of $40.52 billion. As of Sept. 30, the company had $43.5 billion remaining on its $70 billion buyback program, which was authorized by the board in April. As of Sept. 30, Linde had $6 billion left on its $10 billion buyback authorization approved by its board in February.
☆ Jim Cramer says he likes these 5 consumer staple stocks in 2023
  + stars: | 2022-12-14 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer on Wednesday recommended a slate of consumer staple stocks for 2023. "I'm not entirely convinced that we're headed for a recession next year, but we're definitely looking [at] a meaningful slowdown,and that's terrific for the consumer staples," he said. Consumer staple companies will "be able to keep putting up solid earnings growth even as most other industries will experience down numbers," Cramer said. Campbell SoupCampbell Soup is the third-best performing consumer goods stock this year, and with good reason, according to Cramer. Estee LauderThe prestige beauty company stock will likely roar higher with China poised to reopen its economy, Cramer predicted.
☆ Jim Cramer's Investing Club meeting Monday: Stocks rise, watching oil, Disney
  + stars: | 2022-12-12 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watching oil Oil prices climbed Monday morning, with West Texas Intermediate crude — the U.S. oil benchmark — up 3.7%, at $73.65 a barrel. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ Jim Cramer's top 10 things to watch in the market Tuesday: JPMorgan double upgrade, oil prices dip to $75
  + stars: | 2022-12-06 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Later in the session, prices turned lower and U.S. oil prices are dropping another 1% on Tuesday. Deutsche Bank updates Club name Estee Lauder (EL) to buy from hold; raises price target to $266 per share from $209. In off-price target, the Club likes and owns TJX Companies (TJX), with T.J. Maxx, Marshalls and HomeGoods brands. However, Deutsche Bank raises price target on Club holding and Corona beer maker Constellation Brands (STZ) to $249 per share from $244; keeps hold rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
<< prev 12 next >>
Total: 25