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☆ We changed our price target on Constellation after listening to Friday's earnings call
▼ + stars: | 2023-06-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

Constellation Brands (STZ) delivered an earnings beat Friday, along with a compelling outlook that prompted us to raise our price target on shares of the Corona brewer. Excluding equity losses from Constellation's stake in cannabis company Canopy , adjusted earnings came in at $3.04 per share. Bottom line Management's full-year guidance — like the headline sales and earnings numbers — was better than the estimates from Wall Street. Company results Beer sales of $2.1 billion, up 11% year over year, were better than analysts' expectations of $2.07 billion. Taking out capital expenditures of $1.2 billion to $1.3 billion (unchanged), the free cash flow forecast comes in between $1.2 billion and $1.3 billion (unchanged).

Persons: —, we're, That's, depletions, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Constellation Brands, Corona, Refinitiv, Wall, Modelo Especial, Wall Street, Management, CNBC, Constellation Brands Inc, Bloomberg, Getty Locations: U.S, Ottawa , Illinois

☆ Top things to watch in the stock market Friday ahead of July 4 week
▼ + stars: | 2023-06-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Citi initiates coverage with a buy rating and a $240-per-share price target, which puts the stock at 30 times fiscal year 2025 earnings-per-share (EPS) estimates. Jefferies upgrades Carnival (CCL) to a buy rating and increases its price target to $25 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. 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.

Persons: Dow, it's, Bausch, Brent Saunders, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Apple, Citi, Nike, JPMorgan, Nice, Modelo, Constellation Brands, Jefferies, Novartis, Troubled, Bausch Health, Mastercard, Jim Cramer's Charitable, CNBC Locations: Corona

☆ Ocean exploration: The benefits and risks
▼ + stars: | 2023-06-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Ocean secretsA bioluminescent jellyfish is shown in an image taken during exploration of the Marianas Trench Marine National Monument. NOAA Office of Ocean Exploration/APThe deep ocean is an alien landscape that scientists have only just begun to understand. So much remains to be explored because reaching the bottom of the ocean is an incredibly difficult task. But the ocean depths have much to offer, including lifesaving compounds and the secrets of how life on Earth evolved. The event is nearly 10 months away, but people are already anticipating the total solar eclipse that will pass over Mexico, the US and Canada on April 8, 2024.

Persons: Miles, hasn’t, Jiang Feibo, NASA’s Parker, Ashley Strickland, Katie Hunt Organizations: CNN, Marianas Trench, NOAA, of Ocean Exploration, University of Cambridge, China News Service, CNN Space, Science Locations: Africa, Mexico, Canada, England, Trumpington, Germany, Rome, Lhasa, Tibet, Bermuda, France

☆ Total solar eclipse: What to expect during the 2024 event
▼ + stars: | 2023-06-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Sky-gazers across North America are in for a treat in 2024 when a total solar eclipse will pass over Mexico, the United States and Canada. The last total solar eclipse visible from the US occurred on August 21, 2017. During a total solar eclipse, the sky will darken as it would at dawn or dusk, and there are several stages of the eclipse that sky-gazers anticipate. The total solar eclipse will be visible in parts of Mexico, Canada and more than 10 US states, while the partial solar eclipse is expected to appear in 49 states — weather permitting. A map shows the path of the annular solar eclipse in October in yellow circles and the 2024 total solar eclipse in blue circles.

Persons: Aubrey Gemignani, NASA That’s, It’s, Prince Edward Island, Ross, Bill Ingalls, you’re, ”, Kelly Korreck, “, Carla Thomas, Joel Kowsky Organizations: CNN, NASA, Astronauts, Space Station, NASA Armstrong, Research, Gulfstream, Amateur, Telescope Locations: North America, Mexico, United States, Canada, Madras , Oregon, Ocean, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Ontario, Quebec , New Brunswick, Prince, Nova Scotia, Newfoundland, Central, South America, Oregon, Texas, Gulf, Oregon , Nevada , Utah, New Mexico, California , Idaho , Colorado, Arizona, Belize, Honduras, Panama, Colombia, Natal, Brazil, Ross Lake, Northern, Washington

☆ Jim Cramer looks at what investors can do as Wall Street enters 'profit-taking mode'
▼ + stars: | 2023-06-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 'Profit-taking mode' Wall Street was lower Wednesday, as investors monitored Federal Reserve Chairman Jerome Powell's congressional testimony. 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.

Persons: Jim Cramer, Jerome, Powell, haven't, Jim, Jim Cramer's Organizations: CNBC, Federal, House Financial Services, Investors, The Federal Trade, Amazon, Amazon Prime, Constellation Brands, Citigroup, Corona, Modelo, Constellation Locations: U.S

☆ 53% of parents say climate change affects their decision to have more kids
▼ + stars: | 2023-06-20 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Climate change is affecting people's decisions about where to work, what companies they buy things from — and how many kids to have. More than half of parents, 53%, say that climate change affects their decision about having more children, according to a new survey. Parents say that concern about climate change is impacting their career decisions, too. It is largely the responsibility of corporations to make good climate decisions, parents say. Just more than half, 51%, of parents say companies have "a lot" of responsibility to hold themselves accountable to do the right thing for the climate, and only 36% of parents say the responsibility to push companies to act sustainably lies with the customer.

Organizations: HP, United Locations: Flushing Meadows Corona Park, Queens Borough of New York City . New York City, India, Mexico, Singapore, United States

Overall U.S. beer sales grew 1.8% in the 12 weeks ended May 20, according to data from research firms NielsenIQ and TD Cowen. Sam Adams maker Boston Beer, the largest craft beer maker, saw its market share slip last year. Bud Light and Coors Light, popular premium light beers, average about $7.40 for a 12-ounce six-pack, while Boston Beer's Sam Adams costs between $10 to $12. "The American consumer likes light beer," Molson Coors CEO Gavin Hattersley said at a conference in early June. "I think dynamics within the subsegment might change, but the overall consumption of light beer is not going to change materially."

Persons: Beer, Neil Reid, TD Cowen, Vivien Azer, Sam Adams, Boston Beer, Bud Light, Jon Reynolds, Reid, influencer Dylan Mulvaney, Michel Doukeris, Gavin Hattersley, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Busch InBev, Molson Coors Beverage, University of Toledo, Refinitiv, Molson Coors, InBev, Boston Beer Co, Reuters Graphics, Boston, Constellation Brands, Modelo, Reuters, Brewery, Miller, University of Vermont . Giants, AB InBev, Thomson Locations: United States, NielsenIQ, Corona, American, Bengaluru

☆ The Funky, Slinky Fashion From This Year’s Governors Ball
▼ + stars: | 2023-06-12 | by ( Wilson Wong | ) www.nytimes.com time to read: 1 min

Neither a drop of rain nor a cloud of wildfire smoke could keep more than 100,000 fans from flocking to the Governors Ball Music Festival over the weekend at Flushing Meadows Corona Park in Queens. Waves of revelers, festooned in rose-colored tutus, elaborately designed fishnets and oversize cowboy hats, filed into the event held this past Friday, Saturday and Sunday. They thrashed to Odesza and Diplo; bounced to Lizzo and Kendrick Lamar; and swayed to Haim and Omar Apollo across three different stages in the green fields encircling the iconic Unisphere, the 140-foot-tall ball fit for … a ball. On the first day of the festival — enveloped by a gray haze, either from the Canadian wildfire smoke, the pyrotechnics, the cigarettes or some combination of all three — music lovers, in between vape hits and beer sips, discussed their outfit inspirations and favorite performances.

Persons: Kendrick Lamar, Haim, Omar Apollo Organizations: Governors Ball Music Locations: Flushing Meadows Corona Park, Queens, festooned

☆ Retailers are gamifying shopping with virtual storefronts to boost engagement, loyalty
▼ + stars: | 2023-06-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Crew virtual beach house. Crew virtual beach house. Crew virtual beach house. Crew virtual beach house. Crew virtual beach house.

Persons: Crew's, Derek Yarbrough, J, Yarbrough, Obsess, Neha Singh, Singh, Elizabeth Arden, Dior, Ralph Lauren, Corona, Johnson, metaverse, it's, Crew's Yarbrough Organizations: CNBC, American, Mattel, Maybelline, Amazon Locations: New York, Los Angeles, Laneige

☆ Microsoft, Google strategy to test AI search ads irks some brands
▼ + stars: | 2023-06-08 | by ( Sheila Dang | ) www.reuters.com time to read: +6 min

[1/2] Google, Microsoft and Alphabet logos and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. Microsoft is testing ads in the Bing AI chatbot, which began rolling out to users in February, by relocating some traditional search ads and inserting them into the AI responses, the company said. In a May interview, Google’s general manager of ads, Jerry Dischler, said the tech company would also use existing search ads to experiment with ad placements within the AI search snapshots, an early-test feature called Search Generative Experience that first became available last month. Microsoft and Google said existing guard rails on their search engines, including lists of blocked keywords to prevent ads from appearing on those queries, would also apply to their AI search features. Three ad buyers said they were concerned about Microsoft’s lack of transparency reporting, or reports that can show what search terms triggered a brand’s ads to appear in generative AI experiences, or how the ads performed versus traditional search ads.

Persons: Dado Ruvic, Google’s, Jerry Dischler, Jason Lee, Wells, Wells Fargo, Lynne Kjolso, Bing, ”, Samantha Aiken, Max, can’t, Kjolso, Sheila Dang, Kenneth Li, Matthew Lewis Organizations: Google, Microsoft, REUTERS, Reuters, MAGNA, Bing, Horizon Media, Thomson Locations: Anthropic, Corona, Wells Fargo, Dallas

☆ First mission to ‘touch’ the sun catches the solar wind
▼ + stars: | 2023-06-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The slower solar wind, located in the same plane of the solar system as Earth, flows at a calmer 249 miles per second (400 kilometers per second). This flip causes the coronal holes to appear across the sun’s surface and release bursts of solar wind directly toward Earth. JHU Applied Physics Laboratory/NASA's Goddard Space Flight CenterUnderstanding the source of the solar wind can help scientists better predict space weather and solar storms that can affect Earth. Fortunately, Parker Solar Probe and a separate mission, Solar Orbiter, are perfectly poised to observe the sun’s powerful, dynamic forces at play. “There was some consternation at the beginning of the solar probe mission that we’re going to launch this thing right into the quietest, most dull part of the solar cycle,” Bale said.

Persons: Eugene Parker, Parker, ”, James Drake, “ That’s, Stuart D, Bale, ” Parker, ” Bale Organizations: CNN, Parker, Probe, JHU, Physics Laboratory, Space, University of Maryland, College Park, University of California, Orbiter, Parker Solar Probe Locations: Berkeley

☆ Uganda's President Museveni tests positive for COVID -health official
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

NAIROBI, June 7 (Reuters) - Uganda's President Yoweri Museveni has tested positive for COVID-19, is in good health and will continue his duties, while getting treatment, a senior health ministry official said late on Wednesday. "Today ...the President tested positive for COVID-19. He said two of three tests he had done were negative, and he was waiting for the outcome of another. That is why you saw me coming in separate cars with Mama," Museveni said, referring to the First Lady Janet Museveni, who accompanied him to parliament. Reporting by George Obulutsa Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoweri Museveni, Diane Atwine, COVID, Museveni, Lady Janet Museveni, George Obulutsa, Marguerita Choy Organizations: Twitter, COVID, Thomson Locations: NAIROBI, Museveni, Uganda

☆ How Solar Wind Flows From the Sun Like Water From a Shower Head
▼ + stars: | 2023-06-07 | by ( Kenneth Chang | ) www.nytimes.com time to read: 1 min

High-speed particles spew out of the sun like water from a shower head, scientists reported on Wednesday. Data from the Parker Space Probe, a NASA spacecraft that launched in 2018 and is now swooping in to gather readings of the sun’s outer atmosphere, or corona, is providing clues about how the sun generates the solar wind — a million-miles-per-hour stream of electrons, protons and other charged particles rushing outward into the solar system. The solar wind research ties into a mystery that has long perplexed scientists: Why is the corona, where temperatures soar to millions of degrees, so much hotter than the surface of the sun, which is a relatively cool 10,000 degrees Fahrenheit? The Parker probe is named after Eugene N. Parker, a University of Chicago astrophysicist who first predicted the existence of the solar wind in 1958.

Persons: Parker, Eugene N Organizations: Parker, Probe, NASA, University of Chicago

☆ Seven Underappreciated Birding Spots in New York
▼ + stars: | 2023-06-06 | by ( Dodai Stewart | ) www.nytimes.com time to read: 1 min

Birding in New York City is easier than you might think. “The best place to bird in New York is exactly where you are right at that moment,” said Martha Harbison, a writer and vice president of the Feminist Bird Club. “I’ve observed 20 species from my own window. But there are plenty of underappreciated birding locations in New York City, and many are accessible by public transportation. Bryant Park, Manhattan

Persons: ”, Martha Harbison, “ I’ve Organizations: Feminist Bird Locations: New York City, New York, Brooklyn, ”, Manhattan, Park, Flushing Meadows Corona Park, Queens, Pelham, Bryant Park

☆ Volkswagen launches extra shifts at Wolfsburg plant - brand board member
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

HAMBURG, May 31 (Reuters) - Volkswagen (VOWG_p.DE) has introduced extra shifts at its factory in Wolfsburg, the carmaker's biggest, after supply chain disruptions in the wake of the Ukraine war and global chip shortage have eased, a senior executive said. Imelda Labbe, who is part of the management board of the Volkswagen brand, said in an internal interview seen by Reuters that Volkwagen's German plants were significantly better utilised than in 2022. "Our production network in Germany was hit particularly hard by the consequences of the corona pandemic, the global chip crisis and the Ukraine war," Labbe said. This also includes the carmaker's plant in Wolfsburg, where Volkswagen is based, Labbe said, adding that the site could only produce 400,000 car, or half its annual capacity, in 2022. Instead, Volkswagen had to introduce extra shifts from May to meet production targets, Labbe said, adding this has positively impacted delivery schedules, which have come down to around 3 months in Europe for its fully electric ID models.

Persons: Imelda Labbe, Labbe, Jan Schwartz, Christoph Steitz, Friederike Heine, Miranda Murray Organizations: HAMBURG, Volkswagen, Reuters, Thomson Locations: Wolfsburg, Ukraine, Germany, Europe

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Ford, Wayfair, Coinbase, Disney, PayPal & more
▼ + stars: | 2023-05-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Barclays reiterates Tesla as overweight Barclays said the stock is well positioned for more gains. "The dominant narrative ahead for Tesla is one of growth, with expectations for significant volume growth and share gains in the years ahead." Roth MKM upgrades Constellation Brands to buy from hold Roth MKM said it sees the company accelerating market share gains. "As weather warms, we expect the share gains for Modelo Especial and Corona to accelerate. Morgan Stanley upgrades Medtronic to overweight from equal weight Morgan Stanley said in its upgrade of Medtronic that it's turning an operational corner. "

☆ Two Club stocks get Wall Street upgrades, sending shares higher
▼ + stars: | 2023-05-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch Constellation Brands Roth MKM on Tuesday upgraded Club holding Constellation Brands (STZ) to buy, from neutral, while increasing its price target to $270 per share, up from $216. 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.

☆ An Influencer With a Mission: Supporting New York Restaurants
▼ + stars: | 2023-05-29 | by ( Joshua Needelman | ) www.nytimes.com time to read: +1 min

‘Tastes like home’“Do you smell that?” Mr. Cho asked as he walked through his old neighborhood, about a half-mile from Renee’s. The air carried an aroma that even the most daring fusion restaurant couldn’t dream of achieving: a mix of Thai, Bangladeshi, Pakistani and other cuisines. “Our audience tends to be very diverse, though 10 out of 10 times they’re English fluent, or culturally New York fluent,” Mr. Cho said. (The team recently added Helen Cho, a former producer for “Anthony Bourdain: Parts Unknown,” to lead that charge.) Mr. Cho and Mr. Lee’s grandest vision is to create an incubator for small restaurant owners looking to scale.

☆ Prospective international spies are demanding to work from home and bring their cell phones to the office, spy chief says
▼ + stars: | 2023-05-27 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

"We cannot offer certain things that are taken for granted today," Kahl said. "Remote work is barely possible here as we need to guarantee security. Not being able to take cell phones into the workplace is also not something you can expect from young people today," he added. According to the CIA's Ask Molly feature, "the CIA's public voice since 2002," prospective US agents will also be disappointed to hear that the service rarely allows for remote work. The website says that staff "primarily work in a Sensitive Compartmented Information Facility (SCIF) to protect our information, sources, and methods from prying eyes or those who may want to harm," meaning opportunities for remote work are scarce.

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. Of course, the other people at your table will say they have no room for dessert. Or Kuh-TAH, like the British pronunciation of catarrh, a phlegmy sore throat?— How Do You Pronounce Qatar? The difference is that “b” is voiced, which for some people, makes it sound funny or strange coming at the end of a word. (April 3, 2005)And the list of the week’s easiest words:

☆ Solar telescope’s images reveal the sun’s surface like never before
▼ + stars: | 2023-05-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —New images of the sun’s surface captured by a powerful ground-based solar telescope have revealed sunspots and other features in unprecedented detail. The eight images, released on May 19, were taken using the National Science Foundation’s Daniel K. Inouye Solar Telescope, a 4-meter (13.1-foot) telescope located on the island of Maui in Hawaii. Although the sun is becoming increasingly active as the July 2025 solar maximum — the peak of the sun’s 11-year cycle — draws closer, the photos showcase the quieter aspects of the solar surface. Bright hot plasma flows upward on the sun’s surface, while darker, cooler plasma flows down. NSF/AURA/NSOThe Inouye Solar Telescope also glimpsed “light bridges,” bright solar features that span the darkest region of a sunspot.

☆ 2 of our consumer stocks are in the headlines. Here's what we think about the news
▼ + stars: | 2023-05-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Consumer stocks Constellation Brands (STZ) and Procter & Gamble (PG) were the subjects of Wall Street scrutiny Thursday. Analysts are concerned about the stock's valuation and the risk to the company's volumes as P & G raises prices on its products. If uncertainty over the health of U.S. banks persists, analysts believe, P & G stock will "likely hold up." But they added, "If the issue dies down, we expect investors to move into less risk-averse stocks." Truist also thinks "investors may be overreading" the consumer goods giant's better-than-expected fiscal third quarter in April.

☆ Here's our Monthly Meeting rapid-fire update on all 34 stocks in the Club's portfolio
▼ + stars: | 2023-05-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Ford (F): CEO Jim Farley did a fantastic job delivering in the automaker's latest quarter, and we like his decision to scale back Ford's business in China . 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. Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

☆ HSBC downgrades Anheuser-Busch InBev as it deals with a 'Bud Light crisis'
▼ + stars: | 2023-05-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to step to the sidelines on Anheuser-Busch InBev as it deals with a "Bud Light crisis," according to HSBC. It's mixed," Laboy wrote in a Wednesday note. The way this Bud Light crisis came about a month ago, management's response to it and the loss of unprecedented volume and brand relevance raises many questions." Laboy wrote. Anheuser-Busch InBev did not immediately respond to CNBC's request for comment.

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