Constellation delivers on beer, but wine weakness prompts downgrade

Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. However, shares fell 4% after an initial move up, as investors — including us — remain troubled by continued weakness in the wines and spirits business. Comparable net sales for the three months ended May 31 increased 6% … Read more

Constellation (STZ) to grab more prime real estate at stores, boosting stock

Constellation Brands has an upper hand in a battle for coveted — but shrinking — territory in stores, according to new Wall Street research. It is further evidence that the Mexican beer powerhouse is a worthwhile investment in an otherwise weak category. Constellation’s portfolio of beers, anchored by Modelo and Corona, is among the best … Read more

Cramer says the market can’t broaden out due to uncertainty away from tech

CNBC’s Jim Cramer on Thursday said it’s no secret that the market rally has been driven by a handful of tech stocks, and it’s not likely to change anytime soon. Cramer said companies like Nvidia, Apple, Microsoft, Alphabet, Amazon, Oracle and now Broadcom have been integral to the rally. Broadcom shares closed up 12% on … Read more

Daily marijuana use surpasses alcohol consumption, new study finds

In this photo illustration, dried cannabis flowers are displayed on April 30, 2024 in San Anselmo, California. The U.S. Drug Enforcement Administration (DEA) announced plans to reclassify marijuana as a less dangerous drug and designate it a Schedule III controlled substance instead of a Schedule I drug where it is currently listed.  Justin Sullivan | … Read more

Supreme Court’s Alito sold AB InBev, bought Coors

United States Supreme Court Associate Justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC.  Alex Wong | Getty Images Supreme Court Justice Samuel Alito sold shares of beer giant Anheuser-Busch InBev as conservatives were ditching the Bud Light brewer … Read more

Republican donors fund group doxxing pro-Palestinian students

A truck with a “Fire Gay” message drives through Harvard Square. The congressional testimony of Harvard University president Claudine Gay has caused a stir on campus on Dec 10th. 2023. Pat Greenhouse | Boston Globe | Getty Images A far-right activist group that is doxxing college students who engage in pro-Palestinian protests revealed that it … Read more

GEHC’s unwarranted post-earnings plunge is a buying opportunity

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) April showers : The Dow Jones … Read more

Weight loss drug patients spend less on restaurants, takeout: survey

A food delivery messenger carries a take out bag outside aSweetgreen in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images A highly popular group of weight loss and diabetes drugs is decreasing some consumers’ appetites — and also how much they spend on food. Most people taking those medications, … Read more

Molson Coors gains market share as consumers shift away from Bud Light

A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007. Scott Olson | Getty Images Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead. The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings Tuesday as net … Read more

Inventory problems at Children’s Place chain could benefit TJX Companies

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible. Here is Friday’s edition. We came … Read more