Brianne GardnerConstellation Brands IncSTZHOLDDec 01, 2023

Spirits sales have been weak in the industry the past year, so he greeted STZ's earning today with worry. Beer sales did very well, but not wine and spirits. Still, STZ raised its full-year earnings and cash flow forecast. Shares were up 2% today after an early sell-off.

Unlike liquor sales, beer sales are healthy. STZ's Mexican beer sales are growing. Their most quarter boasted 12% net sales growth (i.e. Corona, Modelo).

So-called experts are now urging you to buy this stock, but STZ is already up 17% YTD, having been a huge beneficiary of the problems with Bud Light. Don't be a victim of these momentum chasers. In fact, take some profits now.

Don't average down. He has little faith in Canopy, but believes in Constellation who delivered a great quarter, but nobody cared. This will change.

He's long owned this, but the stock has hit several road blocks including a bad investment in cannabis-maker Canopy Growth and the company founders selling huge amounts of shares. he's stuck with it, because he believes in their Mexican beers like Modelo. They just reported solid numbers, like an earnings beat, and a sunny forecast about beer sales even wine/spirits isn't doing as well. Is a long way from last year's highs, but is undervalued.