Jim Cramer sees a major catalyst ahead for Corona maker Constellation Brands stock
Publishing timestamp: 2023-10-06 10:37:56
Summary
The article discusses the upcoming investor day for Constellation Brands and the potential impact it could have on the company's stock. It also mentions the involvement of activist hedge fund Elliott Management and their suggestions for the company, including potentially selling the disappointing spirits business. The article highlights the strong quarter and guidance boost for Constellation Brands, but also notes the drop in revenue for the wine-and-spirits division. Overall, the article suggests that the investor meeting next month will provide more insight into the company's future prospects.
Sentiment: MIXED
Tickers: STZ,
Keywords: constellation brands inc, investment strategy, investingclubsample, breaking news: markets, jim cramer, earnings, markets, stock takes, business news,