Wanna know how to get a leg up on that stuff? Ie, catch the pulse of small-medium sized businesses before the Street knows? Always listen to AJG's conference calls.
Constellation Brands Earnings Due As Modelo Beer Sees Boost From Bud Light Boycott Modelo Especial brand owner Constellation Brands (STZ) will report its Q1 results early Friday. Analysts expect the beer behemoth to benefit from the recent Bud Light boycotts. STZ stock inched down Wednesday after rising Tuesday prior to its end-of-week report. Modelo Claims Title Of Top Beer Modelo overtook Bud Light as the top beer in the U.S. last month, claiming 8.4% of all retail sales compared to Bud Light's 7.3%. The Anheuser-Busch brand held the crown since 2001, but boycotts caused Bud Light sales to dive following its April 1 ad with transgender influencer Dylan Mulvaney. Meanwhile, Bud Light U.S. retail sales dived 25.8% in the week ended June 17 vs. the same week last year. Modelo Especial sales climbed 8.6%. Modelo had been gaining market share more gradually ahead of the Bud Light furor. Constellation Brands sells Modelo in the U.S. but Anheuser-Busch's subsidiary Grupo Modelo owns the international brand license. Anheuser-Busch sold the brand to Constellation Brands in 2013 to gain regulatory approval for its Groupo Modelo acquisition. In a research note last Thursday, Deutsche Bank said Bud Light sales may never fully recover and that could have a permanent impact on Anheuser-Busch's U.S. business. The recent stock underperformance "implies a permanent reduction in ABI's U.S. business," analyst Mitch Collett wrote. "Our proprietary survey data suggests these headwinds are likely to fade even if we do not expect the U.S. business to ever fully recover from its current challenges." Still, the firm thinks the worst of the boycotts are over and upgraded AB InBev shares to a buy rating and raised the price target to 60 euros from 59 euros. Anheuser-Busch is primarily listed on the Euronext exchange under the ticker ABI. In the U.S., it trades in American Depositary Receipts (ADRs) under the ticker BUD on the New York Stock Exchange. Constellation Brands Price Target Raised Wells Fargo raised its price target on STZ stock to 275 from 260 and maintained its overweight rating on Thursday, noting that Constellation Brands' portfolio is healthier, has areas of strength and a path to improve. The raise followed a price target increase from Citi on Wednesday. The firm expects Constellation Brands to report "a solid quarter" with upside to its "on-consensus numbers" based on re-acceleration in sales scanner data and bullish commentary from management during the quarter, analyst Filippo Falorni wrote. Citi boosted its price target on STZ stock to 280 from 265 and kept its buy rating on the shares. Constellation Brands Earnings Analysts polled by FactSet expect earnings to rise 6.4% to $2.83 per share. That would follow two quarters of year-over-year declines. FactSet guides 4.4% sales growth to $2.47 billion, which would be a rebound from a 5% decline in fiscal Q4. STZ Stock Constellation Brands stock dipped slightly to 246.81 Wednesday after climbing 1.9% to 246.99 Tuesday. STZ shares are trading below a 248.43 buy point for a saucer-with-handle base. The stock briefly topped that entry on June 15. Shares are testing support at their 21-day exponential moving average and trading just above their 10-day line. While the 248.43 entry is still technically valid, investors might use the June 15 high of 250.14 as a new handle buy point. STZ stock jumped 10.2% over the past three months but only climbed 4.3% so far this year.
Of course! In fact we were experimenting if Bacchus remembered the word " beach " it's been over a year and a half.. and I think he does. One small thing he is allergic to shell fish so we have to be careful with those large crabs that wash up on the beach./ In case you missed it-
All oceans are off limits to Muttley, She can have any lake, but when she was younger, at Myrtle Beach, I swear I thought that dummy was trying to swim to Europe. Scared me to death. I'm serious, I was screaming at her. I mean I thought I was gonna have to go out and get her. It was scary.
Morning! Yes, Joby and Blackberry were all over Social getting promoted. Carvana has a bigger following than GME.
Lol... Blackberry. Their Quarterly is what I post. What kind of bs is that? I looked this morning, that letter is all they filed with the SEC. How can someone buy a stock, I mean aside from the momo wsb's types, but I mean actually invest in a company, without a financial statement. No wonder these lawyers all start class-actions.