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Jim Cramer says the recent drop in beverage giant Constellation Brands Inc. (NYSE: STZ ) has made the stock a “steal.” Despite a cautious consumer outlook following its recent earnings beat, the prominent stock picker sees the pullback as a prime buying opportunity for investors. Spotting a Bottom in Beer Constellation
Constellation Brands Inc. (NYSE: STZ ) reported fiscal first-quarter results that topped Wall Street estimates after Tuesday’s market close and affirmed its full-year earnings outlook. The Corona parent posted adjusted earnings of $3.43 per share, exceeding the consensus estimate of $3.21. Revenue rose to $2.43 billion