Continue reading Constellation Brands (STZ) rises on Q2 earnings

Constellation Brands (STZ) rises on Q2 earnings originally appeared on BloggingStocks on Thu, 01 Oct 2009 14:00:00 EST. Please see our terms for use of feeds.

Continue reading Constellation Brands (STZ) soars on Q1 earnings

Constellation Brands (STZ) soars on Q1 earnings originally appeared on BloggingStocks on Wed, 01 Jul 2009 14:40:00 EST. Please see our terms for use of feeds.

Are you ready to ring in the new year? I sure am. My wife and I have a bottle of champagne in the fridge and we can't wait to toast 2009.

Normally, we are not big drinkers, but I figured this year would be different. I can't say goodbye to 2008 fast enough. What will go down as one of the worst years in stock market history is plenty reason for us to break out the real stuff.

I suspect we are not alone in our craving for an adult beverage. It is true that during difficult times sales of libations increase. There is good reason for that, as many seek to escape, even for a moment, the challenges faced on a day-to-day basis.

Continue reading This recession is enough to drive people to drink: Buy Constellation Brands (STZ)

This recession is enough to drive people to drink: Buy Constellation Brands (STZ) originally appeared on BloggingStocks on Wed, 31 Dec 2008 16:00:00 EST. Please see our terms for use of feeds.

Constellation Brands (NYSE: STZ) produces and markets more than 250 brands of wine, spirits and beer, in about 150 countries. The Wines division, the largest maker of wine by volume in the world, is responsible for such brands as Robert Mondavi, Inniskillin, Simi, Arbor Mist and Blackthorn (cider). The Spirits division distills such brands as Black Velvet, Chi-Chi's, Fleischmann's, Canadian LTD and Mr. Boston. The Imports division has the right to import, market, and sell Corona Extra, Corona Light, Tsingtao, Modelo Especial, Pacifico and St. Pauli Girl. The firm distributes its products through wholesalers, government beverage control agencies and various retailers. Diageo (NYSE: DEO) and Fortune Brands (NYSE: FO) are major competitors.

The company pleased investors earlier in the week, when it reported fiscal Q1 EPS of 34 cents and revenues of $931.8 million. Analysts had been looking for 31 cents and $906.1 million. The highlight of the quarter was a 24% year over year rise in branded wine net sales. Management also guided FY09 EPS to $1.68-$1.76, versus consensus of $1.70.

Continue reading Constellation Brands (STZ): Share price defining bullish 'pennant'

Constellation Brands (STZ): Share price defining bullish 'pennant' originally appeared on BloggingStocks on Thu, 03 Jul 2008 10:34:00 EST. Please see our terms for use of feeds.

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Continue reading Closing Bell: Bulls drive autos, yes autos, to win the day

Closing Bell: Bulls drive autos, yes autos, to win the day originally appeared on BloggingStocks on Tue, 01 Jul 2008 16:23:00 EST. Please see our terms for use of feeds.

Constellation Brands (STZ) posts 4Q loss on charges originally appeared on BloggingStocks on Thu, 03 Apr 2008 10:50:00 EST. Please see our terms for use of feeds.

• InterOil Corporation (AMEX: IOC) to report quarterly earnings; conference call at 8:30am.
• Fed Reserve San Fransisco Bank President Janet Yellen to speak about foreclosures at 12:00pm.

• Happy April Fools Day, watch out for pranks!
• A-Power Energy Generation Systems (NASDAQ: APWR) to report quarterly earnings; conference call at 9:00am.
• Ford Motor Company (NYSE: F) and General Motors Corporation (NYSE: GM) to report monthly sales, Ford at 1:00pm, GM at 2:00pm.

Continue reading Market highlights for next week: Best Buy and Research in Motion to report earnings

Market highlights for next week: Best Buy and Research in Motion to report earnings originally appeared on BloggingStocks on Fri, 28 Mar 2008 17:57:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Cognos (NASDAQ: COGN) was downgraded to Neutral from Buy at Goldman and at Broadpoint following the acquisition by IBM (NYSE: IBM).
  
• Baird downgraded MSC Industrial Direct (NYSE: MSM) and Fastenal Company (NASDAQ: FAST) to Neutral from Outperform, as they expect the difficult U.S. manufacturing environment to constrain shares.
  
• Credit Suisse lowered its rating on Royal Kpn (NYSE: KPN) to Neutral from Outperform based on Getronics integration risk and slowing mobile earnings momentum.
  
• Koppers Holdings (NYSE: KOP) was downgraded to Buy from Aggressive Buy at KeyBanc based on valuation and concerns on 1H08 comps.

• Goldman removed Foster Wheeler (NASDAQ: FWLT) from its Conviction Buy List.
  
• Gabelli downgraded shares of Constellation Brands (NYSE: STZ) to Sell from Buy.
  
• Stifel lowered its rating on Amerigroup (NYSE: AGP) to Hold from Buy.

Analyst downgrades: COGN, MSM, FAST, KPN and KOP originally appeared on BloggingStocks on Tue, 13 Nov 2007 11:50:00 EST. Please see our terms for use of feeds.

Market highlights for next week: RIMM to report Q2 earnings originally appeared on BloggingStocks on Fri, 28 Sep 2007 15:30:00 EST. Please see our terms for use of feeds.

If your Final Jeopardy question read "What U.S. state is home to the biggest wine producer in the world?", would you answer California? You'd be wrong. It's New York! In fact, the Fairport, N.Y. firm in question sells more than 250 brands of flavored ethanol.

Constellation Brands (NYSE: STZ) produces and markets wine, spirits and beer. The Wines division is responsible for such brands as Robert Mondavi, Inniskillin, Simi, Arbor Mist and Blackthorn (cider). The Spirits division distills such brands as Black Velvet, Chi-Chi's, Fleischmann's, Canadian LTD and Mr. Boston. The Imports division has the right to import, market, and sell Corona Extra, Corona Light, Modelo Especial, Pacifico and St. Pauli Girl. The firm distributes its products through wholesalers, government beverage control agencies and various retailers in some 150 countries. Diageo (NYSE: DEO) and Fortune Brands (NYSE: FO) are major competitors.

The company pleased investors late last month, when it reported solid Q1 results and guided FY08 EPS in-line with the average Street estimate. The CEO announced an acquisition strategy focused on European expansion, premium spirits and niche wines. Banc of America Securities subsequently reiterated its "buy" rating on the issue and boosted its price target to $27. The news kept STZ shares cycling through a positive 10-week trading channel. The price is currently moving near the base of that channel, where oversold CCI, Stochastic and Momentum technical parameters suggest the potential for a rise back toward the top.

Altogether, brokers recommend the issue with two "strong buys," one "buy," eleven "holds" and one "sell." Analysts see a 22% growth rate through the next year. The STZ P/E ratio (20.60), Price to Sales ratio (1.02), Price to Book ratio (1.73) and Price to Cash Flow ratio (11.93) compare favorably with industry, sector and S&P 500 averages. Institutions own about 84% of the outstanding shares. The stock is one of those used to calculate the S&P 500 Index. Over the past 52 weeks, it has traded between $18.83 and $29.17. A stop-loss of $20.50 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the vice president of Stockwinners.com.

Constellation Brands: A mighty big beverage portfolio originally appeared on BloggingStocks on Wed, 11 Jul 2007 14:33:00 EST. Please see our terms for use of feeds.

Cramer's "Sell Block" originally appeared on BloggingStocks on Thu, 25 Jan 2007 19:50:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• UBS upgraded International Business Machines Corp (NYSE: IBM) to Buy from Neutral with a $118 target, citing improving fundamentals and expectations that software acquisitions will contribute to expanding organic growth rates, increased margins and multiple expansions.

• General Dynamics (NYSE: GD) was upgraded to Outperform from Neutral at Cowen, as the firm sees better-than-expected growth for General Dynamics Combat business, driven by the DoD's 2007 supplemental budget.

• Bear Stearns upgraded shares of TiVO Inc (NASDAQ: TIVO) to Peer Perform from Underperform, as the company believes risk/reward is now more favorable.

• Bernstein upgraded shares of Constellation Brands (NYSE: STZ) to Market Perform from Underperform citing valuation.

• Goldman Sachs added Royal Caribbean Cruises (NYSE: RCL) to their America's Conviction Buy List, beliving that RCL's overhang from higher energy expenses is abating and that pricing trends may be slightly better than expectations.

Analyst upgrades 1-8-07: IBM upgraded to Buy at UBS originally appeared on BloggingStocks on Mon, 08 Jan 2007 11:05:00 EST. Please see our terms for use of feeds.