Companies making headlines before the bell Thursday.» Read More
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. As investors try to numb the pain of a weakening economy the world’s largest wine company offers many ‘tastes for life’’ from California cabernets to a New Zealand chardonnays. And for those in a different sort of spirit the company also distributes Corona beer and Black Velvet vodka. Investors had nothing to whine about today after this company posted better than expected earnings. Who is it?
407,000 initial jobless claims is the highest since the 425,000 reading of Sept 16, 2005. Disappointing. Futures dropped 8 points, bonds rallied. Continuing concerns over writedowns of European banks caused a brief rally in the dollar, but the poor jobless claims has taken much of the gains out.
Conventional wisdown suggests that in good times people drink and in bad times people drink more. Should you buy the liquor company stocks to defend your portfolio from the credit crunch and slowing economy?
Americans may be drinking less, but they're drinking better.
For several years, rum distillers have been trying to ditch the product's image, which is so closely linked to pirates, palm trees, and cheap daiquiri drinks, in an attempt to capture their fair share of sales to cocktail-swilling trendsetters.
Stocks skidded back into correction territory as investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial but create problems for other companies like AT&T.
Constellation Brands plans to buy the U.S. wine business of Fortune Brands for $885 million, the companies said Monday.
You might say Constellation Brands (STZ) is a sparkling company, at least currently. The world's largest winemaker (as well as the manufacturer of Corona and more) is trading up 1.5% after it upped guidance and reported earnings that beat Street estimates. Can Constellation sustain growth or is it likely to fizzle?
Here are my morning observations: 1) If there's anything there is a consensus on, it's that the four-year decline in volatility is now ending. The implications of this are very important for hedge funds and active investors, particularly those that employ a quantitative strategy: 1) fewer concentrated portfolios (spreading out risk), 2) an unwinding of leverage, and 3) sector rotation.
Alcoholic drinks company Constellation Brands reported a stronger-than-expected quarterly profit Thursday and raised its full-year earnings outlook, helped by higher sales of branded wine and spirits.
October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.
Constellation Brands Thursday posted a quarterly profit far above Wall Street estimates, as its efforts to cut the amount of wine it ships to U.S. distributors did not hurt sales as much as expected.
Constellation Brands CEO Richard Sands joins the guys for a spirited discussion as they go behind the headlines and give you their take on ... Merck ... the railroads... and more. Find out where they're making fast money.
Wine and spirits producer and marketer Constellation Brands said Thursday its fourth-quarter net income grew 21%, as strong wine sales helped offset a drop in sales of imported beer and competition in the British market.
The Lightning Round is back, and the callers are especially revved up. Cramer's got the word on Akamai, Cheesecake Factory and a lot more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.
Shares of Constellation Brands fell to a two-year low after the company provided a weak fiscal-year 2008 forecast, citing ongoing challenges in the U.K. retail environment and an oversupply of Australian wine.
It’s been a hard time out there for hard liquor. The Dow Jones Distillers & Vintners Index is down 10% YTD. On “Squawk on the Street,” CNBC's Mark Haines asked Brent Wilsey, president of Wilsey Asset Management why the winemakers and distilleries seem to be suffering from somewhat of a hangover.
Constellation Brands, the world's largest wine maker by volume, said its quarterly profit fell 1.1% and lowered its fiscal 2007 outlook citing tough competition in the U.K.
Investors are not toasting Constellation Brands today. The spirits giant missed 3Q estimates and lowered its profit outlook for 2007. On CNBC’s “Morning Call” Constellation Brands Chairman and CEO Richard Sands explained what went wrong