Earlier in the month, Brown-Forman Corp , which makes Jack Daniel's Tennessee Whiskey and Finlandia Vodka, reported a much better-than-expected quarterly profit, helped by strong international demand and the weak U.S. dollar.
There’s been a jump on earnings and the stock is now consolidating, short term players are being replaced by longer term guys, explains Quint Tatro. The trend looks bullish to me.
I think Brown looks rich on a valuation basis, says Guy Adami. But with that said, I agree that the stock could go higher.