Why Facebook, Sears Holdings, and Three Other Stocks Are Trending Today

Page 2 of 2

Although it might have some problems if Donald Trump becomes President and he follows through with his anti-trust talk, Amazon.com, Inc. (NASDAQ:AMZN) is considering putting behind it another potential anti-trust matter, this time in Europe. According to Bloomberg, the e-commerce giant is in talks with regulators on the continent to settle an antitrust probe concerning how Amazon’s e-book contracts with publishers might be severely restraining competition from rival distributors. Amazon is currently the largest distributor of e-books in the area. Jeff Bezos’ company is one of the smart money’s top picks, as our records indicate 145 funds were long Amazon.com, Inc. (NASDAQ:AMZN) at the end of the second quarter.

Follow Amazon Com Inc (NASDAQ:AMZN)

Constellation Brands, Inc. (NYSE:STZ) is in the green after it reported comparable earnings per share of $1.77 (up by 13% on the year) on revenue of $2.02 billion (up by 17% on the year) for its fiscal second quarter, versus the Street’s estimates of $1.65 and $1.96 billion, respectively. For the full year, Constellation Brands, Inc. (NYSE:STZ)  expects earnings of $6.30 to $6.45 per share  and net sales growth of 16% to 17% for its beer business. In addition, the company also announced that it had agreed to buy High West Distillery, which should close by the end of this month. A total of 69 funds from our database were long Constellation Brands, Inc. (NYSE:STZ) at the end of June, down by two funds from the previous quarter.

Follow Constellation Brands Inc. (NYSE:STZ)

Disclosure: none

Page 2 of 2