Constellation Brands, Inc. (STZ)’s “A Stock That’s Been Horrendous,” Says Jim Cramer

We recently published 9 Stocks On Jim Cramer’s Radar . Constellation Brands, Inc. (NYSE:STZ) is one of the stocks Jim Cramer recently discussed.

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Constellation Brands, Inc. (NYSE:STZ) is a distressed alcoholic beverages stock whose shares have lost 27% year-to-date as they struggle to recover from their 17% fall in January after the firm’s fiscal third quarter earnings. Cramer has discussed the stock several times this year as he continues to remain skeptical of the beer industry. This time, he and co-host David Faber discussed Bank of America downgrading Constellation Brands, Inc. (NYSE:STZ) to Underperform:

“Okay, look, here’s a stock that’s been horrendous, I don’t know if we have a chart. . .oh, look at that. It’s been terrible, right here and I’m not saying they’re wrong. Bank of America goes to a Sell because they think numbers are gonna come down again. So we got to go over this.

“[After Faber sarcastically pointed out that BofA had downgraded to sell after 26% in year-to-date losses] Oh give them a break. Given them a break.

“Oh, talk about the substance. Good call. Alright here’s the problem, David. The metrics are going to go down, and these guys, these guys, they have a lot of leverage, but what’s most important is GLP-1s have cut beer. The Gen Z, whoever the [omitted] they are, in terms of their head, they’re healthy. I don’t know what that’s all about, they’re like healthy. That’s who has the stupid mocktails. I shouldn’t say stupid, sometimes they’re tasty.

“It’s the Hispanics, which have, are afraid because they’re afraid to be rounded up if they go to a liquor store. And that matters. Because they’re being deported and now at high levels. So,  I mean I just think that you don’t wanna be there. You don’t wanna be there.”

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Disclosure: None. This article is originally published at Insider Monkey.