Jim Cramer on Constellation Brands: “I Think It’s a Steal Down Here”

Constellation Brands, Inc. (NYSE:STZ) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer suggested starting a position in the stock for people with higher risk tolerance, as he commented:

Now, for those who want to take a risk, you might want to start a position in, and I’m being, I’m out there on this one, Constellation Brands, STZ… The quarter Constellation just reported last week was one of the first that even remotely smacked of a bottom, especially in beer. I think there was enough here to say that we got a bottom in earnings, but this historic trader fell nearly $7 today, $130 and change. I think it’s a steal down here, I remember when it was double that, especially given the fact that the stock now has a 3% yield. And no, I am not worried about World Cup sales being down because Mexico lost in the World Cup.

Pixabay/Public Domain

Constellation Brands, Inc. (NYSE:STZ) sells beer, wine, and spirits, with beer brands such as Corona, Modelo, Pacifico, and Victoria. Its portfolio also includes wine and spirits labels such as Robert Mondavi Winery, Kim Crawford, The Prisoner Wine Company, and SVEDKA.

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