Diamonds and Dogs

9/3/24

Constellation Brands (STZ) is up 2% on mixed guidance for the rest of the year. Constellation owns the popular Mexican lager Modelo Especial, which has surpassed Bud Light to become the best-selling beer in the U.S. by dollar value. Constellation's wine and spirits branch, on the other hand, are struggling today.

The dog of the day goes to Boeing (BA) down 8% to a 52 week low on a downgrade at Wells Fargo and a bearish outlook for free cash flow going forward. The new price target is $119 a share or 30% below current levels. Besides trading at a 52 week low, the stock is also at a seven year low.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.