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.

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