Shares of beer, wine, and spirits company Constellation Brands (NYSE:STZ)
fell 3% in the afternoon session after a downgrade from Bank of America Securities, which lowered its rating on the stock to Underperform from Neutral and slashed its price target.
Shares of beer, wine, and spirits company Constellation Brands (NYSE:STZ)
fell 3.3% in the afternoon session after RBC Capital trimmed its price target on the stock to $230 from $233, though it maintained an Outperform rating.
Stay updated with the movements of the S&P500 index in the middle of the day on Monday. Discover which stocks are leading as top gainers and losers in today's session.
US alcohol exports to Canada dropped 60% due to trade tensions, costing producers millions. Even giants like Constellation Brands and Molson Coors are affected.
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
Regarded as defensive investments, consumer staples stocks are generally safe bets in choppy markets. But they’re also double-edged swords as they often lag in booming conditions, and this pattern has persisted recently.
Over the past six months, the industry has recorded a loss of 4.3%, disappointing since the S&P 500 climbed 5.3%.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
