"That's a level it bumped up against two other times, so, if it can finally break above that, ... this is a stock that's going to get a lot of upside momentum," he said."You always have to wait for that actual break to take place," he said, referring to the $50 level. "Don't try to get in front of it.""If you look across the losers, they are very different stories," she said in the same "Trading Nation" interview.
Constellation Brands, for one, is "very cheap relative to [its] long-term averages and they've actually maintained their dividend," she said. "So, depending on what you're looking for, that could be an interesting play.""Budweiser, interestingly, actually has the strongest operating margins, and it also has slashed its dividend in order to ensure that it survives this. So I think that the quality stock here probably is that ...
AB InBev, Boston Beer, Diageo and Brown Forman's stocks ended trading less than 1% higher on Thursday. Constellation Brands shares fell by about 2%. Molson Coors' stock fell 3.5%.
TradingNation Really? Between take-out mixed drinks here in Texas and liquor stores as essential businesses, I’d think they’d be in the black. Well, let me slip on my mask and help their stocks.
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Source: Reuters - 🏆 2. / 97 Read more »