Chart of the Day

Constellation Brands, (STZ, NYSE)

  • 2020 saw an 8% decline in alcohol in 19 key global markets which is better than feared.
  • 2020 also saw a 43% increase in ready to drink alcohol volume. (Thank you David for sharing the data.)
  • STZ is a global leader, well positioned in fast growing conventional, and craft beer, wine and hard seltzer markets.
  • STZ is in a technical uptrend above all key rising moving averages and testing 52 week highs.
  • Currently the stock is on a nice orderly pullback filling the gap up on January 7th.
  • Closed at $224.57 it is on our Watch List and not currently an open position.




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