Kevin Mahn: Can Constellation Brands Bounce Back
Kevin Mahn says the alcohol consumption decline is overplayed, with global volume down just 2% and developing markets like India, Mexico, and Brazil still expanding. He sees value in Constellation Brands (STZ) at under 10x forward earnings and a 3.6% dividend yield, but is not a buyer yet due to industry headwinds. Tom White then demonstrates an example trade using STZ.
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Disclosure: Hennion & Walsh Asset Management currently has allocations within its managed money program, and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs), consistent with several of the investment areas discussed during this interview.
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Bill Walsh , Bonds , Fed Rate Hike , Fixed Income , Hennion & Walsh , Inflation , Kevin Mahn , M&A , Retail Sales , reuters , Rich Hennion , S&P 500 , Smarttrust , stocks
