Constellation Brands (STZ) reports earnings Friday January 5th, 2018 before the bell.
It hasn’t missed earnings the past 3 years!
It beats EPS estimates by 14% on average.
The stock goes up 11% on average after reporting earnings.
Throughout the year, there are several days where people drink the most alcohol.
Out of the top 5 drinking days of the year, three of them happen in November and December:
* New Year’s Eve
* Christmas
* Drinksgiving (the day before Thanksgiving)
Constellation Brands’ stock has gone up 550% the past 5 years! That calls for a toast. Raise your glass for STZ.
There’s been a lot of paper in the January 2018 calls for STZ.
On December 27th, 4,226 of the January $230 calls were bought at $3.70. The buyer of these calls is looking for STZ to be at least $233 by January expiration to break even.
Earlier this year, Constellation Brands bought 9.9% of Canopy Growth. It’s a Canadian marijuana company. On January 1st, 2018, you will be able to buy marijuana legally for recreational use. California is the biggest marijuana market in the entire country.
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