Last month, I talked about the advent of alcoholic seltzers and the huge impact they are having in the beverages space.
Specifically, I mentioned Constellation Brands, Inc. (STZ) as my favorite investment to capitalize on the growing trend.
Recently, Constellation has landed itself in some legal trouble over one of its popular seltzer brands, Corona Hard Seltzer.
Back in 2013, AB InBev (BUD) – owner of the Corona brand – agreed to sell the rights to produce the Corona brand in the U.S. to Constellation. But InBev is claiming that the agreement only extended to beer, not hard seltzer.
InBev filed suit last week after it failed to come to a settlement with Constellation.
Shares of STZ fell sharply as a result – from highs of over $241 per share to just under $224.
While I’m not about to speculate on what the outcome of the suit may be, I will say that last week’s sell-off could be providing a great buying opportunity with excellent timing.
I think Constellation will continue to outperform with demand set to increase in a big way as more bars and restaurants are able to reopen their doors.
Plus, the potential for improving cannabis legislation has Constellation’s holdings of Canopy Growth Corp. (CGC) soaring.
Now could be a great time to pick up STZ shares or add to your position.
Trading tip of the week
The hedge funds always win.
That is why we are consistently watching their trades, because they have access to information that we do not have.
The GME saga continues and I truly believe that Robinhood, Citadel, and the hedge funds limited traders to selling GME stock, thus pushing the price lower.
That’s why I want to help you level the playing field…
Your link to the data hedge funds don’t want you to have
Using the incredible power of my S.C.A.N. system, I’m able to pinpoint exactly where the big institutional money is flowing.
I can see every move they make in real-time, and I track their moves to find the best opportunities to double your money in just a few short weeks or less.
Every Monday-Thursday, I show members of my 1450 Club research service the exact trades to make to play those movements for the biggest potential gains in our Live Trading Room.
They can see exactly what I’m tracking live, have the opportunity to ask questions in real-time, and receive trade recommendations with up-to-the-minute pricing.
So, if you want the trades, the fast action, and the education to boot – click here now to learn everything you need to know about the 1450 Club.
Earnings report to watch
Etsy, Inc. (ETSY) is another great example of a company that has thrived under the conditions created by COVID-19.
The need to avoid public places triggered a massive shift towards online shopping over the last year. And Etsy was there to help facilitate an influx not only of buyers, but also sellers of the unique, personalized products that the company is known for.
Etsy is also one of the largest companies to accept Bitcoin, making it an attractive place for investors to spend their profits as Bitcoin reaches new highs.
I like Etsy’s prospects for continued growth, even as things start to return to “normal.”
I’m very interested to see what this well-run e-commerce giant will report on Thursday after the close.