Cramer's Morning Take: Constellation Brands 2/18/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 18 February 2025

⏱️ 4 minutes

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Summary

Jim and Jeff discuss this alcohol maker as Berkshire Hathaway buys stake in the company. They also dive into what led to the rise in shares for these health care stocks. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0	Hey, it's Kramer, and this is my morning take on the market from today's CBC Investing
0:06.1	Club morning meeting.
0:08.2	I hated the fact that there was a cabal of shorts working with a few analysts to knock
0:14.6	down Palo Alto.
0:17.3	It was shameless, it was horrible, the quarter was great.
0:19.9	They so confused things. I'm glad
0:21.7	Nekash Rora in the end wins. It's a good stock and the shorts are going to be on the run.
0:26.6	Now, let's just talk about some of the things that you talked about last week. You and I talked about.
0:32.9	We were adamant that Constellation brands had been an underperformer and Bill Newland's not delivering.
0:40.3	So we got the chance of our life here.
0:42.3	Yeah, you got a nice bump this morning after 13F filing revealed that Berkshire had his stake in the company at the end of the fourth quarter.
0:51.3	So keep in mind, this was as of December 31st.
0:53.3	Don't know what they've done
0:54.6	in the last six weeks, especially in the face of that very disappointing last quarter,
1:00.3	potential tariffs on goods imported from Mexico. So, you know, it was up 7% pre-market. We looked
1:06.9	at that strength as an opportunity to get out. Got a chance. You're still disappointing beer numbers.
1:11.6	The latest Nielsen numbers that came out today.
1:13.6	Beer.
1:14.6	Think about how much they screwed up.
1:15.6	They're down 4.3% year over year, down 1.4% on a two-week traveling basis.
1:19.6	They screwed up cannabis, they screwed up beer, they screwed up the brewery in Mexico.
1:26.6	They screwed up and not be able to sell their wine spirits division.
	...

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