TheStreet's Jim Cramer is keeping an eye on Constellation Brands (STZ) as the spirits company prepares to post first quarter results before the open Wednesday. Cramer says this company has come on strong, pointing out that Modelo and Corona are the fastest growing brands in the United States. He expects this to be another great quarter for Constellation Brands. Cramer advises investors to buy half ahead of earnings and another half after they report. Analysts surveyed by Thomson Reuters are expecting the company to post net income of $1.23 per share, that's compared with $1.09 reported a year ago. Revenue forecast is for $1.62 billion, up from $1.53 a year ago. Shares of Constellation Brands are up nearly 19 percent year-to-date.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.