TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is watching quarterly results from Constellation Brands (STZ) , set to be released on Wednesday before the markets open. 'This has been by far the best performer in the beer group,' Cramer said. 'They own Corona and Modelo and they bought a terrific craft beer company.' Bar San Miguel, Cramer's bar, is hosting a tasting on Tuesday night in Brooklyn, New York.
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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.