Jim Cramer Discussed These 12 Stocks & Elon Musk Vs Sam Altman

8. Constellation Brands, Inc. (NYSE:STZ)

Number of Hedge Fund Holders In Q3 2024: 36

Constellation Brands, Inc. (NYSE:STZ) is another ill-fated alcohol stock whose shares ended 2024 7.9% lower. Like Boston Beer, a slow beer market has hurt the firm’s business and caused it to reduce beer growth guidance to 4% to 7% from an earlier 6% to 8%. The guidance cut has contributed to Constellation Brands, Inc. (NYSE:STZ)’s shares dropping by 18% year-to-date. In his previous remarks, Cramer outlined that he believes the firm’s management is refusing to acknowledge the slowdown in the beer market. Specifically for Constellation Brands, Inc. (NYSE:STZ), he believes that Hispanic growth hasn’t delivered due to border closures. Here are his latest remarks for the firm:

“For instance, I look at Constellation Brands which is the worst stock that my, one of the worst stocks that my trust has ever owned. And a lot of that I think is well, this is the no drink beer but also people very worried about a tariff there. People worried about people, well look at that [points to stock price chart] you know what that is a chart of my stupid brain. Right there, you see my cortex, that’s my cerebellum right there.”