Constellation Brands Has a Secret Weapon in the Beer Wars: Trump's Tariffs [The Motley Fool]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: The Motley Fool
Perversely, tariffs on Mexican products help Constellation Brands and its host of Mexican beers. During the 2016 U.S. presidential campaign, then-candidate Donald Trump made controversial proposals about his desire to institute tariffs and renegotiate longstanding trade deals. Today, President Trump's threats of tariffs have become reality, with the president recently initiating tariffs on imported steel and aluminum. Initially, Trump exempted Mexico, Canada, and the European Union as they are often reliable trading partners, but he has since reversed the exemptions. As the currency of the U.S.' most dependent trading partner, Mexico's peso tumbled to a one-year low versus the U.S. dollar. Yet oddly enough, Constellation Brands ( NYSE:STZ ) and its host of Mexican beers stand to benefit directly from Trump's tariffs. Image Source: Getty Images. Foreign exchange 101 Most companies source some, or all, of their products or labor from foreign markets to sell in
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STZ
News
- Constellation Brands, Inc. (NYSE: STZ) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $300.00 price target on the stock.MarketBeat
- How Good Is Constellation Brands, Inc. (NYSE:STZ), When It Comes To ROE? [Yahoo! Finance]Yahoo! Finance
- Constellation Brands (STZ) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Constellation defeats InBev appeal over Corona, Modelo seltzer branding [Reuters]Reuters
- Constellation Brands, Inc. (NYSE: STZ) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $300.00 price target on the stock.MarketBeat
STZ
Earnings
- 1/8/24 - Beat
STZ
Sec Filings
- 3/11/24 - Form 3
- 3/11/24 - Form 8-K
- 3/5/24 - Form 4
- STZ's page on the SEC website