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Stock impact report

Modelo and Corona are unexpected casualties of Trump's immigration crackdown [CNN]

Wingstop Inc. (WING) 
Last wingstop inc. earnings: 2/19 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.wingstop.com/overview/default.aspx
Company Research Source: CNN
Many Latino consumers, both legal and undocumented, are fearful of venturing out in public to stores, restaurants and bars due to the immigration enforcement blitz , according to customer surveys, companies and market research. Big parties and celebrations where beer often flowed have been scaled back or canceled. Job cuts in industries with large immigrant workforces have squeezed finances, as has a broader cost-of-living crunch. Constellation's sales have plunged, Modelo lost its top-selling beer spot to Michelob Ultra, and its stock has dropped nearly 40% this year, making it one of the worst-performing companies on the S&P 500. The company's struggles illustrate how President Donald Trump's immigration policies have ricocheted to unexpected corners of the economy and corporate America, upending years of wagers by some of America's largest companies on the growing purchasing power of Latino consumers. These pressures have hit Constellation harder than most companies because Show less Read more
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