1 Growth Stock Down 8% to Buy Right Now
This could be a great time to consider adding Constellation Brands (NYSE: STZ) to your portfolio. The alcoholic beverage stock beat the market in 2022 but still ended the year down about 8% compared to the 19% decline in the S&P 500.
In a fresh earnings announcement in early January, the owner of hit beer brands like Modelo and Corona showed a few good reasons why the business is poised to generate strong growth and earnings results over the next few years. Read on for a few of the factors that make this growth stock such a compelling buy right now after its modest drop over the last year.
Constellation Brands is winning market share in a huge, growing industry. Its core beer division, anchored by premium import brands like Modelo and Pacifico, was the top market share gainer for the sixth straight quarter in Q3.
Source Fool.com
