NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at airlines and alcohol -- separately, of course.
Delta Air Lines
(DAL - Get Report) reported a 4.5% increase in traffic for June, below its previous estimate of 5% to 7%.
However, Cramer is not yet bearish on the industry, and only said the stock is taking a "breather," after a big run to the upside. His top pick is American Airlines
(AAL - Get Report).
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Cramer then turned to Constellation Brands
. The company reported a much stronger than expected top and bottom line earnings beat.
However, Cramer's focus was on Molson Coors Brewing Company
. The stock has more room to the upside, despite the big run, because of continued consolidation in the industry, he reasoned.
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- Written by Bret Kenwell in Petoskey, Mich.