"People just aren't drinking as much," Jim Cramer said on Wednesday's "Stop Trading!" segment in response to host Erin Burnett's interview with Constellation Brands' (STZ) CEO.
"Maybe this economy is so bad that ... alcohol got more expensive," Cramer said. As a result, people are cutting back on things that have gotten too expensive, and discount-store stocks such as
Family Dollar Stores
are going up.
Tonight is Cramer's 1,000 "Mad Money" episode and will feature an interview with
CEO Duncan Niederauer.
At the time of publication, Cramer had no positions in stocks mentioned.
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