Real Money Stock of the Day Constellation Brands (STZ - Get Report) caught investor attention after a series of price target raises amid news Anheuser-Busch InBev (BUD) is planning a second listing in Hong Kong.
With beer sales catching investor attention with summer in full swing, when is the right moment to get into Constellation Brands?
TheStreet founder and Action Alerts PLUS portfolio manager Jim Cramer broke down what to watch in the stock going forward.
"I just think I'm concerned about Constellation just because I'm not crazy about the entire beverage market. But I do think that, and Bill Newlands is a friend of TheStreet, because he was at our Teach-In. Bill Newland's going to do a good job. I am concerned that it's not enough. A hot July is not enough, but [Wall Street is] oriented toward buying Constellation. So that's why it's kind of exciting," explained Cramer.
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