Jim Cramer's Top Takeaways: Constellation Brands, Paychex
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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Constellation Brands (STZ) - Get Report : In an exclusive interview, Cramer spoke with Rob Sands, president and CEO of Constellation Brands, the wine and spirits maker that just posted a 2-cents-a-share earnings beat on a 15% rise in year-over-year revenue. Shares of Constellation popped 3.7% on the news and are up 17% since Cramer last checked in seven months ago.
Sands said that consumers continue to vote with their feet, buying up more and more of Constellation's fantastic brands. He said the company had 60% growth in its craft beer, Ballast Point, while the new 24 ounce cans of Pacifico are growing.
Sands said Constellation has "a lot of shovels in the ground," building several new breweries, including the world's largest brewery in Mexico, to help meet growing demand.
Success is not a given, however, as Sands noted that Constellation is well-oiled machine that includes a terrific sales team. Even in the red-hot tequila market, their luxury brand, Casa Noble, is now the fastest-growing tequila around.
Paychex (PAYX) - Get Report : In a second exclusive interview, Cramer spoke with Marty Mucci, president and CEO of Paychex, a stock that roared 6% Thursday after the company reported 9% revenue growth. Shares of Paychex currently yield 2.8%.
Mucci said all of the company's products are really resonating with customers, including payroll, HR and 401(K) services. Customer retention is also at a record high and customers are using more of Paychex' services than they have in the past.
Mucci continued that with new regulations such as the new overtime rules, tracking employees' time and paying them at the right rates is more important than ever, which is why the new Paychex mobile app allows employees to clock in and out right on their phones.
When asked about the company's dividend, Mucci noted shareholders expect consistency from Paycheck and he plans to continue to deliver both growth and yield for shareholders.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.











