Skip to main content

Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report  shares, at around $159, are on a momentum ride to the stars, up 12% so far this year and 37% over the past 52 weeks.

That's why TheStreet's Jim Cramer is particularly interested in the beer, wine and spirits purveyor's earnings, expected Thursday before the open

This is one of the few consumer packaged-goods companies out there growing sales at a double-digit rate, Cramer, co-manager of the Action Alerts PLUS portfolio, said Wednesday from the New York Stock Exchange

TheStreet Recommends

The Modelo and Corona beer brands have really helped accelerate sales, he explained, as have Constellation's wine business and the recent acquisition of a craft beer company

Here's a tip, he said: The stock tends to initially trade lower after earnings. Investors who want to be long Constellation should consider buying half a position before the results are released and half after the company reports, Cramer advised. 

Shares are up nearly 40% over the past 12 months and a whopping 666% over the past five years. 

Image placeholder title

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.