Constellation Brands: Dip In Stock Price Could Be Just the Start
The stock of Constellation Brands (NYSE:), the leading beer, wine, and spirits company, had an unimpressive 2024. The price fell 8.6% last year and is now down ~23% from its all-time high reached in April. The company just published its third quarter earnings report for the fiscal 2025, which showed 0% YoY revenue growth and reduced profitability. It also lowered its sales guidance for the full year.
Understandably, the stock is down pre-market and likely to fall for the day. The question is, should investors view the post-April dip as a buying opportunity or is it part of a bigger correction yet to unfold? For starters, the Elliott Wave chart below gives no reason for optimism.
Similar Elliott Wave setups occur in the Forex, crypto and…
