The Fly

Constellation stock looks particularly attractive, Barron’s says

Recession risks are growing and investors are looking for safety. But not all safe stocks are created equal, Ben Levisohn writes in this week’s edition of Barron’s. While Campbell Soup (CPB) has gained 9.7% this year, Keurig Dr Pepper (KDP) has risen 0.8% and Coca-Cola (KO) has advanced 0.6%, Spectrum Brands (SPB) has slumped 54%, Coty (COTY) has dropped 27%, and Newell Brands (NWL) has fallen 25%. Clearly, some staples stocks are safer than others, the author argues. Constellation Brands (STZ) looks particularly attractive. At 20 times 12-month forward earnings, the stock isn’t cheap, but it’s trading slightly below its five-year average of 21 times. Demand for beer remains strong, too, the publication adds. Reference Link

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