Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. It also offers wine under the Cook's California Champagne, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, My Favorite Neighbor, Robert Mondavi Winery, Schrader, and The Prisoner Wine Company brands; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. The company provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Constellation Brands, Inc.

Investors in Constellation Brands Inc (Symbol: STZ) saw new options become available today, for the October 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the STZ options chain for the new October 24th contracts and identified one put and one call contract of particular interest.
The put contract at the $145.00 strike price has a current bid of $3.90. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $145.00, but will also collect the premium, putting the cost basis of the shares at $141.10 (before broker commissions). To an investor already interested in purchasing shares of STZ, that could represent an attractive alternative to paying $146.53/share today.
Because the $145.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.69% return on the cash commitment, or 19.63% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Constellation Brands Inc, and highlighting in green where the $145.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $150.00 strike price has a current bid of $4.40. If an investor was to purchase shares of STZ stock at the current price level of $146.53/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $150.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.37% if the stock gets called away at the October 24th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if STZ shares really soar, which is why looking at the trailing twelve month trading history for Constellation Brands Inc, as well as studying the business fundamentals becomes important. Below is a chart showing STZ's trailing twelve month trading history, with the $150.00 strike highlighted in red:
Considering the fact that the $150.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 52%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.00% boost of extra return to the investor, or 21.92% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 33%, while the implied volatility in the call contract example is 34%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $146.53) to be 32%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
DG market cap history
UAN Options Chain
DGLO Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

October 24th Options Now Available For Constellation Brands (STZ)

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down by -0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.79%. September E-mini S&P futures (ESU25) fell -0.65%, and September E-mini Nasdaq futures (NQU25) fell -0.76%.
Stock indexes retreated on Tuesday, with the S&P 500 and Nasdaq 100 dropping to 1.5-week lows, and the Dow Jones Industrials falling to a 1-week low. Higher bond yields on Tuesday weighed on stocks and sparked risk-off sentiment in asset markets, with the 10-year T-note yield rising +5 bp to 4.28%. Global bond yields rose on Tuesday on concerns over government finances and lingering inflation risks.
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Stock indexes maintained their losses after Tuesday's US economic reports showed the Aug ISM manufacturing index rose less than expected and July construction spending declined for the third consecutive month.
The US Aug ISM manufacturing index rose +0.7 to 48.7, weaker than expectations of 49.0. The Aug ISM prices paid sub-index price unexpectedly fell -1.1 to a 6-month low of 63.7, versus expectations of an increase to 65.0.
US July construction spending fell -0.1% m/m, right on expectations, and the third consecutive month that construction spending has declined.
This week's USeconomic calendaris busy. On Wednesday, July JOLTS job openings are expected to fall by -64,000 to 7.373 million. Also, July factory orders are expected to drop -1.4% m/m. Finally, on Wednesday, the Fed's Beige Book will be released. On Thursday, the Aug ADP employment change is expected to increase by +80,000. Also, weekly initial unemployment claims are expected to increase by +1,000 to 230,000, and Q2 nonfarm productivity is expected to be revised upward to 2.7% from the previously reported 2.4%, with Q2 unit labor costs expected to be revised downward to 1.4% from 1.6%. In addition, the Aug trade deficit is expected to widen to -$78.0 billion from -$60.2 billion in June. Finally, the Aug ISM services index is expected to climb by +0.8 to 50.9. On Friday, Aug nonfarm payrolls are expected to rise by +75,000, and the Aug unemployment rate is expected to rise by 0.1 to 4.3%. Aug average hourly earnings are expected to increase +0.3% m/m and +3.7% y/y.
Regarding tariffs, a federal appeals court ruled late last Friday that President Trump exceeded his authority by imposing global tariffs without Congressional approval, but the court let the tariffs remain in place while appeals continue. The US Court of Appeals for the Federal Circuit Court said, "The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax." The case now appears to be headed to the Supreme Court for a final decision. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances of a -25 bp rate cut at 92% at the next FOMC meeting on September 16-17. The markets are discounting the chances at 51% for a second -25 bp rate cut at the following meeting on October 28-29.
Overseas stock markets on Tuesday settled mixed. The Euro Stoxx 50 fell to a 3-week low and closed down -1.42%. China's Shanghai Composite closed down -0.45%. Japan's Nikkei Stock 225 closed up +0.29.
Interest Rates
December 10-year T-notes (ZNZ5) on Tuesday closed down -11.5 ticks, and the 10-year T-note yield rose +5.1 bp to 4.279%.
Dec T-notes retreated on Tuesday due to supply pressures. About $55 billion of corporate debt securities are expected to be priced this week, which will prompt bond dealers to enter short positions on T-note futures as a hedge against the incoming supply. Also, rising European government bond yields weighed on T-note prices, with the 10-year German bund yields climbing to a 5-month high and the 10-year UK gilt yield rising to a 3.25-month high.
T-note prices recovered from their worst levels after Tuesday's US economic reports showed the Aug ISM manufacturing index rose less than expected and July construction spending declined for the third consecutive month. Also, the unexpected decline in the Aug ISM prices paid sub-index to a 6-month low is supportive for T-notes.
European government bond yields on Tuesday moved higher. The 10-year German bund yield climbed to a 5-month high of 2.801% and finished up +3.9 bp to 2.786%. 10-year UK gilt yield rose to a 7.5-month high of 4.822% and finished up +5.0 bp to 4.800%.
The Eurozone Aug CPI rose +2.1% y/y, right on expectations. The Aug core CPI rose 2.3% y/y, stronger than expectations of +2.2% y/y.
ECB Executive Board member Schnabel said the ECB should maintain borrowing costs at current levels with inflation risks tilted to the upside.
ECB Governing Council member Muller said the ECB can afford to keep interest rates steady at next week's meeting as inflation hovers close to its target and the economy shows resilience.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
The Magnificent Seven megacap technology stocks moved lower Tuesday and weighed on the overall market. Nvidia (NVDA), Amazon.com (AMZN), Apple (AAPL), and Tesla (TSLA) closed down more than -1%. In addition, Alphabet (GOOGL) closed down -0.72%, Meta Platforms (META) closed down -0.49%, and Microsoft (MSFT) closed down -0.31%.
Chip stocks retreated on Tuesday and pressured the broader market. ARM Holdings Plc (ARM) closed down more than -4%, and Lam Research (LRCX) and KLA Corp (KLAC) closed down more than -3%. Also, Microchip Technology (MCHP) and ASML Holding NV (ASML) closed down more than -2%. In addition, Applied Materials (AMAT), Analog Devices (ADI), Qualcomm (QCOM), ON Semiconductor Corp (ON), and Texas Instruments (TXN) closed down more than -1%.
Kraft Heinz Co (KHC) closed down more than -6% to lead losers in the Nasdaq 100 after announcing plans to split into two separate companies, one made up of its Heinz ketchup and other condiments and boxed meals, and one including grocery products.
Constellation Brands (STZ) closed down more than -6% after cutting its full-year EPS estimate to $11.30 to $11.60 from a previous outlook of $12.66.
Block Inc (XYZ) closed down more than -4% after BNP Paribas Exane downgraded the stock to neutral from outperform.
Commvault Systems (CVLT) closed down more than -3% after announcing it will offer $750 million of Convertible Senior Notes due 2030.
Fortinet (FTNT) closed down more than -2% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $67.
Cytokinetics (CYTK) closed up more than +40% after giving data for a late-stage trial of its experimental therapy for heart disease that Citigroup and other analysts said exceeded expectations.
Ionis Pharmaceuticals (IONS) closed up more than +35% after announcing that its Olezarsen drug significantly reduced triglycerides and acute pancreatitis events in Phase 3 CORE and CORE2 studies for people with severe hypertriglyceridemia.
United Therapeutics (UTHR) closed up more than +33% after announcing a late-stage study of its Tyvaso Inhalation Solution for the treatment of a lung disease met its primary efficacy endpoint.
Ulta Beauty (ULTA) closed up more than +8% to lead gainers in the S&P 500 after analysts raised their earnings estimate for the stock by an average of 7.1% since the company reported earnings last Thursday.
Air Lease Corp (AL) closed up more than +7% after a group led by Sumitomo Corp agreed to buy the company for about $7.4 billion, or $65 a share.
Biogen (BIIB) closed up more than +5% to lead gainers in the Nasdaq 100 after receiving FDA approval for its weekly lecanemab-irmb subcutaneous injection for maintenance dosing in patients with Alzheimer's disease.
PepsiCo (PEP) closed up more than +1% after the Wall Street Journal reported that Elliot Investment Management has built a $4 billion stake in the company and plans to push the board of directors to make changes.
Earnings Reports(9/3/2025)
Dollar Tree Inc (DLTR), Gitlab Inc (GTLB), Hewlett Packard Enterprise Co (HPE), Macy's Inc (M), Salesforce Inc (CRM), The Campbell's Company (CPB).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Retreat as Bond Yields Climb

Key Points
Constellation Brands slashed its full-year guidance at the halfway point of its fiscal year.
The company is seeing challenges in the beer industry, noting lower consumption from Hispanics.
The immigration crackdown seems to be adding to the company's problems.
Shares of Constellation Brands (NYSE: STZ), the diversified alcohol company best known for selling Corona and Modelo beer in the U.S., were moving lower today after management slashed its full-year guidance in an early update.
As a result, the stock was down 6.7% as of 1:28 p.m. ET on Tuesday.
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Constellation feels the immigration crackdown
In a press release this morning, the company slashed its adjusted earnings-per-share (EPS) forecast for the year from a range of $12.60 to $12.90, to a range of $11.30 to $11.60. It now sees organic net sales down anywhere from 4% to 6%, compared to a forecast of a 2% decline to a 1% gain, due to weakness in the beer category, which makes up the bulk of the business. The company's fiscal year ends on Feb. 28, 2026.
CEO Bill Newlands said, "We continue to navigate a challenging macroeconomic environment that has dampened consumer demand and led to more volatile consumer purchasing behavior since our first quarter of fiscal 2026."
He also noted that "high-end beer buy rates decelerated sequentially," especially for Hispanic consumers, which seemed to be a consequence of the immigration crackdown.
Nonetheless, the company said it continued to gain market share, showing it's outperforming its peers.
What's next for Constellation Brands
Constellation and its peers are already struggling with a number of headwinds in the alcohol sector as young people are drinking less, tariffs are weighing on global sales, and craft brewers continue to challenge the major brewers.
The stock surged over a multiyear period a decade ago after it secured the rights to sell the Mexican brands Corona and Modelo (the latter being the top-selling beer in the U.S.) from what was then Anheuser-Busch, but it's struggled since then. The guidance cut and challenges in the beer industry show investors shouldn't expect a quick turnaround, even if the stock has attracted backing from Warren Buffett's Berkshire Hathaway, possibly a sign Buffett believes it offers good value.
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Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Constellation Brands Stock Pulled Back Today

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Constellation Brands Inc (Symbol: STZ) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Constellation Brands Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of STZ entered into oversold territory, changing hands as low as $221.97 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Constellation Brands Inc, the RSI reading has hit 29.4 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 39.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, STZ's recent annualized dividend of 3.2/share (currently paid in quarterly installments) works out to an annual yield of 1.38% based upon the recent $232.52 share price.
A bullish investor could look at STZ's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on STZ is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Constellation Brands Enters Oversold Territory

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in NVIDIA Corp (Symbol: NVDA), where a total of 2.0 million contracts have traded so far, representing approximately 203.4 million underlying shares. That amounts to about 119.5% of NVDA's average daily trading volume over the past month of 170.2 million shares. Especially high volume was seen for the $175 strike call option expiring September 05, 2025, with 99,558 contracts trading so far today, representing approximately 10.0 million underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $175 strike highlighted in orange:
Tesla Inc (Symbol: TSLA) saw options trading volume of 829,955 contracts, representing approximately 83.0 million underlying shares or approximately 109.6% of TSLA's average daily trading volume over the past month, of 75.7 million shares. Particularly high volume was seen for the $330 strike put option expiring September 05, 2025, with 42,692 contracts trading so far today, representing approximately 4.3 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $330 strike highlighted in orange:
And Constellation Brands Inc (Symbol: STZ) options are showing a volume of 19,342 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 106.4% of STZ's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $130 strike put option expiring October 17, 2025, with 5,984 contracts trading so far today, representing approximately 598,400 underlying shares of STZ. Below is a chart showing STZ's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for NVDA options, TSLA options, or STZ options, visit StockOptionsChannel.com.
Also see:
Top Ten Hedge Funds Holding GLQ
OSW YTD Return
AMRS YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Tuesday Option Activity: NVDA, TSLA, STZ

The S&P 500 Index ($SPX) (SPY) today is down by -1.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -1.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.38%. September E-mini S&P futures (ESU25) are down -1.25%, and September E-mini Nasdaq futures (NQU25) are down -1.33%.
Stock indexes are falling sharply today, with the S&P 500 and Dow Jones Industrials falling to 1-week lows and the Nasdaq 100 dropping to a 1.5-week low. Higher bond yields are weighing on stocks today and sparking risk-off sentiment in asset markets, with the 10-year T-note yield up +5 bp to 4.28%. Global bond yields are climbing today on concerns over government finances and lingering inflation risks.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
This week’s USeconomic calendaris busy. Later today, the Aug ISM manufacturing index is expected to climb +1.0 to 49.0. On Wednesday, July JOLTS job openings are expected to fall -64,000 to 7.373 million. Also, July factory orders are expected to drop -1.4% m/m. Finally, on Wednesday, the Fed's Beige Book will be released. On Thursday, the Aug ADP employment change is expected to increase by +80,000. Also, weekly initial unemployment claims are expected to increase by +1,000 to 230,000, and Q2 nonfarm productivity is expected to be revised upward to 2.7% from the previously reported 2.4%, with Q2 unit labor costs expected to be revised downward to 1.4% from 1.6%. In addition, the Aug trade deficit is expected to widen to -$78.0 billion from -$60.2 billion in June. Finally, the Aug ISM services index is expected to climb by +0.8 to 50.9. On Friday, Aug nonfarm payrolls are expected to rise by +75,000, and the Aug unemployment rate is expected to rise by 0.1 to 4.3%. Aug average hourly earnings are expected to increase +0.3% m/m and +3.7% y/y.
Regarding tariffs, a federal appeals court ruled late last Friday that President Trump exceeded his authority by imposing global tariffs without Congressional approval, but the court let the tariffs remain in place while appeals continue. The US Court of Appeals for the Federal Circuit Court said, "The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax." The case now appears to be headed to the Supreme Court for a final decision. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 89% at the next FOMC meeting on September 16-17. The markets are discounting the chances at 49% for a second -25 bp rate cut at the following meeting on October 28-29.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell to a 3-week low and is down -1.13%. China's Shanghai Composite closed down -0.45%. Japan's Nikkei Stock 225 closed up +0.29.
Interest Rates
December 10-year T-notes (ZNZ5) today are down -11 ticks, and the 10-year T-note yield is up +4.9 bp to 4.277%.
Dec T-notes are sliding today on supply pressures. About $55 billion of corporate debt securities are expected to be priced this week, which will prompt bond dealers to enter short positions on T-notes as a hedge against the incoming supply. Also, rising European government bond yields are weighing on T-note prices, with the 10-year German bund yields climbing to a 5-month high and the 10-year UK gilt yield rising to a 3.25-month high.
European government bond yields today are moving higher. The 10-year German bund yield climbed to a 5-month high of 2.801% and is up +4.5 bp to 2.793%. 10-year UK gilt yield rose to a 7.5-month high of 4.822% and is up +4.6 bp to 4.796%.
The Eurozone Aug CPI rose +2.1% y/y, right on expectations. The Aug core CPI rose 2.3% y/y, stronger than expectations of +2.2% y/y.
ECB Executive Board member Schnabel said the ECB should maintain borrowing costs at current levels with inflation risks tilted to the upside.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
The Magnificent Seven megacap technology stocks are under pressure today and are weighing on the overall market. Amazon.com (AMZN) is down more than -2%. Also, Nvidia (NVDA) and Alphabet (GOOGL) are down more than -1%. In addition, Apple (AAPL) is down -0.86%, Meta Platforms (META) is down -0.83%, Microsoft (MSFT) is down -0.63%, and Tesla (TSLA) is down 0.46%.
Lam Research (LRCX) is down more than -4% to lead chipmakers lower after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $92. Also, ARM Holdings Plc (ARM), KLA Corp (KLAC), Micron Technology (MU), and Qualcomm (QCOM) are down by more than -3%. In addition, Advanced Micro Devices (AMD), ASML Holding NV (ASML), Microchip Technology (MCHP), Analog Devices (ADI), Broadcom (AVGO), GlobalFoundries (GFS), and ON Semiconductor Corp (ON) are down more than -2%.
Commvault Systems (CVLT) is down more than -6% after announcing it will offer $750 million of Convertible Senior Notes due 2030.
Constellation Brands (STZ) is down more than -5% after cutting its full-year EPS estimate to $11.30 to $11.60 from a previous outlook of $12.66.
Block Inc (XYZ) is down more than -4% after BNP Paribas Exane downgraded the stock to neutral from outperform.
Fortinet (FTNT) is down more than -2% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $67.
United Therapeutics (UTHR) is up more than +40% after announcing a late-stage study of its Tyvaso Inhalation Solution for the treatment of a lung disease met its primary efficacy endpoint.
Cytokinetics (CYTK) is up more than +32% after giving data for a late-stage trial of its experimental therapy for heart disease that Citigroup and other analysts said exceeded expectations.
Ionis Pharmaceuticals (IONS) is up more than +27% after announcing that its Olezarsen drug significantly reduced triglycerides and acute pancreatitis events in Phase 3 CORE and CORE2 studies for people with severe hypertriglyceridemia.
Air Lease Corp (AL) is up more than +6% after a group led by Sumitomo Corp agreed to buy the company for about $7.4 billion, or $65 a share.
Biogen (BIIB) is up more than +4% to lead gainers in the Nasdaq 100 after receiving FDA approval for its weekly lecanemab-irmb subcutaneous injection for maintenance dosing in patients with Alzheimer's disease.
PepsiCo (PEP) is up more than +3% after the Wall Street Journal reports that Elliot Investment Management has built a $4 billion stake in the company and plans to push the board of directors to make changes.
Earnings Reports(9/2/2025)
Academy Sports & Outdoors Inc (ASO), HealthEquity Inc (HQY), Signet Jewelers Ltd (SIG), Zscaler Inc (ZS).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Tumble on Higher Bond Yields

In early trading on Tuesday, shares of PepsiCo topped the list of the day's best performing components of the S&P 500 index, trading up 3.6%. Year to date, PepsiCo registers a 1.3% gain.
And the worst performing S&P 500 component thus far on the day is Constellation Brands, trading down 6.6%. Constellation Brands is lower by about 31.5% looking at the year to date performance.
Two other components making moves today are Block, trading down 4.7%, and Incyte, trading up 2.1% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 Movers: STZ, PEP

(RTTNews) - While updating the management's current financial outlook for the full-year 2026 on Tuesday, beverage alcohol company Constellation Brands, Inc. (STZ) slashed its reported earnings comparable earnings and sales growth guidance for the full year, due to a challenging macroeconomic environment.
"We continue to navigate a challenging macroeconomic environment that has dampened consumer demand and led to more volatile consumer purchasing behavior since our first quarter of fiscal 2026," said Constellation Brands President and Chief Executive Officer Bill Newlands.
For fiscal 2026, the company now projects reported earnings in the range of $10.77 to $11.07 per share and comparable earnings in the range of $11.30 to $11.60 per share on enterprise organic net sales decline of 6 to 4 percent.
Previously, the company expected earnings in a range of $12.07 to $12.37 per share and comparable earnings in a range of $12.60 to $12.90 per share on enterprise organic net sales between a decline 2 percent and a growth of 1 percent.
On average, analysts polled expect the company to report earnings of $12.65 per share on net sales decline of 7.53 percent to $9.44 billion for the year. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Constellation Brands Slashes FY26 Outlook; Stock Down 8%

Investors in Constellation Brands Inc (Symbol: STZ) saw new options begin trading today, for the October 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the STZ options chain for the new October 10th contracts and identified one put and one call contract of particular interest.
The put contract at the $155.00 strike price has a current bid of $3.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $155.00, but will also collect the premium, putting the cost basis of the shares at $151.40 (before broker commissions). To an investor already interested in purchasing shares of STZ, that could represent an attractive alternative to paying $158.94/share today.
Because the $155.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.32% return on the cash commitment, or 19.71% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Constellation Brands Inc, and highlighting in green where the $155.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $165.00 strike price has a current bid of $4.00. If an investor was to purchase shares of STZ stock at the current price level of $158.94/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $165.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.33% if the stock gets called away at the October 10th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if STZ shares really soar, which is why looking at the trailing twelve month trading history for Constellation Brands Inc, as well as studying the business fundamentals becomes important. Below is a chart showing STZ's trailing twelve month trading history, with the $165.00 strike highlighted in red:
Considering the fact that the $165.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.52% boost of extra return to the investor, or 21.36% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 33%, while the implied volatility in the call contract example is 38%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $158.94) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
BTCM Options Chain
SVAC shares outstanding history
EOS shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

October 10th Options Now Available For Constellation Brands (STZ)

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Coinbase Global Inc (Symbol: COIN), where a total volume of 95,869 contracts has been traded thus far today, a contract volume which is representative of approximately 9.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.6% of COIN's average daily trading volume over the past month, of 12.4 million shares. Particularly high volume was seen for the $320 strike call option expiring August 29, 2025, with 5,166 contracts trading so far today, representing approximately 516,600 underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $320 strike highlighted in orange:
Constellation Brands Inc (Symbol: STZ) saw options trading volume of 11,863 contracts, representing approximately 1.2 million underlying shares or approximately 75.3% of STZ's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $140 strike put option expiring October 17, 2025, with 4,155 contracts trading so far today, representing approximately 415,500 underlying shares of STZ. Below is a chart showing STZ's trailing twelve month trading history, with the $140 strike highlighted in orange:
And Las Vegas Sands Corp (Symbol: LVS) options are showing a volume of 28,627 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 69.8% of LVS's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $57 strike call option expiring August 29, 2025, with 15,847 contracts trading so far today, representing approximately 1.6 million underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $57 strike highlighted in orange:
For the various different available expirations for COIN options, STZ options, or LVS options, visit StockOptionsChannel.com.
Also see:
Top Ten Hedge Funds Holding SYRG
AIRT Split History
CNEY market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Constellation Brands, Inc.

Price history and volume

Shares 360

Investment risk — high

Investment potential — medium

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