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Today's Featured Article Berkshire Bought the Dip—Now Constellation Brands Is ReboundingReported by Leo Miller. Article Published: 1/9/2026. 
Quick Look - Constellation Brands is rebounding sharply in early 2026 after a 36% loss last year, with its Q3 earnings beating expectations.
- Berkshire Hathaway increased its stake in STZ despite the stock’s downturn, signaling long-term confidence in its recovery potential.
- Strong beer segment performance, improving margins, and analyst price targets point to upside, even as broader alcohol demand remains uncertain.
After a disastrous 2025, shares of beer giant Constellation Brands (NYSE: STZ) are starting 2026 on a positive note. Constellation delivered a total return of -36% last year, disappointing many investors including Berkshire Hathaway (NYSE: BRK.B). Prior to Warren Buffett's retirement, Berkshire initiated a position in Constellation during Q4 2024. As of September 2025, Berkshire held 13.4 million Constellation shares, valued near $1.8 billion at the time. General weakness in the beer market and among Constellation's customer base contributed to the stock's decline. The company lowered its full-year fiscal 2026 (FY2026) guidance in September 2025 citing the difficult environment it faces. Note that Constellation's fiscal year runs several quarters ahead of the calendar year. Gold Headed Above $5,000 per Ounce in 2026? Here's How to Play It...
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