Modelo Sales Surge in 2025: Constellation Brands Shares Rise, Palantir Stock Drops After Downgrade
Explore how Constellation Brands' Modelo beer sales propelled profits in early 2025, while Palantir faced a stock downgrade amid AI hype concerns.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading teams to cover impactful news stories with precision.
Highlights
- U.S. stock markets climbed midday on Friday, January 5, 2024, fueled by stronger-than-expected jobs data boosting economic optimism.
- Constellation Brands (STZ) surpassed profit forecasts, driven by robust demand for its Modelo beer lineup.
- Palantir Technologies (PLTR) shares declined following Jefferies' downgrade citing excessive AI-related expectations.
Stocks rallied midday as December's positive employment figures reinforced confidence in the U.S. economy's resilience. The Dow Jones, S&P 500, and Nasdaq indices all showed gains.
Constellation Brands' stock climbed after the beverage giant reported profits exceeding analyst estimates, largely thanks to strong sales of Modelo beers.
Costco Wholesale Corporation (COST) also saw share appreciation after announcing nearly a 10% increase in holiday season sales compared to last year.
Conversely, Palantir's shares slipped post-Jefferies downgrade from "hold" to "underperform," critiquing the company's AI prospects as overvalued.
Etsy (ETSY) shares fell amid reports that Amazon (AMZN) captured 29% of e-commerce sales in the two weeks before Christmas, with Amazon's stock moving upward.
Meanwhile, oil and gold futures climbed, the 10-year Treasury yield remained steady, and the U.S. dollar weakened against the euro, pound, and yen. Most leading cryptocurrencies experienced declines.
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