Wine, spirits and beer giant Constellation Brands is trading lower Thursday despite beating earnings and revenue expectations in its quarterly results, although its investment in cannabis company Canopy Growth has yet to pan out. Bottom-line strategy: You might call the charts of STZ mixed but in this current weak market environment the risk is for further declines. Read More...
Motley Fool
Why Shares of Annaly and AGNC Were Falling Today
Two of the most prominent mortgage real estate investment trusts (REITs), Annaly Capital Management (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), were down sharply during trading on Wednesday. Annaly Capital was down as much as 9% on the day at around noon ET, while AGNC fell as far as 9.7% on the day at around the same time. As both Annaly Capital and AGNC Investment are mortgage REITs, they were each negatively affected by the latest news from the housing industry.
