NASDAQ:MNST - Nasdaq - US61174X1090 - Common Stock - Currency: USD
Consumer staples stocks usually provide protection when markets are frothy and ripe for a correction, but they’re a double-edged sword as they often lag in booming conditions. The industry has recently defied this pattern, however, delivering a six-month return of 10.3%, nearly mirroring the S&P 500.
Once synonymous with the energy drink industry, Red Bull GmbH and Monster Beverage Corp. are losing market share in an industrywide shift toward health and wellness, where their high-octane, sugared beverages are losing appeal.
Monster trades at $52.12 and has moved in lockstep with the market. Its shares have returned 6.1% over the last six months while the S&P 500 has gained 10.6%.
Celsius stock continues to drop after a weak earnings report, the company is on firm footing but valuation and sentiment may keep you on the sidelines for now
-- Record Third Quarter Net Sales Rise 1.3 Percent to $1.88 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in...
Monster Beverage is a scary good buy with shares at near a long-term low, sitting on a strong support target, with growth and acceleration in 2025 expected.