Stocks on Sale: Hershey, Monster, Altria, and Mobileye
Amid stock markets at an all-time high, investors have just a few bargain opportunities today.Hershey (HSY) broke down from an uptrend recently, turning back from $176 to close at $161.95 on July 8. Wendy’s (WEN) announced that its CEO, Kirk Tanner, left the firm to join as Hershey’s CEO. Investors did not react positively yesterday. HSY stock fell by 4.7%.Monster Beverage (MNST) is forming a downtrend after shares failed to break out past $64.45. MSNT stock closed down by 3.28% to close at $59.57. Investors likely took advantage of Stiefel issuing a “buy” rating on the stock. Stiefl is bullish on Monster’s performance in global markets. The firm dismissed higher costs related to aluminum. President Trump slapped a 50% tariff on the raw material.Tobacco firm Altria Group (MO) unexpectedly fell by 3.01% on Wednesday to close at $57.75. Jefferies rated Philip Morris (PM) and Imperial Brands (IMBBY) with a bullish report. But it rated Altria with an underperform rating. It thinks the US Combustibles market has risks. Weakness in Traditional Oral is a headwind, while Modern Oral would grow.Mobileye (MBLY) dropped by 7.08% to close at $17.32. Intel (INTC) plans to sell 45 million MBLY shares. It held 711.5 million Class B shares at the end of the first quarter.
Recent Posts
Europe Faces Most Difficult Moment in Bid to Avoid Split With US
Toripalimab Presents Long-Term Survival Benefits as 1st-line Treatment for Advanced Nasopharyngeal Carcinoma and Esophageal Squamous Cell Carcinoma Patients
Hastings Racecourse in Vancouver to shut down permanently, operator says
Russia’s Vital Oil Trade With India Is Down, But Not Out
Copper Quest Closes $1,927,000 Private Placement
This TSX stock was up 17% this week and it could gain another 36%, analysts say
AMC Entertainment Holdings, Inc. Transfers the Majority of its Equity Investment in Hycroft Mining Holding Corporation to Sprott Mining for a Net Consideration of $24.1 million
Guardian Capital Announces Estimated 2025 Annual Non-Cash Distributions for Guardian Capital ETFs
Emera Renews At-The-Market Equity Program
CRA warns of ‘aggressive tax schemes’ involving critical illness insurance
