57.80 0.00 (0.00%)
After hours: 4:53PM EDT
|Bid||57.44 x 1000|
|Ask||58.06 x 900|
|Day's Range||57.40 - 58.21|
|52 Week Range||47.74 - 66.38|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||30.10|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Monster Beverage's second-quarter report on Aug. 7 showed its buy-one-get-one free (BOGO) promotion for Reign products didn't live up to expectations, King wrote in a note. The company also said it will no longer offer a full-year outlook for the Reign brand and may imply poor retail acceptance in the highly competitive energy drink market.
John Reese selects stocks based on the strategies of some of the stock market's most legendary long-term investors. Monster Beverage (MNST) is a buy in the model portfolio of his Validea newsletter based on the contrarian investing strategy of the legendary investor David Dreman.
Weston-based energy drink brand Bang Energy filed a lawsuit against Monster Energy, alleging that Monster used a network of influencers to disparage Bang Energy's reputation. The lawsuit by Vital Pharmaceuticals (VPX), Bang Energy's parent company, against Corona, California-based Monster Beverage Corp. (Nasdaq: MNST) and also accuses Monster of roping in a dozen internet personalities in what it called a "smear campaign," according to court documents. Some of the bloggers and YouTubers cited in the lawsuit have since removed their bad reviews of Bang Energy, including Summer Shores, who has been running the blog "Being Summer Shores" from Lancaster, Pennsylvania for the past three years.
The rebound that was nowhere to be found on Wednesday made up for lost time on Thursday. With the S&P 500's 1.88% advance, the index is back above the key 50-day moving average line. Missing was an overwhelming level of volume, and any other convincing proof the move can persist.Source: Shutterstock Leading the charge were Advanced Micro Devices (NASDAQ:AMD) and Roku (NASDAQ:ROKU). Shares of the chip maker were up nearly 16% following the unveiling of a new data center server chip that Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Twitter (NYSE:TWTR) have both already incorporated into their development plans. Roku jumped 20% in response to yesterday's earnings release, which showed revenue well ahead of expectations. User growth was tremendous too, now standing at 30.5 million regular viewers.Not all names were up in yesterday's big advance. Fox (NASDAQ:FOXA, NASDAQ:FOX) fell more than 5% after starting the day higher in response to last quarter's numbers. Traders quickly decided they weren't thrilled about the decision to acquire a couple of outfits that don't necessarily fit with the company's current model.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Internet Stocks Getting Hammered As for names that are worth exploring as trading prospects headed into Friday's session, however, it's the stock charts of Monster Beverage (NASDAQ:MNST), General Motors (NYSE:GM) and Kimco Realty (NYSE:KIM) that are most worth exploring. Monster Beverage (MNST)The knee-jerk reaction to the quarterly report Monster Beverage posted after Wednesday's close was bearish. Sales as well as earnings missed analyst estimates, and MNST stock started to dish out another major setback that investors have grown accustomed to of late.As investors had time to digest the numbers though, with a little technical help, Monster Beverage was able to reverse course in a big way and end the session pretty deep in the black. The sheer scope and context of the one-day move speaks volumes about what lies ahead. * Click to EnlargeThursday was a huge "outside day," where the open and close completely engulf the previous bar's high-to-low range. That turnaround and the volume behind it suggest a lot of bulls were, and perhaps are, waiting in the wings. * Backing out to the weekly chart gives us some idea of how and why the stock stopped falling and started rallying where it did. All it took was a kiss of one of the support levels that extend back to 2017. * Even without that support line kicking in though, the intraday cross back above the white 200-day moving average line and the gray 100-day moving average line are solid buy signals in and of themselves. General Motors (GM)In mid-July, General Motors was highlighted after it staged another attack on a falling resistance line. Although not yet over it at the time, a string of higher lows leading up to that test was telling. The bigger trend was also bullish, for those investors able to stomach the volatility GM stock has been dishing out for years.GM shares did end up punching through both levels of closely aligned resistance, only to peak and then crash again the very first day of this month. This week though, GM stock is back above that technical ceiling. This second effort may well be the one that sticks. * 7 Stocks to Buy to Ride the Vegan Wave * Click to EnlargeAlthough plotted on the daily chart, it's the weekly chart that better illustrates how General Motors shares have been guided downward by a falling ceiling that's made for lower highs. * It ended up meaning nothing in February, but as of yesterday, the purple 50-day average is above the gray 100-day line, which is above the white 200-day moving average. All three are sloped higher now as well. * Although the undertow is bullish, the volume behind the past couple of day's bullishness has been alarmingly tepid. Kimco Realty (KIM)Between the middle of 2016 and the middle of 2018, Kimco Realty shares were beaten down, rather severely, in anticipation of trouble that never really took shape.The stock has since started a recovery effort that has actually been quite impressive, with KIM stock bumping into new 52-week highs earlier this month and mostly shrugging off the marketwide weakness other stocks have seen of late. It's the shape of this move since early this year, in fact, that's so interesting. It's either going to be very good, or very bad. * Click to EnlargeIt's more evident on the weekly chart than the daily chart, but Kimco has been getting squeezed into a converging wedge pattern since early last year, framed by purple and white dashed lines on both stock charts. * Although the trend within that rising wedge pattern is bullish, such a rise can often be a setup for a surprisingly large wave of profit-taking. * Even so, most of the clues evident thus far point to an eventual bullish break above the wedge's upper boundary, currently near $19.50. Chief among them is this week's push up and off of the purple 50-day moving average.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 3 Big Stock Charts for Friday: Kimco Realty, GM and Monster Beverage appeared first on InvestorPlace.
—after the company reported quarterly sales that fell short of Wall Street’s forecasts. Because the company makes packaged, processed foods, it needs to show it can keep up with changing tastes of consumers, who want healthier foods these days. (KHC) (KHC) has more problems than that.
The seesaw year for investors in Monster Beverage continued Thursday, with the stock no longer outperforming the S&P 500 in 2019.
Shares of Monster Beverage were down more than 5% Thursday following second-quarter earnings and revenue that missed analysts' estimates. Analysts were expecting the beverage maker to report earnings of 56 cents per share on revenue of $1.13 billion. "We are pleased to report record gross and net sales in the 2019 second quarter, driven by our Reign Total Body Fuel™ high performance energy drinks, which we launched in the first quarter, as well as growth in our Monster Energy brand energy drinks both domestically and internationally," said CEO Rodney Sacks.
Monster Beverage (MNST) reports softer-than-anticipated sales and earnings results in second-quarter 2019. Higher costs and soft margins affect the company despite strength in the Monster Energy brand.
HBC, which produces Coca-Cola drinks under franchise for 28 mostly European markets and is one of the world's biggest soft-drinks bottlers, reported a 4.9% dip in operating profit to 288.9 million euros ($323.9 million), missing a company supplied average estimate of 319.8 million euros. The company, which bought Serbian confectionary firm Bambi in June, also reported acquisition-related costs. "We are pleased with this solid first half given the challenging combination of tough comparators and unseasonably cold and wet weather," Chief Executive Officer Zoran Bogdanovic said.
Monster Beverage (MNST) delivered earnings and revenue surprises of -5.36% and -1.99%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Monster Beverage Corp. fell more than 11% in the extended session Wednesday after the company reported second-quarter profit and sales below Wall Street expectations. Monster said it earned $292.5 million, or 53 cents a share, in the quarter, compared with $270.1 million, or 48 cents a share, in the second quarter of 2018. Revenue rose 8.7% to $1.10 billion, compared with $1.02 billion a year ago. Analysts polled by FactSet had expected earnings of 56 cents a share on sales of $1.13 billion. Monster pinned the revenue increase on its Reign Total high-performance energy drinks, launched in the first quarter, as well as growth in other energy drinks. The stock ended the regular trading day up 0.4%.
Monster Beverage missed Q2 earnings estimates, as the energy-drink maker faces a growing array of competitors. Shares fell hard late Wednesday.
Monster Beverage (NASDAQ:MNST) reported second-quarter earnings and revenue that missed analysts' expectations on Wednesday as higher costs weighed on margins. The company had reported earnings per share of $0.50 on revenue of $945.99 million in the previous quarter. The earnings miss comes as higher sales, led by the company's Reign Total Body Fuel energy drinks, were offset somewhat by higher costs that weighed on margins.
Although the pace of earnings growth has declined, overall results are not as bad as initially expected. Notably, the consumer staple stocks have so far performed impressively.
Castle Brands' (ROX) first-quarter fiscal 2020 results are likely to gain from solid performances of its brands that include Jefferson's, Goslings and Knappogue Irish whiskey.
New Age Beverages (NBEV) benefits from strong brand portfolio and efforts to expand national distribution in the United States. These and other initiatives should bolster its second-quarter results.
Monster Beverage (MNST) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
After reading Monster Beverage Corporation's (NASDAQ:MNST) most recent earnings announcement (31 March 2019), I found...
Keurig Dr Pepper (KDP) is seeing strong retail market performance across most of its business along with merger-related synergies, which are likely to drive the company's second-quarter 2019 results.
Monster Beverage's (MNST) top and bottom lines in second-quarter 2019 are likely to witness positive trends, owing to strength in the energy drinks business, particularly the Monster Brand.
Starting August 20, all plastic water bottles will be removed from restaurants, cafes, and vending machines at San Francisco International Airport. Travelers will be forced to buy refillable bottles if they don’t bring their own. SFO is the first airport to implement such a major sustainability change.