The Latest Breaking News from HSY

June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.56% this morning as market participants cheered forecast-beating quarterly results and a record share buyback from tech giant Apple and looked ahead to critical U.S. non-farm payroll data due later in the day.

The sky has been the limit for cocoa prices in 2024. Crop devastation has led to the highest price in history. Chocoholics worldwide are paying a pretty penny for their chocolate confectionery fix, and chocolate manufacturers are seeing their cost of goods sold skyrocket.

Food-making industries are in a prime position to capitalize on the growing demand for organic and ready-to-eat food. While leading food makers Kellogg (K) and Hershey (HSY) should benefit, let us determine whether you should buy, hold, or sell the stocks.

In a new partnership with Ocean Spray, Hershey announced on May 9 that it would produce chocolate-covered fruit with the cranberry grower. It’s another example of why Hershey’s is a must-own consumer staples stock.

As the food industry is capable of thriving despite broader economic turmoil due to its inelastic demand, investors could consider having a look at the nostalgic favorite food stocks Hershey (HSY), Kellogg (K), and Campbell Soup (CPB) to garner substantial returns from their steady demand. Read on….

Sticky inflation, robust spending, and resilient job growth have dwindled the likelihood of a Fed pivot and rekindled recessionary concerns. Amid rising market volatilities, quality stocks Pfizer (PFE), Hershey (HSY), and Bluegreen Vacations Holding (BVH) might be wise portfolio additions to hold on to for the next decade. Read on….

While the broader market has been battered and bruised by various headwinds over the past year, Hershey (HSY) has been an oasis of consistently growing profitability and looks set to continue the trend this year. Read on….

Leading chocolate manufacturer Hershey’s (HSY) shares have gained more than 14% over the past year, compared to the broader S&P 500 index’s 18% decline. The company reported impressive third-quarter results and raised its full-year financial outlook, reflecting higher-than-anticipated consumer demand and favorable price elasticities across its segments. Given HSY’s strong…

Despite sky-high food inflation, the food industry has been witnessing sustained demand this holiday season. The industry’s strong growth prospects should bode well for quality food stocks Hershey Company (HSY), Kellogg Company (K), and Flowers Foods (FLO). Read on….