The Latest Breaking News from Monster Beverage

Celsius jolted higher Monday after the energy-drink maker said PepsiCo would take a $550 million stake as part of a distribution deal.

Stock Of The Day: Investors have sought shelter in defensive names like Hershey stock. Wall Street expects price hikes to drive earnings.

By scanning for stocks with a relative strength line at new highs in the IBD Stock Screener, we can look for these outperformers.

Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 15 years by 11.71% on an annualized basis producing an average annual return of 17.93%. Currently, Monster Beverage has a market capitalization of $46.64 billion.

US gold futures traded lower this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Within the last quarter, Monster Beverage (NASDAQ:MNST) has observed the following analyst ratings:

Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 10 years by 1.51% on an annualized basis producing an average annual return of 13.75%. Currently, Monster Beverage has a market capitalization of $46.64 billion.

High inflation and the Fed’s aggressive interest rate increases could push the U.S. economy into a recession. But since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, the stocks of prominent beverage companies Keurig Dr Pepper (KDP) and Monster Beverage (MNST) should stay afloat.…