April 2024
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Hershey (HSY) Under Pressure For about a year, Hershey has been a tragedy of a stock. Since topping in April 2023 around $275, HSY has fallen a little more than 30%. Why has America’s well-known chocolate-dealer fallen from Wall Street grace? Have you seen cocoa prices? Meteoric rise. High cocoa prices adversely affect HSY’s profitability,…
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Weekly Performance S&P 500 -0.95% Equal Weight S&P 500 (RSP) -1.76% NASDAQ -0.80% DOW -2.27% Russell 2000 (VTWO) -2.87% Talk of the Tape Although stocks put together a solid Friday session, pressure from rising oil and hotter Payrolls resulted in a down week across indices. The Week Ahead Monday Tuesday Wednesday Thursday Friday – –…
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Weekly Performance S&P 500 0.23% Equal Weight S&P 500 (RSP) 1.57% NASDAQ -0.14% DOW 0.07% Russell 2000 (VTWO) 1.24% Talk of the Tape It was an idle week for markets. While the S&P 500 and Dow ended the week with fresh record closes, the NASDAQ took a negligible breather. Over the long weekend, February PCE…