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Wednesday, May 03, 2023 9:29:04 AM
By: Lucas Downey | May 1, 2023
• Monster Beverage Corp. (MNST) stock has been energized, jumping 10% in 2023.
The beverage firm could rise in the future due to strong financial performance and Big Money lifting the stock once again.
Monster Beverage is a Magnet for Big Money
So, what’s Big Money? Said simply, that’s when a stock presses higher alongside chunky volumes. It’s indicative of institutions betting on the shares.
Unsurprisingly, Monster has many fundamental qualities that are attractive.
This sets up well for the stock going forward. Paying attention to how the shares trade, suggests there could be more upside.
You see, fund managers are always looking to bet on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
The last year tells the story. Each green bar signals big buying volumes as the stock ramped in price:
Source: www.mapsignals.com
In the last year, the stock attracted more than a dozen Big Money buy signals. Generally speaking, recent green bars could mean more upside is ahead.
Now, let’s check out the technical action grabbing my attention:
• Year-to-date outperformance vs. Consumer Staples Select Sector SPDR ETF (+5.94% vs. XLP)
Outperformance is important for leading stocks.
Monster Beverage Fundamental Analysis
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Monster has had double-digit sales growth, and the future earnings outlook is solid too. Take a look:
• 1-year sales growth rate (+13.9%)
• 3-year EPS growth rate (+5%)
• 1-year EPS growth estimate (+17.8%)
Source: FactSet
Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, MNST has been a top-rated stock at my research firm, MAPsignals, for years. That means the stock has had buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report dozens of times since 2014. The blue bars below show when MNST was a top pick:
Source: www.mapsignals.com
Tracking unusual volumes reveals the power of the MAPsignals process.
Monster Beverage Price Prediction
The Monster Beverage rally has been in place for years and recently. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Read Full Story »»»
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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Recent MNST News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:38:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 12:23:42 AM
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- CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results • GlobeNewswire Inc. • 02/29/2024 04:11:01 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/29/2024 02:49:13 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:28:15 PM
- Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results • GlobeNewswire Inc. • 02/28/2024 09:10:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/24/2024 01:49:24 AM
- Monster Beverage to Report Financial Results for 2023 Fourth Quarter on February 28, 2024 • GlobeNewswire Inc. • 02/21/2024 09:00:00 PM
- Monster Beverage Corporation’s CANarchy Craft Brewery Collective to Operate as Monster Brewing Company • GlobeNewswire Inc. • 01/31/2024 06:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 09:07:38 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:34:50 PM
- Monster Beverage Announces Webcast Details for Investor Meeting/Business Update January 16, 2024 • GlobeNewswire Inc. • 01/08/2024 10:47:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/05/2024 11:13:19 PM
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