Food and Beverage Sector Ideas

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>>> Celsius: Up 64%

https://finance.yahoo.com/news/3-stocks-way-doubling-2024-123000087.html

Shares of Celsius are sparkling this year, and that's fitting since it's a fast-growing player in sparkling functional beverages. This year's initial jump isn't a fluke. The stock has more than tripled over the past year. Celsius is a five-bagger over the past three years and a jaw-dropping 63-bagger over the past five years.

Growth will inevitably slow for its product line of juice-flavored beverages that help burn fat and calories. But for now, Celsius continues to defy gravity. Bears figured the growth would end last year. They were wrong. They thought the same thing the year before. They were really wrong. This is probably a good time to point out that short interest hit at an all-time high this month.

Revenue has more than doubled for three consecutive years. The company is also profitable, with double-digit percentage beats in every single quarter of 2023.

Stateside growth will slow, but it's time for international growth to take over. Celsius announced three new international expansion markets earlier this year, something worth watching since international sales currently account for just 4% of its top-line results.

Let's close with a data point that may blow you away. Set aside the energy drink maker's tendency to blow through profit targets: The beverage stock is a 62-bagger over the past five years, and it's trading for 57 times next year's earnings. You could've bought all of Celsius five years ago for less than what it should earn next year.

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