Since the beginning of this year, while AI stocks and Bitcoin continue to hit new highs, cocoa, the most important raw material for chocolate production have quietly skyrocketed by over 130%. The outstanding performance has even surpassed that of the former two, which has caught the attention of numerous hedge funds. Notes: The daily price of cocoa refers to the active contract for New York cocoa futures, as of March 28th, 2024....
BelleWeather :
If one doesn’t have ethical qualms, HSY might be a good investment here. Stock is down and the cocoa prices are hurting the company. When the reserves are unlocked, cocoa prices will go down and HSY will benefit, likely later this year.
Analysts predict cocoa market to cool down by end of 2024, benefiting Hershey. Despite high cocoa prices, Hershey's business performance is strong. The company's growth opportunity lies overseas. Hershey's stock is seen as cheap and may attract investors if cocoa prices drop.
"A couple of fast tests about how good a business is. The first question is: 'How long does the management have to think before they decide to raise prices?' You’re looking at a marvelous business when you look in the mirror and say: 'Mirror, mirror on the wall, how much should I charge for Coke this fall?' And the mirror replies, 'More.' That’s a great business. When you say, like we used to in the textile busin...
Master Corgi : No one ask
NathanRobert : Yoo that’s awesome dude!!
good stuff
Gary Investz : nice! thanks for sharing! moomoo so far not bad to me too!
102172405SG : How do you export chart like this?