에 대한 최신 뉴스 Monster Beverage (NASDAQ:MNST) 주식

Monster Beverage

Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, Bang and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.

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이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 맥케슨 코퍼레이션(NYSE:MCK)의 주가는 예상보다 나쁜 FY25 1분기 매출 실적을 보고한 후 12.06% 하락했다. 분석가들은 회사의 목표 주가를 수정했다.

워너 브라더스 및 맥케슨은 지난주 최악의 성과를 보인 10개 대형주 중 일부 (8월 4일-8월 10일)

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S&amp;P 500 지수는 금요일 0.4% 상승한 5,344포인트로 마감하여 2일 연속 상승세를 기록했으며, 주 초반의 급락과 높은 변동성으로 생긴 손실을 완전히 만회했다.

S&amp;P 500은 주간 손실을 만회, 나스닥 100은 강세장이 모멘텀을 되찾으며 4주 하락세를 마감

Monster Beverage Corporation - Common Stock

Monster Beverage Corp

As of Sept. 19, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Instacart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>)</h3>
<ul>
<li>On Sept. 5, Cantor Fitzgerald analyst Deepak Mathivanan initiated coverage on CART with an Overweight rating and announced a price target of $45.. The company's stock gained around 19% over the past month and has a <a href="https://www.benzinga.com/quote/CART">52-week high of $42.95</a>.</li>
<li>RSI Value: 76.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CART Price Action: Shares of Instacart gained 5.3% to close at $39.87 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">US Foods Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>)</h3>
<ul>
<li>On Sept. 18, Wells Fargo analyst Edward Kelly maintained US Foods with an Overweight and raised the price target from $66 to $75. The company's stock gained around 5% over the past five days and <a href="https://www.benzinga.com/quote/USFD">has a 52-week high</a> of $62.34.</li>
<li>RSI Value: 73.11</li>
<li>USFD Price Action: Shares of US Foods fell 0.4% to close at $60.91 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Monster Beverage Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</h3>
<ul>
<li>On Aug. 19, Monster Beverage said its board authorized a new share repurchase program of up to $500 million of the company's outstanding common stock. As of Aug. 19, there were no authorized share repurchases remaining under the company's previously authorized buyback program. The company's stock gained around 12% over the past month and has a <a href="https://www.benzinga.com/quote/MNST">52-week high</a> of $61.22.</li>
<li>RSI Value: 71.75</li>
<li>MNST Price Action: Shares of Monster Beverage rose 2.5% to close at $52.35 on Wednesday. </li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
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Top 3 Defensive Stocks You May Want To Dump In September

Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) has outperformed the market over the past 10 years by 2.19% on an annualized basis producing an average annual return of 12.65%. Currently, Monster Beverage has a market capitalization of $49.29 billion. 
Buying $1000 In MNST: If an investor had bought $1000 of MNST stock 10 years ago, it would be worth $3,313.00 today based on a price of $50.32 for MNST at the time of writing.
<h3>Monster Beverage's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726065016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,300 Today

Monster Beverage Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) shares are trading higher in Monday&#8217;s after-hours session after the company announced a new <a href="https://www.benzinga.com/pressreleases/24/08/g40448947/monster-beverage-board-authorizes-new-500-0-million-share-repurchase-program">$500 million buyback program</a>.
What Happened: After the market close on Monday, Monster Beverage said its board authorized a new share repurchase program of up to $500 million&nbsp;of the company&#8217;s outstanding common stock.&nbsp;
As of Aug. 19, there were no authorized share repurchases remaining under the company&#8217;s previously authorized buyback program. 
The new share repurchase program comes less than two weeks after Monster Beverage shares dropped on worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40252293/monster-beverage-analysts-cut-their-forecasts-following-weak-q2-results">earnings results for the second quarter</a>. 
Monster missed analyst estimates on the top and bottom lines as the energy drink category experienced lower growth rates&nbsp;in the U.S. The company noted at the time that it repurchased 2.2 million shares in the second quarter at an average purchase price of $49.55 per share. 
MNST Price Action: <a href="http://benzinga.com/quote/mnst">Monster Beverage shares</a> are down approximately 19% year-to-date. The stock initially traded up to around the $47.50 level on the buyback announcement before pulling back slightly. Monster shares were up 0.75% after hours at $46.95 at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/trading-ideas/previews/24/08/40447261/toll-brothers-q3-earnings-preview-will-kamala-harris-3-million-homes-plan-boost-homebuilde"> • Toll Brothers Q3 Earnings Preview: Will Kamala Harris&#8217; 3 Million Homes Plan Boost Homebuilder Stocks?</a>
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Monster Beverage Stock Pops After The Bell: What's Going On?

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Monster Beverage shares are trading higher after the company announced that its board authorized a $500 million share buyback program.

Monster Beverage Board Authorizes $500M Share Buyback Program

Celsius Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celh#NASDAQ">CELH</a>) has seen its shares dive as much as 58.5% in the past three months, lagging the industry&#39;s drop of 4.9%. Additionally, the energy drinks company trailed the broader Zacks Consumer Staples sector and the S&amp;P 500&#39;s respective growth of 0.2% and 1.8% during the same period.
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Once hailed for delivering consecutive quarters of 100% growth, Celsius Holdings is now grappling with decelerating revenue improvement and intensifying competition in the energy drinks market. Closing the trading session at $38.03 on Aug 12, the stock hovers close to its recently hit 52-week low of $36.17. Furthermore, CELH is trading below its 50 and 200-day moving average, indicating potential weakness in the stock&#39;s momentum.
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<h3>Understanding the Sharp Pullback</h3>
The biggest concern surrounding Celsius Holdings is the evident deceleration in its revenue growth and diminishing market share. The company&#39;s 23.4% year-over-year revenue increase in the second quarter of 2024, though objectively solid, falls short of the high expectations set by its earlier extraordinary growth figures. Additionally, in the four-week period ended Jul 14, Celsius Holdings held an 11% share in the MULOC category, marking a 50-basis point contraction from the previous quarter, raising alarms about the company&#39;s ability to sustain its competitive edge in a saturated market.
Despite having a strong positioning in the energy drinks market, Celsius Holdings faces broader industry challenges, including energy-drink fatigue, rising health concerns and a general decline in discretionary spending. The market is becoming increasingly crowded, with new entrants vying for consumer attention and market share. Consequently, the company is finding it increasingly difficult to differentiate itself from competitors like Monster Beverage (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnst#NASDAQ">MNST</a>) and Red Bull, who have long dominated the market.
Moreover, CELH&#39;s heavy reliance on distribution partnerships presents another potential vulnerability. While the recent partnership with PepsiCo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) has spurred growth, depending too much on a single partner can be problematic. PepsiCo&#39;s push for better inventory management has led to reduced sales growth for Celsius Holdings, revealing the vulnerability of this partnership. As PepsiCo seeks more favorable terms and efficient operations, CELH may struggle to maintain its growth without relying so heavily on PepsiCo&#39;s distribution network.
Industry experts have noted a downside in Celsius Holdings&#39; limited international footprint, with just about 5% of its revenues coming from outside North America. The slow international expansion and reliance on the North American market expose the company to heightened risks, particularly if domestic growth stalls or faces increased competition.
Margins are another area of concern. Despite an improvement in gross margins during the second quarter, CELH has adopted a cautious outlook for the rest of the year. This caution reflects worries about rising raw material costs, such as aluminum and fuel, and the potential impact of a more extensive promotional incentive calendar. Investors might view this as an indication of possible margin compression in the future.
<h3>Estimates Lose Sheen</h3>
Celsius Holdings appears in a troubled spot. The Zacks Consensus Estimate for the current and next fiscal year earnings per share has moved downward by 2.9% and 6% to $1.02 and $1.26, respectively, over the past seven days. This downward adjustment reflects a negative sentiment among analysts and suggests potential challenges in achieving projected profitability.
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<h3>Valuation Concerns</h3>
Celsius Holdings&#39; valuation remains a point of contention. Despite the pullback in the stock price, CELH is trading at a premium relative to industry peers, which seems increasingly difficult to justify given the slowdown in growth and market share losses. The company is currently trading at a forward 12-month P/E of 32.65, much higher than the industry&#39;s 16.05.
<h3>Can Growth Strategies Turn the Tide?</h3>
Celsius Holdings remains focused on undertaking strategic initiatives to fuel growth and expand market share. The company&#39;s ongoing investments in innovation, branding and marketing reflect its dedication to enhancing its competitive position. By continually introducing new flavors and formulations, Celsius Holdings is aligning with evolving consumer preferences to regain its market share.
Another silver lining for CELH is that it has secured shelf space in major retail chains, convenience stores and online platforms, significantly enhancing its market reach. Partnerships with leading distributors and retailers, such as Walmart, Target and Amazon, have provided a strong platform.
Celsius is also actively working to increase its footprint in the energy drinks sector. The company&#39;s efforts to diversify its product lineup and enter new markets demonstrate a proactive approach to expanding its consumer base. This strategic expansion could open up additional revenue streams and mitigate reliance on the North American market.
These growth strategies and proactive measures are designed to help Celsius Holdings overcome current challenges and capitalize on potential opportunities.
<h3>What&#39;s Next for Investors?</h3>
While Celsius Holdings continues to push forward with innovation and strategic initiatives to bolster its market position, the challenges it faces cannot be overlooked. The slowdown in revenue growth, intensifying competition, dependency on key partnerships and broader economic uncertainties are significant headwinds that may weigh on future performance. Coupled with a stretched valuation, these factors suggest that a more cautious approach may be warranted. Investors who have enjoyed the stock&#39;s past gains might find this an opportune moment to reassess their positions, especially given the potential for further volatility.
Celsius Holdings currently carries a Zacks Rank #4 (Sell).
<a href="https://www.zacks.com/stock/news/2321374/celsius-holdings-celh-trading-near-52-week-low-how-to-play-ahead?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2321374">To read this article on Zacks.com click here.</a>

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Roth MKM analyst Sean McGowan maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Neutral and lowers the price target from $56 to $50.

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Roth MKM Maintains Neutral on Monster Beverage, Lowers Price Target to $50

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) shares decreased 12.06% after reporting worse-than-expected <a href="https://www.benzinga.com//node/40232820" target="_blank" rel="noreferrer noopener">first-quarter FY25 sales results</a>. Analysts revised <a href="https://www.benzinga.com/quote/mck/analyst-ratings" target="_blank" rel="noreferrer noopener">the company&#8217;s price targets</a>.</li>
<li>BIO-TECHNE Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) stock 11.71% value last week on worse-than-expected Q4 revenue results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock declined 10.62% following weak <a href="https://www.benzinga.com//node/40234107" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>. Several analysts updated their ratings <a href="https://www.benzinga.com//node/40264035" target="_blank" rel="noreferrer noopener">and price targets on the stock</a>.</li>
<li>Charles River Laboratories International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) shares dipped 10.41% on Q2 results and cut its FY24 <a href="https://www.benzinga.com//node/40222523" target="_blank" rel="noreferrer noopener">adjusted outlook</a>. Analysts lowered the <a href="https://www.benzinga.com/quote/crl/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Sarepta Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) stock fell 9.33% on worse-than-expected Q2 sales results. The company issued FY25 net product revenue guidance below estimates, and several analysts <a href="https://www.benzinga.com/quote/srpt/analyst-ratings" target="_blank" rel="noreferrer noopener">cut their price forecasts</a> for the stock.</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) stock plummeted 8.95% after the company reported <a href="https://www.benzinga.com//node/40233200" target="_blank" rel="noreferrer noopener">Q2 financial results</a>. Many analysts <a href="https://www.benzinga.com/quote/mnst/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price target</a>.</li>
<li>TopBuild Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) stock dived 8.93% following worse-<a href="https://www.benzinga.com//node/40182863" target="_blank" rel="noreferrer noopener">than-expected quarterly results</a>. Several analysts lowered the price <a href="https://www.benzinga.com/quote/bld/analyst-ratings" target="_blank" rel="noreferrer noopener">target on the company</a>.</li>
<li>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) stock dived 7.01% after the company reported worse-than-expected quarterly EPS results and issued <a href="https://www.benzinga.com//node/40203008" target="_blank" rel="noreferrer noopener">third-quarter revenue guidance below estimates</a>. Many analysts slashed the <a href="https://www.benzinga.com//node/40227192" target="_blank" rel="noreferrer noopener">price target and forecast on the stock</a>.</li>
<li>Advanced Drainage Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMS#NYSE">WMS</a>) stock fell 6.94% <a href="https://www.benzinga.com//node/40246477" target="_blank" rel="noreferrer noopener">following a quarterly earnings miss</a>.</li>
<li>SBA Communications Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) stock fell 6.85% in the last week.</li>
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<li><a href="https://www.benzinga.com/news/24/08/40303526/shopify-palantir-and-uber-are-among-top-10-large-cap-gainers-last-week-aug-4-aug-10-are-the-others-i" target="_blank" rel="noreferrer noopener">Shopify, Palantir And Uber Are Among Top 10 Large Cap Gainers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?</a></li>
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Warner Bros, Airbnb And Monster Beverage Are Among Top 10 Large Cap Losers Last Week (Aug 4-Aug 10): Are The Others In Your Portfolio?

The S&amp;P 500 index rose 0.4% to close at 5,344 points on Friday, notching its second consecutive day of gains and fully wiping out the weekly losses in what initially appeared to be a sharply <a href="https://www.benzinga.com/markets/equities/24/08/40294123/wall-street-takes-roller-coaster-ride-as-economic-data-shifts-mortgage-rates-decline-trump-press">bearish and volatile week. </a>
On Monday, the S&amp;P 500 opened more than 5% lower than the previous Friday&#8217;s close as recession fears reverberated through the markets. Bulls then regained momentum in the aftermath of a panicked Monday, bolstered by a series of positive catalysts that calmed volatility and alleviated economic fears.
On Wednesday, the dovish stance of the Bank of Japan curbed short-covering flows into the yen, halting the unwinding of the carry trade that was dangerously draining liquidity from riskier assets.
On Thursday, lower-than-expected weekly jobless claims reassured investors that concerns over a rising unemployment rate in July might have been overblown, as temporary factors likely played a role.
The Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), rose 0.6% to 18,513 points on Friday, ending the week up 0.4% and snapping a four-week losing streak.
On Thursday, Richmond Fed President Tom Barkin confirmed that fears of labor market layoffs might be exaggerated, noting that his business contacts report neither significant hiring nor firing activity.
Boston Fed President Susan Collins suggested that it may soon be appropriate to start easing monetary policy if economic data continues as she expects.
Interest rate markets now assign a 50-50 probability to either a 25-basis-point or 50-basis-point rate cut in September, according to the CME Group&#8216;s FedWatch tool. This marks a sharp reassessment, as traders had fully priced in the larger rate cut at the beginning of the week amid recession fears.
Friday&#8217;s major gainers in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>)</td>
<td>10.8%</td>
</tr>
<tr>
<td>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</td>
<td>10.2%</td>
</tr>
<tr>
<td>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</td>
<td>5.6%</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</td>
<td>4.4%</td>
</tr>
<tr>
<td>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>)</td>
<td>4.3%</td>
</tr>
</tbody>
</table>
</figure>
Friday&#8217;s top performing stocks within the Nasdaq 100 index were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>)</td>
<td>12.4%</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc.</td>
<td>4.4%</td>
</tr>
<tr>
<td>Take-Two Interactive Software, Inc.</td>
<td>4.3%</td>
</tr>
<tr>
<td>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</td>
<td>2.3%</td>
</tr>
<tr>
<td>Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</td>
<td>2.0%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40284699/wall-street-shifts-to-bossing-the-fed-into-big-rate-cuts-after-bank-of-japans-polic">Wall Street Shifts To &#8216;Bossing The Fed Into Big Rate Cuts&#8217; After Bank Of Japan&#8217;s Policy U-Turn, Analyst Says</a></li>
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Illustration generated using artificial intelligence via MidJourney.

S&P 500 Erases Weekly Losses, Nasdaq 100 Ends 4-Week Slide As Bulls Regain Momentum: Friday's Stock Movers At The Close

Truist Securities analyst Bill Chappell maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Sell and lowers the price target from $46 to $40.

Truist Securities Maintains Sell on Monster Beverage, Lowers Price Target to $40

RBC Capital analyst Nik Modi maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Outperform and lowers the price target from $64 to $60.

RBC Capital Maintains Outperform on Monster Beverage, Lowers Price Target to $60

Citigroup analyst Filippo Falorni maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Buy and lowers the price target from $60 to $54.

Citigroup Maintains Buy on Monster Beverage, Lowers Price Target to $54

Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the <a href="https://www.benzinga.com/markets/equities/24/08/40237781/wall-street-ends-wednesday-in-the-red-as-risk-sentiment-remains-fragile-s-p-500-movers-at-the-cl">red the previous day.</a>
Weekly jobless claims numbers, which came in at 233,000 last week — a significant drop from the previous 250,000 and below the expected 240,000 — <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/08/40251833/weekly-unemployment-claims-decline-more-than-expected-cool-recession-concerns-stocks-r">helped ease recession fears. </a>
Additionally, the notable decline in weekly claims in Texas suggests that a one-off event like Hurricane Beryl might have contributed to the increase in claims and the July unemployment rate, thus alleviating fears of a more structural trend.
Technology stocks are leading the charge, with the Nasdaq 100 showcasing a 2.2% rally. Among tech stocks, semiconductors are shining, with AI-linked trade back on track after significant <a href="https://www.benzinga.com/markets/equities/24/08/40259139/tech-stocks-rally-after-5-day-slump-as-recession-panic-eases-nasdaq-100-movers-to-watch-thursday">sell-offs in recent days.</a>
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) rallied 5.7%, returning above its 200-day moving average after falling below it last Friday. Industrial, consumer discretionary and energy stocks are also posting significant gains.
The dollar continues its recovery against the Japanese yen after being hit by the unwinding of the carry trade until Monday. The dollar-yen exchange rate is looking at its third consecutive day of gains, continuing to reflect the dovish remarks made by the <a href="https://www.benzinga.com/markets/asia/24/08/40223986/traders-resume-yen-dollar-carry-trade-as-bank-of-japan-pledges-no-rate-hikes-during-market-volatilit">Bank of Japan on Wednesday.</a>
Bonds, which alongside the yen were favored during past sessions marked by recession fears, are now retracing as yields rise across the Treasury curve. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled by 0.8% on Thursday, eyeing its third straight session of declines. The yield on the 10-year Treasury note surged by 5 basis points to 4%.
Commodities are showing solid gains, with gold and silver up by 1.5% and 3.5%, respectively. Oil is up 0.8%, with West Texas Intermediate (WTI) light crude returning above the $75 per barrel level.
Cryptocurrencies are soaring, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) posting a 7.9% daily gain, on track for its best session in about three months.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,267.70</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,285.21</td>
<td>1.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,063.97</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,231.86</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:44 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent080824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 1.7% to $527.46.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;increased by 1.2% to $392.63.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.4% to $445.17.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) gained 1.7% to $205.38.</li>
<li>All the sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, up by 2.8%. The more defensive Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) witnessed the lowest surge, up by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Technology stocks rallying on improved risk sentiment are: 
<ul>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 7.8%,</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 7.1%,</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 6.2%,</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) up 6.1%,</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 6%, </li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) up 5.9%</li>
</ul>
Stocks moving on earnings reports are: 
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) up 9.9%</li>
<li>Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) down 17%</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) down 31%</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>) down 6%</li>
<li>CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) up 7.2%</li>
<li>Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) down over 17%</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) up nearly 22%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), up 15%</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) up 2.8%</li>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) up 14,</li>
<li>Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 1.2%</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) down 11%</li>
<li>Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) up 2.5%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 7%</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) down 0.5%</li>
<li>Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) up 2.3%</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) up 2.22%</li>
<li>Under Armor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) up 18%</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) up nearly 37%</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) down nearly 9%</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) up nearly 19%. </li>
</ul>
Those reporting after the close are Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), elf Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), and Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>).
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Wall Street Rallies As Economic Concerns Recede, Tech Flexes Its Muscles, Semiconductors Soar: What's Driving Markets Thursday?

JP Morgan analyst Andrea Teixeira maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Neutral and lowers the price target from $56 to $50.

JP Morgan Maintains Neutral on Monster Beverage, Lowers Price Target to $50

Deutsche Bank analyst Steve Powers maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Buy and lowers the price target from $63 to $59.

Deutsche Bank Maintains Buy on Monster Beverage, Lowers Price Target to $59

BMO Capital analyst Andrew Strelzik maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Market Perform and lowers the price target from $56 to $54.

BMO Capital Maintains Market Perform on Monster Beverage, Lowers Price Target to $54

UBS analyst Peter Grom maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Neutral and lowers the price target from $55 to $51.

UBS Maintains Neutral on Monster Beverage, Lowers Price Target to $51

Evercore ISI Group analyst Robert Ottenstein maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Outperform and lowers the price target from $65 to $60.

Evercore ISI Group Maintains Outperform on Monster Beverage, Lowers Price Target to $60

Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) reported worse-than-expected second-quarter <a href="https://www.benzinga.com/quote/MNST/earnings">financial results on Wednesday.</a>
Monster Beverage reported quarterly earnings of 41 cents per share which missed the analyst consensus estimate of 47 cents per share. The company reported quarterly sales of $1.90 billion which missed the analyst consensus estimate of $2.01 billion.
Hilton H. Schlosberg, Vice Chairman and Co-Chief Executive Officer, said, &#8220;The energy drink category in the United States and in certain other countries experienced lower growth rates in the second quarter. Retailers have reported a reduction in convenience store foot traffic and we have seen a shift at retail towards more mass and dollar channels. Other beverage and consumer packaged product companies have also seen a tighter consumer spending environment and weaker demand in the quarter.&#8221;
Monster Beverage shares fell 0.5% to close at $50.53 on Wednesday.
These analysts made changes to their price targets on Monster Beverage following earnings announcement.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580ded6b846faa000106aeb1/michael-lavery">Piper Sandler analyst Michael Lavery </a>maintained Monster Beverage with a Neutral and lowered the price target from $59 to $46.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="477" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085240/image-52-1024x477.png" alt="" class="wp-image-484282" style="width:436px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085240/image-52-1024x477.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085240/image-52-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085240/image-52-768x358.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085240/image-52-1536x716.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085240/image-52.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59a574bdca17380001c65867/chris-carey">Wells Fargo analyst Chris Carey</a> maintained Monster Beverage with an Overweight rating and cut the price target from $59 to $57.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="444" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085322/image-53-1024x444.png" alt="" class="wp-image-484284" style="width:616px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085322/image-53-1024x444.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085322/image-53-300x130.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085322/image-53-768x333.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/08085322/image-53.png 1527w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Monster Beverage Analysts Cut Their Forecasts Following Weak Q2 Results

Wells Fargo analyst Chris Carey maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Overweight and lowers the price target from $59 to $57.

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