Stocks are showing no love this Valentine’s day. In Europe, the DAX, FTSE 100, and CAC 40 have all fallen by more than 2% while Dow Jones and Nasdaq 100 have retreated by about 1%. So, here are some of the top stocks to watch on Valentine’s Day.
1-800-Flowers.com
1-800-Flowers.com (NASDAQ: FLWS) is one of the leading companies that tends to benefit substantially during Valentine’s Day. It is a top seller of flowers and other gifts in the country with annual revenues of over $2 billion. Indeed, the company’s revenue growth did not slow down during the pandemic.
However, the 1-800-Flowers.com stock price has been in a major sell-off lately. It has crashed by more than 50% in the past 12 months and by over 60% from its highest level in 2021. This drop is mostly because of the rising cost of doing business.
Still, the stock is relatively cheap considering that it is trading at a multiple of about 16x, which is lower than the S&P average. While it is facing substantial competition, it has a strong market share in its business.
While Valentine’s Day is an important day for 1-800-Flowers, it makes most of its money on Mother’s Day.
Hershey
Hershey (NYSE: HSY) is another Valentine’s Day stock pick. The company offers some of the top gift products in the US. Precisely, it is well-known for its chocolate products. It also sells other products like popcorns, pretzels, and ONE.
Hershey has a market capitalization of more than $42 billion and annual revenue of over $8.9 billion. It has an annual revenue of more than $1.8 billion.
The Hershey stock price has climbed sharply in the past few months. It is even sitting close to its all-time high as investors anticipate more demand. The biggest concern for the company is that the cocoa price has jumped to the highest level since 2020.
Mondelez
Mondelez (NYSE: MDLZ) is another Valentine’s Day stock picks is Mondelez. It is a company that manufacturers some of the best-known snacks in the US. Some of its well-known brands Cadbury, Belvita, Oreo, and Triscuit among others.
Mondelez is a leading company with a market cap of over $92 billion and annual revenue of over $28 billion. The company’s share price has declined slightly recently as investors have worried about its rising costs. However, it has a strong market share in its industry and more room to grow in the coming months.
Other companies that see more traffic on Valentine’s day are Signet Jewellers, Movado Group, and Tiffany.
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