This monster is breaking out just a week before earnings. (April 25, 2015)
Monster ( NASDAQ:MNST ), this has been a monster stock. This is what happened the last time they reported earnings. The next earnings are due on May 4th so that’s a couple weeks from now, right? The stock has been drifting sideways for quite a while and it’s just starting to move up. I think you can buy this stock right now, before earnings.
Now, do you want to hold it through earnings on May 4th? That is a week from Monday. Do you want to hold that through next Monday? I couldn’t tell you. But I’ll tell you this, there’s no real catalyst for this stock to be moving down over the next week. The way I’m seeing this it just could be starting kind of a late earnings run.
So I think you can be buying this stock, buy it on Monday and figure out on Friday what to do with it. My bet is you’re going to have some profits in this stock. It’s been a strong stock; it’s almost seemed like a safety stock.
Besides, every time I go into a “Seven Eleven” or an “ampm” or whatever the local stop and grab is, kids are always grabbing these big massive beverages so they’re obviously doing something right, even if it’s ultimately going to cause a bunch of heart attacks. Very popular drink, very popular stock; I think you want to be long this stock; the stock is certainly safer than the product. Get long this stock and just figure out on Friday if you want to hang on to the “Monster” or not.
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