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We recently published a list of 10 Firms Kick Off Monday Leading Gains. In this article, we are going to take a look at where Celsius Holdings Inc. (NASDAQ:CELH) stands against other firms that kick off Monday leading gains.
The stock market kicked off the week’s trading on a positive note, with all main indices finishing in the green territory, as economies took a pause from their tariff war, while investors breathed a sigh of relief on the February retail sales report which didn’t come worse.
According to the latest figures, retail sales rose 0.2 percent, albeit below the 0.6 percent as expected by analysts. Excluding autos, sales are up by 0.3 percent, in line with economists’ expectations.
Following the news, the Dow Jones clocked in a 0.85-percent gain, followed by the S&P 500 with 0.64 percent, and the tech-heavy Nasdaq with 0.31 percent.
Meanwhile, 10 companies that led the rally posted modest gains as fresh company developments sparked investor buying. In this article, we have listed Monday’s 10 top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.
A hand pouring a cool can of a carbonated non-alcoholic beverage with a smiley face on it.
Celsius Holdings Inc. (NASDAQ:CELH)
Celsius Holdings rallied by 10.52 percent on Monday to end at $29.93 each as investors reacted to news that PepsiCo, which owns a significant stake in the company, moved to expand its healthy drinks category.
The rally came after news that PepsiCo entered into an agreement to acquire prebiotic soda brand Poppi for $2 billion.
“More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness. Poppi is a great complement to our portfolio transformation efforts to meet these needs,” said PepsiCo Chairman and CEO Ramon Laguarta.
The news dribbled into CELH which produces a range of fitness and energy beverages under the brand Celsius.
The transaction is subject to customary closing conditions, including regulatory approval. Additional terms of the acquisition were not disclosed.
Overall, CELH ranks 2nd on our list of firms that kick off Monday leading gains. While we acknowledge the potential of CELH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as CELH but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.