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Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers. Its operations are largely concentrated in North America following the divestment of a significant portion of its international business, which has struggled to turn a profit. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers.

Monster Beverage Corp. is a holding company and conducts no operating business except through its consolidated subsidiaries. The company's subsidiaries market and distribute energy drinks.

Dour signals in the pre-market, when futures were universally lower, faded quickly once stock indices opened on Thursday. As of this writing, the DJIA, the S&P 500, the Nasdaq Composite, and the Russell 2000 are all in the green. Blue-chip stocks such as Home Depot (HD) and Caterpillar (CAT) are leading the markets. Elsewhere, weekly unemployment claims data from DOL add to the argument that the employment environment is slowing a bit. The latest claims total jumped 22,000 to 231,000, which was the highest level since last August. Still, the average number of weekly claims over the past decade is 375,000. The yield on the 10-year Treasury note is steady at 4.5%, despite the unemployment claims data. Bond traders are leery, having been burned by inflation reports (due next week) in recent months. Bitcoin is down 1% today, while gold and oil prices are ticking higher.

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, 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.