From Nasdaq: 2024-11-22 04:00:00

Hershey (HSY) is the largest chocolate maker in North America, but faces challenges like slowing growth and shrinking margins. Trump’s pick for HHS, RFK, caused a 12% drop in biotech stocks. RFK’s stance on processed foods could impact companies like Hershey, which is already facing pressure from high cocoa prices.

Investors favor riskier assets like Bitcoin over safe-haven stocks like HSY. Rising cocoa prices are squeezing Hershey’s margins. With a new HHS head and other challenges, Hershey stock is advised to be avoided. Zacks experts have handpicked 5 stocks set to double in 2024, offering potential high returns. Most of these picks are under the radar, providing an opportunity for investors.



Read more at Nasdaq: Bear of the Day: Hershey (HSY)