From Nasdaq: 2024-11-22 05:00:00

Zacks Equity Research highlights Tesla as the Bull of the Day and Hershey as the Bear of the Day. Tesla’s future looks promising post-Trump victory, with potential benefits from deregulation and EV credit changes. Hershey faces challenges with slowing growth and shrinking margins under a Trump administration appointee. In the energy sector, EOG Resources, ExxonMobil, and Devon Energy are worth tracking for investors. Oil prices dipped due to rising inventories and weak demand from China. Cocoa price increases hurt Hershey’s margins, making it an avoid for investors.

President-elect Donald Trump’s appointment of Robert F. Kennedy Jr. to head the HHS caused biotech stocks to drop, as Kennedy’s views on processed foods could impact companies like Hershey. The shift in market favor towards riskier assets like Bitcoin has led to a decline in Hershey’s stock. Rising cocoa prices are also impacting the company’s margins negatively, making it an unattractive investment option.

In the oil market, prices fell due to increased stockpiles and weak demand from China. EOG Resources, ExxonMobil, and Devon Energy are resilient stocks worth considering in the energy sector. The EIA report revealed an increase in crude inventories and a decline in refinery utilization rates. Gasoline supplies rose, while distillate fuel supplies fell. Refinery rates dropped, affecting the overall market environment.

Investors should focus on Tesla for potential gains in 2025, while Hershey faces challenges with slowing growth and shrinking margins. The energy sector presents opportunities with companies like EOG Resources, ExxonMobil, and Devon Energy worth keeping an eye on. Oil prices dipped due to increased inventories and weak demand from China, impacting the market environment. Cocoa price hikes have also hurt Hershey’s margins, making it an unattractive investment option.



Read more at Nasdaq: Tesla and Hershey have been highlighted as Zacks Bull and Bear of the Day