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Monster Beverage: One Chart Explains the Mega-Rally

By:
Lucas Downey
Published: Aug 27, 2023, 08:01 GMT+00:00

Monster Beverage Corp. (MNST) shares have jumped 12% in 2023. This uptrend is being powered by mega appetite for the stock.

NASDAQ, FX Empire

In this article:

Monster Beverage Attracts Big Money Inflows

Want an edge in trading? Follow the Big Money.

What’s Big Money? Said simply, it’s when a stock rises due to institutional demand. Top stocks tend to attract savvy investors.

You see, fund managers are always looking to bet on the next outperforming stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.

The YTD action tells the story. Each green bar signals unusual buying volumes in MNST shares, pushing the stock higher:

Source: www.mapsignals.com

Few stocks have charts this strong. Historical green bars suggest healthy demand. But, what about the fundamental story?

Monster Beverage Fundamental Analysis

Next, I want to make sure the fundamental story is healthy too. As you can see, MNST has had positive sales and EPS growth in recent years:

  • 3-year sales growth rate (+14.6%)
  • 3-year EPS growth rate (+5%)

The company is also expected to grow EPS 16.7% this year.

Source: FactSet

Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.

Check this out. Monster Beverage has been a top-rated stock at MAPsignals. That means the stock has had buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times. The blue bars below shows when MNST was a top pick:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of the MAPsignals process.

Monster Beverage Price Prediction

The MNST rally has been in place for years. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in MNST at the time of publication.

If you want to take your investing to the next level, learn more about the MAPsignals process here.

Follow our free insights here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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