5 Stock Market Treats For Halloween
Global scares that spread after a bloodbath in the Chinese stock market haunted not just that economy but the U.S.'s, too. The domestic economy freaked out in August, but like every Halloween night, the screams of horror eventually thinned out. Americans were startled when economic numbers slipped in August, but there were treats in store the next month as the recovery was on a firmer footing and consumers looked confident ahead of the holiday season.
As per the National Retail Federation, more than 157 million Americans are expected to celebrate Halloween this year and spend a total of $6.9 billion or $74.4 per person. However, the numbers are down from last year’s spending of $7.4 billion or $77.52 per shopper. Out of the total spending, Halloween shoppers will spend about $2.6 billion on candy, $2.5 billion on costumes, $1.9 billion on decorations and $330 million on greeting cards.
Since Halloween is the top candy-giving holiday, it's expected to boost revenues and profits of confectionary manufacturers around the globe. Additionally, it is probably the most profitable period for retailers after Christmas, back-to-school and Mother's Day. So betting on stocks from the related industries should treat investors with gains this Halloween.
Here are some stocks that can light up your portfolio like a lantern:
The Hershey Company (HSY - Analyst Report)
The Hershey Company is the largest manufacturer of quality chocolate and non-chocolate confectionery products in North America. It manufactures, distributes and sells almost all of the most popular Halloween trick-or-treats – Hershey's, Reese's, Kit Kat, Hershey’s Cookies ‘N’ Crème, Almond Joy, Twizzlers and Hershey's Miniatures.
The stock has a Zacks Rank #3 (Hold) with a solid Growth Style Score of A, Value Style Score of D and Momentum Style Score of C.
Mondelez International Inc. (MDLZ - Analyst Report)
Mondelez International manufactures and markets snack food and beverage products worldwide. The company offers biscuits including cookies, crackers and salted snacks; chocolates, gums and candies; powdered beverages and coffee; and cheese and grocery products. Some of its most-loved Halloween brands include Cadbury, Oreos and Ritz crackers.
The stock has a Zacks Rank #3 (Hold) with a Growth, Value and Momentum Style Score of D each.
The Kroger Co. (KR - Analyst Report)
Kroger is one of the leading grocery retailers in the United States, engaged in the manufacturing and processing of food for sale by its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores. About half of the shoppers are expected to purchase Halloween items at grocery stores.
The stock has a Zacks Rank #2 (Buy) with enticing flavors of Growth, Value and Momentum with Style Scores of B, A, and A, respectively.
Target Corp. (TGT - Analyst Report)
Target Corporation operates as a general merchandise and food discount stores in the United States and Canada. It offers both daily essentials and fashionable products at exceptional prices. As per the survey of the New York-based International Council of Shopping Centers, most of the Halloween costumes will be acquired through big-box retailers and specialty stores. The most popular would be the discount stores like Target, which offers one-stop shopping.
The stock has a Zacks Rank #2 (Buy) and is sweetened with Style Scores of A, A, and B, respectively for Growth, Value and Momentum.
Walgreens Boots Alliance Inc. (WBA - Analyst Report)
As a retail drugstore, Walgreens Boots sells prescription and non-prescription drugs, as well as general merchandise products including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. After grocery and specialty stores, shoppers would hunt for Halloween make-up like glitter and unique press-on tattoos at this drugstore.
The stock has a Zacks Rank #2 (Buy). Its Growth and Value with Style Score of B each along with a Momentum Style Score of C is a real treat.
Disclosure: None.
I would place Walmart(WMT) on here as well if there was a 6th option. Walmart really took a downturn and incurred major losses the past few months. I am sure they will be using these next few months starting halloween to pick up their sales. Any thoughts?