3 Ice Cream Stocks to Melt Over This Summer
Ice cream. It’s the universally accepted best dessert ever. Right? Ahead of US National Ice Cream day (17 July), we thought we’d highlight some of the top ice cream stocks that you can trade right now. Then we’ll rundown the critical fundamental events coming up this week. Grab yourself a bowl of the good stuff and let’s drool over some ice cream stocks.
The crème de la crème
Here are the top 3 ice cream stocks that you might like the taste of right now…
Nestlé are a controversial pick due to their general public unpopularity over food and water scandals around the world. But this is the world of finance and their stocks are in our top 3. Nestlé owns Dreyer’s and recently sold its US Hagen Dazs’ business to Froneri — a joint venture that it owns with PAI Partners. Top-selling Nestlé sub-brands, such as KitKat and Toblerone also have popular ice cream products. This all makes the chocolate-maker a mega ice cream incorporated.
Price 01.01: 129 CHF
Price 08.07: 114.64 CHF
% change 2022: -11.28%
Nestlé stock, 2022
Nestlé stock is down 11.28% in 2022, but has shown signs of a resurgence in July so far. Food companies tend to do pretty okay in a recessionary environment because they offer staples that everyone needs to continue buying, regardless. And who doesn’t need to reach for the ice cream to cheer them up on a random Tuesday/Wednesday/Thursday night?!
As one of the world’s largest food conglomerates, investing in Nestlé might not exactly freeze your returns. No guarantees.
The monster UK-based conglomerate boasts a portfolio of hundreds of household brands, particularly in the home-cleaning sector, but also many foodstuffs, including that cheeky, premium (it’s really expensive in case you hadn’t noticed) ice cream fave — Ben & Jerry’s.
The company also owns the more moderately-priced, globally-gigantically-popular brands Cornetto and Magnum that you probably have lodged in your freezer somewhere.
Unilever stock is down a moderate 3.67% so far in 2022. It’s performed pretty poorly over the last 5 years. But don’t write it off just yet, “poorly” in this context is a ca. 15% return on investment per annum. So, not too bad, right?
Price 01.01: 3,996.00 GBX
Price 08.07: 3,849.50 GBX
% change 2022: -3.67%
Unilever stock, 2022
#3 General Mills
That Hagen Dazs joint-venture we mentioned above covers the US and Canada only, the global licence to sell one of the world’s most popular brands of ice cream is held by General Mills. * He’s not related to Colonel Sanders — we Googled it.
The US-based company is on a winning streak right now, hitting an all-time high that seems to just keep going. The company’s revenue rose 8% year over year to $4.89 billion, which smashed estimates by a whopping $80 million!
While the S&P500 is down 20% in 2022, General Mills is up over 12%, so these guys are doing something right.
What is that, you ask? Well, as we mentioned before, a portfolio of some of the most recognisable food brands in the world is a great thing to have in your pocket during a recession. As well as Hagen Dazs, General Mills owns Cheerios, Yoplait, Betty Crocker, Green Giant, and Pillsbury.
Price 01.01: 67.26 USD
Price 08.07: 75.54 USD
% change 2022: +12.31%
General Mills stock, 2022
What’s your favourite ice cream flavour? Which of these stocks do you think will perform best in the second half of 2022? Tweet us at @_contentworks!
Top fundamental events this week
Here are all of the main events coming up this week.
● CNY — New Yuan Loans (JUN)
● EUR — ZEW Economic Sentiment Index (JUL)
● AUD — Westpac Consumer Confidence Index (JUL)
● GBP — GDP 3-Month Avg (MAY); GDP YoY (MAY)
● USD — Core Inflation Rate YoY (JUN); Inflation Rate YoY (JUN)
● CAD — BoC Interest Rate Decision
● AUD — Employment Change (JUN); Unemployment Rate (JUN)
● USD — PPI MoM (JUN)
● CNY — GDP Growth Rate YoY (Q2)
● USD — Retail Sales MoM (JUN); Michigan Consumer Sentiment Prel (JUL)
Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.
The Contentworks team