What's Going On With Celsius Holding's Stock Today?
Portfolio Pulse from Aaron Bry
Celsius Holdings (NASDAQ:CELH) stock fell over 6% amid a broader sell-off in momentum stocks, despite a bullish analyst rating from Stifel Financial Corp (NYSE:SF) with a price target increase from $90 to $95. Other momentum stocks like Monster Beverage Corp (NASDAQ:MNST), Carvana Co (NYSE:CVNA), and Super Micro Computer Inc (NASDAQ:SMCI) also experienced declines. The iShares MSCI USA Momentum Factor ETF (BATS:MTUM) dropped more than 1%, indicating a potential slowdown in the momentum stock trend.
March 11, 2024 | 6:51 pm
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NEGATIVE IMPACT
Celsius Holdings' stock fell over 6% despite a bullish analyst rating from Stifel with a price target increase.
The decline in CELH's stock price, despite positive analyst coverage, suggests market sentiment may be outweighing analyst opinions in the short term, potentially due to broader market trends affecting momentum stocks.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Carvana Co's stock also fell during the sell-off in momentum stocks.
CVNA's stock price decline, in line with the sell-off in momentum stocks, indicates a short-term negative impact driven by broader market sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Monster Beverage Corp, like other momentum stocks, experienced a decline in stock price.
MNST's decline, as part of the broader sell-off in momentum stocks, suggests a potential short-term negative impact on its stock price due to market trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The iShares MSCI USA Momentum Factor ETF dropped more than 1%, indicating a potential slowdown in the momentum stock trend.
MTUM's decline reflects the broader sell-off in momentum stocks, suggesting a potential short-term negative impact on momentum-focused investments.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Super Micro Computer Inc faced a tough day, with its stock price declining alongside other momentum stocks.
SMCI's participation in the broader momentum stock sell-off suggests a negative short-term impact on its stock price due to market trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Stifel Financial Corp maintained a bullish buy rating on Celsius, raising its price target from $90 to $95.
Stifel's continued bullish stance on CELH, indicated by the price target increase, may not directly impact its own stock in the short term but reflects its positive outlook on Celsius.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50