The stock market closed flat on Thursday with just one trading day left in 2023. The three major indices are also set to notch their ninth straight winning weeks.
Overall, S&P 500 and NASDAQ were flat at 4,783 and 15,095, respectively.
Tweet of the Day
New vehicle sales have risen faster than expected 📈
New vehicles sold (by year):
2016: 17.5M
2022: 13.9M
2023: 15.5M (!)The closer we get to selling 17.5M units per year again, the more prices will normalize.
(data via Cox Auto)
— Car Dealership Guy (@GuyDealership) December 28, 2023
Chart of the Day
Here is the one-year chart of Celsius (CELH) as of December 13, 2023, when the stock was at $52.
Celsius is capitalizing omits distribution deal with PepsiCo (PEP) as revenue jumped 104% last quarter. Management stated sales were driven by expanded availability of products and increases consumer awareness. Celsius is expanding in colleges, hospitals, hotels, eateries, casinos, and Jersey Mike’s locations. The company also benefited from more SKUs per location. Profits surged 314% during the quarter as gross margins increased to 50.4% from 41.8% a year ago. Margins were helped by reductions in package and raw material costs ,decreased waste, and better freight shipping efficiency.
CELH is a top-ranked stock in our Aggressive Growth Portfolio and Growth Portfolio.
