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.
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