The stock market’s “fear gauge” is broadcasting a rosy outlook for the S&P 500. But beneath the surface, individual member stocks are increasingly going their own way.
Monster Beverage Corp. said Monday that it has completed its tender offer to buy back $3 billion worth of its shares, including about $24 million worth of shares that were owned by co-Chief Executives Rodney Sacks and Hilton Schlosberg.
The company will list on NYSE or Nasdaq later this year or early in 2025 as “NMAX.”
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The S&P 500 is on the cusp of its 26th record close of 2024 ahead of two important updates on inflation and rates.
As media and entertainment giant Paramount Global lurches toward a possible sale, yet another offer could be in the works — this one from onetime media executive Edgar Bronfman Jr., with the backing of private equity firm Bain Capital.
Recent winners that are expected to continue rapid expansion include Wingstop, Domino’s and Chipotle, while Starbucks is expected to get its house in order.
Average price per gallon falls to $3.40 on Monday, the lowest June level since 2021, says GasBuddy’s Patrick De Haan
