Markets slid on Friday amid global growth worries and uncertainties around Brexit. All three main indexes are in the red in the first hours of trading.
Several stocks worth watching today include Monster Beverage Corporation (NASDAQ:MNST), Tesla Motors Inc (NASDAQ:TSLA), Senior Housing Properties Trust (NYSE:SNH), South State Corporation (NASDAQ:SSB), and Southeastern Bank Financial Corporation (OTCQB:SBFC).
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Monster Beverage’s New Soda: Key to Growth?
Monster Beverage Corporation (NASDAQ:MNST) is on the radar of investors today after an article on Barron’s said that the company’s recently launched super soda “Mutant” could provide an impetus to growth to the company’s stock. The California based beverage company is positioning Mutant against Dew. The source said that Monster can tap into the international markets to speed up its growth. Last year, Coca-Cola’s acquisition of 16.7% stake Monster gave the company an access to Coke’s worldwide distribution network, added the report. At the end of March, 31 funds tracked had approximately $1 billion worth of shares in Monster Beverage Corporation (NASDAQ:MNST). Neal C. Bradsher’s Broadwood Capital owns around 1.59 million shares of the company
Tesla Motors Brings Model X to China
Tesla Motors Inc (NASDAQ: TSLA) celebrated the official arrival of its Model X in China at Diaoyutai State Guesthouse, Beijing. China is the first Asian country to receive the electric SUV. According to Tesla’s VP of Asia Pacific, Robin Ren, the company is ahead of schedule of Model X deliveries. Mr. Ren added that the company expects to start deliveries to customers at the end of this month. As of the end of the first quarter 2016, 39 hedge funds from our database were positioned in Tesla Motors Inc (NASDAQ:TSLA), up from 29 funds a quarter earlier. Daniel Benton‘s Andor Capital Management owns 500,000 shares of the company.
On the next page, we take a look at why shares of Senior Housing Properties, South State Corporation and Southeastern Bank Financial Corporation Announce Merger are trending today.