HSY Triple Top - Crawling Into EarningsBearish technical setup for HSY coming into their Q3 Earning's on 11/7. Anything less than a big beat could take Hershey down to new lows at around $170 support.
HSY
HSY Trends, Price targets, projectionsLots of talk around this one.
Makes sense with swing state
Michigan and F probably having a similar issue
Either way, they make some good candy
Long term has been historically really good
Long term doesn't predict future
I'm leaving this mostly neutral because I have an idea/guess to the heading but I'm not at all confident in that.
If you want to know, leading towards bullish, barely. All depends on which trends start to break out and confirm movements and which price targets.
Either way, timing is weird for a swing state which may mean absolutely nothing, but still. Weird enough to question.
Push all politics aside, Do they make something good, lasting and sells itself?
Do you believe in it long term enough that even should you screw up a trade, you're backed up in the bullish direction.
When to enter?
Again, I'm just not sure at the moment.
Good luck and hope this chart might help!
bear call spread on HSY over earningsThe weekly chart looks like death. Monthly doesn't look a lot better for the bulls.
PLUS, this gap on a Monday? Bear gap and go?
AND you can get $1.25 credit? on a $10 spread for less than 40 days. I dig it
KHC approaching VWAP and looking to rise higher LONGKHC is a consumer staples, not a high flyng tech stock. Content to grind out a trend and take its
time, it now looks to rise from sideways action since the last earnings. It is approaching the
anchored VWAP where the big players sit waiting to pick up shares in the high volatility and
volume zone and so earn a living from other traders who are not as savvy. Rising relative
strengh supports a long trade here as does the Price Volume Trend. I find some balance with
slow and easy swing trades to offset the chaos and volatility of the IT/ AI /Technology sectors.
Hershey Company Unveils Aggressive Cost-Cutting MeasuresThe Hershey Company (NYSE: NYSE:HSY ) has announced a two-year restructuring program aimed at generating substantial cost savings. This initiative comes in response to recent quarterly performance that fell short of Wall Street expectations, coupled with concerns about consumer spending trends and rising input costs.
The maker of Reese's Peanut Butter Cups plans to trim approximately $300 million in pre-tax expenses through the restructuring effort. While this news initially boosted investor sentiment, it highlights the challenges facing Hershey ( NYSE:HSY ) in navigating a competitive landscape with shifting consumer behaviors and economic uncertainties.
The restructuring, expected to impact less than 5% of the company's workforce, will entail up to $60 million in severance expenses. Hershey ( NYSE:HSY ) is committed to optimizing operational efficiency and agility in the face of evolving market dynamics.
However, Hershey's struggles are not isolated. Industry peer, Mondelez International (NASDAQ: NASDAQ:MDLZ ), also reported volume declines in the fourth quarter. Both companies cite factors such as inflation and price hikes deterring consumer spending on indulgent treats like chocolates and candies.
Future Outlook
Looking ahead, Hershey's outlook for 2024 remains cautious, with projected net sales growth of 2% to 3% year-on-year falling short of analyst estimates. Similarly, adjusted earnings per share are anticipated to remain flat compared to the previous year, a departure from analysts' expectations of growth. CEO Michele Buck has attributed these conservative forecasts to anticipated challenges, including elevated cocoa prices exerting pressure on profit margins.
Despite the tempered outlook, Hershey ( NYSE:HSY ) remains committed to delivering value to its shareholders, evidenced by a 15% increase in quarterly dividends. The company boasts a global workforce of approximately 18,075 full-time and 1,790 part-time employees, underscoring its significance as a major employer.
Conclusion:
The Hershey Company's ( NYSE:HSY ) unveiling of a comprehensive cost-cutting initiative amidst lackluster forecasts highlights the complex realities facing consumer goods companies in today's volatile market environment. As it embarks on this ambitious restructuring journey, Hershey ( NYSE:HSY ) remains focused on enhancing operational efficiency, adapting to evolving consumer preferences, and delivering long-term value to stakeholders in the face of formidable challenges.
$HSY Fibonacci Support & PivotNYSE:HSY Fibonacci Support & Pivot at 152.20 and 618 Fib Support "Fibonacci support is a key level in technical analysis derived from the Fibonacci sequence. Traders use these levels to identify potential price reversals or areas where an asset may find support. These levels, such as 38.2%, 50%, and 61.8%, are drawn based on the Fibonacci ratios and play a crucial role in understanding price movements and making informed trading decisions."
Sector Review: XLV XLY XLPDiscussing a potential capital rotation trade.
We analyze Tesla, Amazon, Pfizer, Moderna, Hershey, and others to get a sense of what is going on.
HSY who doesn't love chocolate for Valentine's Day As a leading manufacturer of chocolate and sugar confectionery in the United States, Hershey Co. is poised to generate significant profits during Valentine's Day with its well-known brands such as Hershey's, Reese's, Twizzlers, and Kit Kat. Despite the recent controversy surrounding the missing "tips" on its Hershey's Kisses, the company's holiday-themed packaging, such as heart-shaped boxes, is expected to boost revenue even further. In 2018, Hershey Co. recorded annual revenue of $7,791 billion, a 3.67% increase from the previous year. According to the company spokesman, Valentine's Day ranks as Hershey's fourth largest season, following Halloween, Easter, and Christmas. going to do a live stream to talk more about the chart
HSY - breakout out from flag consolidationConsumer staples food products showing relative strength. Hersey Foods Corp showing leadership.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
HSY is close to Mirror Level!This is a good example of Mirror Level.
It's a huge probability that the price will bounce again from 139.46.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
HSY Supply areaHSY is entering a long time supply area. Looking for long confirmation. Not in yet but definitely soon, tuesday wednesday entry.
First target 146.
Second target 149 to fill gap.
Will update Idea through out week.
Hsy Playing out as planned.Hsy pivoted right on the supply area and rode up. Needs to close above 144.50 and the 8Dsma (blue) If not watch closely and set stops
HSY 5th Wave Long - It's Not too lateWe are already in this 5th Wave Long on HSY, but its not too late to get in if you play the Long Breakout! With an Entry just over $158 with a tight stop at $152.42, just below recent range bound period. This gives a Risk to reward of 1:1.6 into our automated 5th Wave Target Zone around $167,
We used our Elliott Wave Indicator Suite to find this Long Swing Trading opportunity on HSY. Watch the video tour of our Elliott Wave indicator Suite for TradingView >>HERE<<
HSY Shrinking Run GainThe Hershey Company gapped on a solid earnings report. However, the recent run is a shrinking run candlestick pattern. This warns of hidden large lots selling against the smaller lot buyers.
HSY Enjoys Gap GainsThe Confections Industry has had an unusually strong year thus far, with some companies’ stock in speculation mode. HSY shifted briefly to a sideways pattern after a gap. It is now back in speculation mode.
Pair Trading Idea HRL/HSYApplying some of the most popular indicators on the pair HRL/HSY shows an interesting pattern. While HSY has been clearly outperforming HRL since December 2018, a trend reversal seems to occur. HRL might catch up in the coming days and weeks.
$hsy ready for upward swing!higher time frame in uptrend finding solid support and retraced to .50 level- looking for a bounce upward
mid time frame is forming an ascending triangle with positive momentum and volume
looking for breakout of resistance area of 112.4x to first target of 113.5x area
lower time frame is showing once resistance is broken- there is the least resistance for strong momentum
Cocoa toppingSeems cocoa is finding a way lower. On the monthly I see too much pressure building. Path of least resistance is likely to the downside at this point. I prefer to get in a bit early than wait for the pennant to break to the downside (if it does).
Buy out failThe Hershy family trust has turned down other offers , they seem to be loyal to workers , state country , self
the offer of 107 is below where this price jumped up to of about 115
i am in the July 110 Put @ 2.63
have sold some already in the 3 to 5 range
has a long term hold possibility so i might actually exercise some puts if it drops enoughl
