Investors are dumping out of Beverage Stocks
That's my explanation... Not only did I see (DPS) take a plunge despite some tremendous set of news regarding their earnings beat...their profit beat.... Inexplicable plunge to a 26 handle.... But after hours market (HANS) is also taking a major beating.... And this inspite of THEIR tremendous earnings report showing growth all over the place.
But it's not a "Sales" growth..... *psssh*
But it's not "good enough."
Give me a break! I predict this is just one of them end of year swoons for the Beverage Sector and sometime around February/March/April beverage stocks taking a swoon will skyrocket back up.
So if you are a HANS or DPS investor thinking quitting.... DON'T!!! We've seen this before and still managed a year to date percentage gain. Buy and Hold works... even when the Irrational Market tries to make you think it doesn't.