CELH stock plummeted below a key technical moving average early Tuesday after Morgan Stanley put out a cautious note regarding the latest sales trend data for energy drink maker Celsius. Morgan Stanley analyst Dara Mohsenian in a Tuesday research note warned that sales growth for Celsius Holdings appears to be slowing based on the latest Nielsen retail trend data, Seeking Alpha reported. The firm noted that Celsius sales growth slowed sequentially to a 39% clip for the week ending May 18.
S&P 500 index components GE Aerospace, Cintas and Lam Research are in focus this week along with Dow Jones giant Merck and Celsius Holdings. Shares of GE Aerospace gained 1.2% to 167.29 Friday, advancing 4.6% on the week.
Archer Daniels (ADM) progresses well on its strategic growth pillars. The company is also actively managing productivity and innovation.