Monster Energy (MNST) Drives Consumer Staples ETF (FXG) Higher
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Shares of Monster Beverage (NASDAQ: MNST) are up close to 10 percent today after the company beat earnings estimates by 3c. Shares of MNST spiked last month on reports Coca-Cola (NYSE: KO) might acquire it, but those reports were denied by Coca-Cola.
MNST has a 4.85 percent weighting in Consumer Staples AlphaDEX (NYSE: FXG), an ETF that tracks stocks in the consumer staples sector that generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) screening methodology.
FXG was up 1 percent in late trading on Thursday.
MNST has a 4.85 percent weighting in Consumer Staples AlphaDEX (NYSE: FXG), an ETF that tracks stocks in the consumer staples sector that generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) screening methodology.
FXG was up 1 percent in late trading on Thursday.
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