10 Stocks That Will Skyrocket

7. The Hershey Company (NYSE:HSY)

Number of Hedge Fund Investors  in Q1 2024: 44

Date of Newsletter: July 2nd

Whitney Tilson’s Stansberry investment newsletter highlights a set of stocks that he believes are part of a “perfect portfolio.” Some of his stock picks five years ago were Meta, Amazon, and Google, so it’s safe to say there’s some merit to the stocks being pitched. The first company in the fresh stock list is one that he believes few people have the depth to understand correctly despite the fact that it’s a well known name. It’s not a new company either, as the firm has flourished “for over 100 years,” according to Tilson. This performance includes growth during times of significant economic turmoil, including the 2008 recession, the 2020 coronavirus pandemic, and the 2021 inflation boom.

For those who worry about the volatility in the stock market, seems like this is really the perfect stock pick. This stock is The Hershey Company (NYSE:HSY), which is one of the biggest confectionery companies in the world. Stock Gumshoe has bought The Hershey Company (NYSE:HSY)’s shares this year as they’ve been weak due to inflationary pressures taking a bite out of the demand for its products. The firm has a strong return on equity of 53%, which has impressed Tilson, and it is also valued well at 18x earnings. The weak share price has increased the dividend yield to 3%.