Celsius Holdings (NASDAQ: CELH) is facing struggles in the energy drink market share but has made a move to address concerns by acquiring Alani Nu, a fast-growing competitor. The news led to an increase in stock prices on Friday.
According to Travis Hoium, who breaks down the news in a video, this acquisition may have alleviated some investor fears. However, it’s essential to consider other investment options before putting money into Celsius.
In fact, The Motley Fool Stock Advisor team has identified 10 best stocks for investors to buy now, with Celsius not making the list. Investing $1,000 in these top picks could lead to substantial returns in the coming years.
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Travis Hoium has a position in Celsius and is affiliated with The Motley Fool, which may lead to compensation for promoting its services. However, his opinions remain independent and unbiased.
Source: https://www.nasdaq.com/articles/celsius-stock-steal-after-18-billion-acquisition