3 Beverage Stocks to Watch Ahead of Inflation Data

Amongst the various consumer staples, beverage stocks consistently enter the ring in conversations concerning growth potential, as most have strong international reach. This week's inflation data out of the U.S. could prove interesting for the sector as well, and, according to a New York Federal Reserve survey released today, inflation expectations declined in June. 

A favorite amongst analysts, with 20 of the 27 in coverage carrying a "buy" or better rating, blue-chip giant Coca-Cola Co (NYSE:KO) isn't trading too far off from its June 6, 52-week high of $64.36 -- last seen down 0.9% at $63.19. Year to date, KO sports a 7.1% lead. The company will report earnings before the open on July 23, after inching lower following its two most recent reports.

Celsius Holdings Inc (NASDAQ:CELH) was last seen down 1.7% at $56.24. The stock recently suffered quite an extended drop, losing 28.6% in June, though it's still up 3.2% in 2024. Several analysts called the selloff "overdone," with 15 of the 19 covering analysts rating CELH a "buy" or "strong buy." 

In comparison to the former two stocks, Monster Beverage Corp (NASDAQ:MNST) is severely underperforming, down 13% since the start of 2024. The equity closed its third-straight monthly loss at the quarter's end in June after firm pressure from the 40-day moving average. Sixteen of the 27 brokerages covering Monster stock still consider it a "buy" or better, however. At last glance, MNST was up 0.7% at $50.09.