Energy drink stocks 'have been incredible winners', says Jim Cramer

Has Wall Street finally lost its appetite for the energy drink stocks mayor’s recruit? This has some stunning performance over the last 40 years. You think alphabets something from its 2004 IPO with that 7008 or 90% gain. And if you bought Hands and Natural, which is the company that became Monster Beverage at the same time, you’d now be up more than 24,000%. Meanwhile, just the last four years, Celsius has rallied more than 4700%. These things have been incredible winners. I mean, you think that they’re AI. You think that, I don’t know, networking or something. But in March and April, both Monster and Celsius turned ice cold, along with so many other formerly beloved growth stocks. Launch was down more than 15% just over a month. For stabilizing the low fifties have its most recent earnings report. Last Thursday, Celsius plunged over 30% from peak to 12. I was starting to lose faith here, but rebounded a bit going into this quarter on Tuesday. So when we saw the actual numbers, did these declines turn out to be justified? Let’s start with Monster, which is given the Bears a lot of ammunition over the past year. After the company last reported in late February its stock shot to a new all time high in mid March. But the fourth quarter results actually weren’t that good. In fact, they missed one really every line. Monster only rallied in response to the querf. One reason? They told us that their currency adjusted sales growth had accelerated to 20% in January, which was very impressive. But after the stock peaked and rolled over in March, sentiment quickly turned negative again. It reached a crescendo on April 25th, a week before Monsters 1st Court report, when two analysts downgraded the stock on the same day. Hey, one of these truest even hit the one with the dreaded double Down way that you hear about. That’s that there you go from buy to sell. They don’t stop at hold arguing that margin expectations were too high. Stock was simply overvalued. Don’t miss a second of Mad Money. Follow at Jim Cramer on X. Have a question? Tweet Kramer Hashtag Mad Mentions Send him an e-mail to [email protected] or give us a call at one 807 Four Three. CNBC. Miss something? Head to madmoney.cnbc.com.