U.S. Stock Market Midday Update: Rocky Mountain Chocolate rises 22.04%

U.S. Stock Market Midday Update

Stocks with High Trading Volume in the Industry

Kraft Heinz rose 1.55%. Based on recent important news:

1. On September 17, Kraft Heinz announced it would split into two independent publicly traded companies, expected to be completed in the second half of 2026. This news boosted market confidence and drove the stock price up.

2. On September 16, despite analysts having mixed ratings on Kraft Heinz, the overall market held an optimistic view of its future performance, further supporting the rise in stock price.

3. On September 2, Bank of America Securities reiterated its sell rating on Kraft Heinz, but this did not prevent the recent rise in stock price. The consumer goods sector performed steadily overall.

Smucker rose 0.20%, with a trading volume of $67.65 million. Based on recent important news:

1. On September 17, global coffee futures prices continued to rise, prompting Smucker to adjust its procurement strategy and raise consumer prices, driving the stock price up. According to Zhitong Finance, drought in Brazil and supply shortages in Vietnam are the main reasons, with U.S. coffee prices up 20.9% year-on-year.

2. On September 18, analysts rated Smucker as a moderate buy, noting that despite better investment options, Smucker's market performance remains in focus. Analysts pointed out that coffee price pressures could impact its profitability.

3. On September 17, Smucker emphasized in its earnings call that it successfully alleviated the pressure from rising raw coffee costs by optimizing its supply chain and implementing pricing measures, enhancing market confidence. Coffee prices are rising, and the industry faces cost pressures.

Mondelez International rose 0.25%. Based on recent important news:

1. On September 17, Shanghai Mayor Gong Zheng met with Mondelez International CEO Dirk Van de Put to discuss high-quality development in the Shanghai market and cooperation in the food industry. This positive exchange may have strengthened market confidence in Mondelez International's growth potential in the Chinese market, driving the stock price up.

2. On September 18, analysts rated Mondelez International as "moderate buy," with a target price of $74.78, indicating a 19.02% upside from current levels. This optimistic analyst expectation may further support the rise in stock price.

3. On September 17, although Mondelez International was not included in the list of top five stocks recommended by analysts, its "moderate buy" rating still reflects market confidence in its future performance. The food industry demand remains strong, and market confidence is increasing.

Stocks with High Market Capitalization in the Industry

Hershey fell 1.11%, with a market capitalization of $38.3 billion. Based on recent important news:

1. On September 16, Goldman Sachs upgraded Hershey's rating from "sell" to "buy," raising the target price to $222, with the stock price rising 2.8% in pre-market trading. This move reflects increased market confidence in Hershey's future growth momentum.

2. On September 17, Goldman Sachs reported an improvement in Hershey's market share trends, with the stock price rising by as much as 5.3%. This news drove Hershey's stock price up, showing investors' optimistic expectations for its market performance On September 17, Hershey, a component of the S&P 500 index, rose 4.4%, with trading volume exceeding the daily average. This phenomenon indicates a positive market reaction to Hershey's upgraded rating. Industry trends are improving, and market confidence is strengthening