St. Patrick’s Day Trading Ideas

Mar 13, 2015   //   by Profitly   //   Profitly  //  Comments Off on St. Patrick’s Day Trading Ideas

We are quickly approaching the St. Patrick’s Day holiday, and we wanted to take some time to give you some trading ideas leading up to the event. From beer to chicken wings, we’ve got you covered. A lot of people wouldn’t really thing about getting new ideas for this holiday in particular, since it’s not considered as big of a deal as Thanksgiving or Christmas where analysts/traders/investors page through reports and outlooks for the retail shopping season.

But you may be surprised to learn just what kind of opportunities this Irish celebration presents.

Here are some ideas that Forbes originally generated:

The Boston Beer Company (NYSE: SAM) – While some beer companies have seen a downturn in their share prices in the current economic climate, craft beers have generally been the best performers in the sector. In fact, the Boston Beer Company has seen almost non-stop growth over the previous twelve months and has seen its share price increase by nearly 25% in the past 3 months. The company has seen a large amount of short interest lately, so perhaps a short squeeze could be in store.

Diageo (NYSE: DEO) – Diageo also cashes in on this holiday thanks mainly to its association with alcohol. The company, which owns many adult beverage brands including Guinness (the national beer of Ireland) has historically seen gains of up to 2.05% in the days leading up to and including St. Patrick’s Day. It’s struggled a bit lately, so it will be interesting to see if shares get a boost.

Coca-Cola (NYSE: KO) – If alcohol does not interest you, perhaps soda will. Shares generally trade in line with the S&P 500, but have trailed lately and may simply need the holiday to get a boost. They also hiked their dividend by 8% to 33 cents from 30.5 cents recently, and appointed its new marketing chief as an executive vice president.

Tyson Foods (NYSE: TSN) – Tyson, one of America’s largest food companies, generally sees small increases in its shares in the days leading up to this holiday, thanks mainly to their corned beef products. The Board of Directors of Tyson Foods (meeting on January 29) declared the quarterly dividend of $0.10 per share on Class A common stock and $0.09 per share on Class B common stock, payable on June 15, 2015. Additionally, Tyson may be of interest to those looking for a slightly longer-term investment as their shares might see yet another increase as Easter approaches. The stock has been trailing the S&P 500 lately.

Apple (NASDAQ: AAPL) – With the launch of the highly anticipated Apple watch quickly approaching, it should come as no surprise that Apple made our list. While it is true the launch of the watch might not impact Apple shares quite as much as other products like the iPhone, consumers and investors have been anxiously awaiting the launch of Apple’s latest product. According to the Wall Street Journal, Apple has pre-ordered 5 million to 6 million units of Apple Watch. That’s similar to the number of units the company ordered for the iPad in 2010. According to The Motley Fool, The iPad was launched at the beginning of April and sold 7.46 million units in its first six months; it sold an additional 7.33 million units in the holiday quarter of that year.