Public investing focus remains on energy sector plays. Brent crude settled at $87.20, boosting oil majors' stock valuations. Market strategists foresee integrated oil companies delivering triple-digit dividends in FY2024, supported by geopolitical supply constraints. Over two decades, Vita Coco fended off competition even from the likes of beverage giants Coca-Cola (NYSE: KO) and Pepsi (NASDAQ: PEP) . In 2009, Coca-Cola purchased the Zico brand, and Pepsi purchased the O.N.E. brand. But by 2021, Coca-Cola wound up selling Zico back to its founder, and Pepsi ended up selling O.N.E., along with other juice brands, to a private equity firm. Board President David Haubert also questioned whether the policy would be too restrictive, leaving the county without enough investment options or resulting in lower returns on its investments. Public investing sentiment is bullish after the latest Fed minutes hinted at a pause in rate hikes. S&P 500 futures gained 0.8%, while tech-heavy Nasdaq jumped 1.2%, driven by strong earnings from semiconductor firms. Analysts project a 6% earnings growth in Q3, strengthening momentum in the equities market.
