Top 4 Halloween Stocks to Watch for Sweet October Gains

As October unfurls, Halloween, commonly recognized as the eeriest time of the year, prompts early discussions on costumes, trick-or-treat, and, most essentially, candy. Beyond the fun and fright, Halloween has become a significant profit-generating venture in the retail sector. 2021 witnessed a considerable resurgence in Halloween sales as the world moved past the pandemic’s threats […] October 16, 2023 [Option Sensei] [Top 4 Halloween Stocks to Watch for Sweet October Gains]( As October unfurls, Halloween, commonly recognized as the eeriest time of the year, prompts early discussions on costumes, trick-or-treat, and, most essentially, candy. Beyond the fun and fright, Halloween has become a significant profit-generating venture in the retail sector. 2021 witnessed a considerable resurgence in Halloween sales as the world moved past the pandemic’s threats and kindled their long-awaited festivities. Halloween expenditure exceeded the pre-pandemic benchmark, promising a new record high for 2023. According to the National Retail Federation, Halloween spending could reach approximately[ $12.2 billion this year]( translating to an average of $108.24 per person. This figure is measurably higher than last year’s record-setting $10.6 billion or $102.74 per capita. Research highlights an enhanced interest in Halloween-centric events, with 73% of people indicating plans for celebration, a rise from last year’s 69%. Within this group, 68% plan to distribute candies, driving the overall candy expenditure predictions to a staggering $3.6 billion. However, the Halloween spirit might face a chilling blow this year. Escalated candy costs could potentially burn severe holes in buyers’ pockets. The latest Consumer Price Index report unveils candy prices to increase[ 7.5% year-over-year in September](. Inflationary trends have cast shadows on almost every commodity this year, but high candy costs call for heavier blame. Increasing candy costs are primarily attributed to the[ global sugar shortfall](. Global sugar supply is expected to decline by 10% to 15%, steered by harsh weather conditions. Additionally, soaring[ cocoa prices]( fueled by supply chain hurdles and persisting droughts, present a disheartening picture for ardent chocolate lovers. Researchers at the sales and marketing group Advantage Solutions surveyed over 1,000 adults. About 40% of those surveyed said[ inflation will impact their plans to buy candy](. However, despite rising costs, many people would be unwilling to hold back on celebrations, as evident from the projected Halloween spending, benefiting the candy companies. A recent survey conducted by Advantage Solutions amongst a sample of over 1,000 adults revealed that approximately 40% of respondents anticipate a considerable[ inflationary impact on their candy purchases](. Yet, the spirit of Halloween appears indomitable, as consumers are seemingly unwilling to dampen their celebrations, resonating with the foreseen spending predictions. Candy companies would benefit by passing the increased prices to the customers. Given the landscape of mushrooming Halloween spending in the U.S. and globally, let’s look at some… Continue reading at [INO.com]( SPONSOR [R.I.P. for the American Dream? (Surprising answer inside...)]( A record-low happiness level is seeping through the nation's fabric like wildfire. The culprits? The floundering state of the economy...rising housing and rent costs...and inflation. It's called the "opportunity gap", and the bad news is it's only getting wider. BUT THERE IS HOPE...legendary Wall Street fintech experts Andy and Landon Swan have issued a major buy alert for a surprising company making news in the AI space. They have compelling evidence that this Great $2 AI Moonshot could become the #1 tech sensation of the decade. [Go here now for the details.]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This is a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Wealthpop users . Wealthpop is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Wealthpop, and Wealthpop disclaims any liability for or arising from such statements and opinions. You are hereby advised that Wealthpop is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Wealthpop. All rights reserved. Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019