Chocolate, roses, jewelry. What are you getting your sweetheart (or yourself) for Valentine’s Day? If you’re like millions of other people, you’re opting for chocolate, which might present an opportunity in the cocoa exchange traded note (ETN).
Confectioners across the country are loading up in order to satisfy your sweetheart’s sweet tooth this Valentine’s Day. Justin McClelland and Eric Schwartzberg for Dayton Daily News report that local candy makers say their business is resilient, even in the economic downturn. [Why Chocolate Prices are Up.]
As one shop owner says, chocolate is the sixth food group. And we’re entering into prime chocolate eating season: after Valentine’s Day comes Easter. In fact, Valentine’s Day is really only the year’s third-busiest day of the year for confectioners.
Perhaps the iPath Dow Jones AIG Cocoa ETN (NYSEArca: NIB) goes great with a box of candy (as long as it’s above its long-term trend line). [How to Follow the Trends.]
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.