As Passover has passed and Easter is upon us, it’s time to splurge on some chocolate bunnies for those you love. Is the related cocoa exchange traded note (ETN) going to find a sweet surprise rally?
Claire Thomas for Huffington Post reports that the latest craze in Easter chocolates is going gourmet, from chocolate-dipped peeps to milk chocolate truffles made with aged rum and caramel ganache. High quality is in. [Coo-Coo for Cocoa ETN.]
Chocolate isn’t just delicious; it may also be good for you and your heart. An extensive study by German scientists concluded that over a decade, those who consumed chocolate, and ate a lot of it, benefited the most. Darren Little for Sky News reports that experts found that eating 7.5 grams of dark chocolate could reduce your risk of stroke by 39% and could also lead to lower blood pressure. And apparently, the purest, most expensive chocolate is the best for you. [How Cocoa ETN Can Sweeten Your Portfolio.]
Whatever chocolate you decide to eat or give, flavonol your way to a Happy Easter anyway!
ETFs that are getting an Easter surprise:
- iPath Dow Jones AIG Cocoa ETN (NYSEArca: NIB)
- PowerShares Dynamic Food And Beverage (NYSEArca: PBJ)holds 4.6% in Kraft
- Vanguard Consumer Staples ETF (NYSEArca: VDC) has a 3.8% weighting in Kraft
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.