Squawk on the Street SOTS 2nd Hour: Navigating Q2, Today's Deals To Watch, & LIVE: Hershey CEO 3/31/26
Mar 31, 2026
Kirk Tanner, CEO of The Hershey Company, on strategy, portfolio moves, and investor-day highlights. Adam Parker, founder of Trivaria Research, with a Q2 playbook and sector-level investment calls. They talk pricing, cocoa and input costs, GLP-1 effects on snacks, major grocery M&A, NVIDIA-Marvell news, and market positioning for the quarter.
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Consumer Confidence Shows Resilience In March
- Consumer confidence surprised to the upside in March with a 91.8 reading, indicating resilient sentiment despite recent shocks.
- Rick Santelli highlighted the present situation index at 123.3 and expectations at 70.9, showing strength in current conditions even as expectations lag.
Higher Gas Still Bites Even With Smaller Wallet Share
- Gas prices crossed $4/gallon nationally and are about $1 higher than last month, creating sticker shock for consumers at the pump.
- Sarah Eisen noted energy's share of wallet has fallen below 4% per Bank of America, muting but not eliminating the economic impact.
Resilience In Earnings Offsets Valuation Compression
- Ed Yardeni argued markets and consumers remain remarkably resilient despite geopolitical shocks and recent volatility.
- He sees forward S&P earnings up ~8% while the market is down ~8%, implying recent weakness is largely valuation compression.