Big Call Screening: The Hershey, Novo Nordisk, Münchener Rück, Rational

The US chocolate manufacturer Hershey's, like many competitors, has recently suffered from the massive price increases in cocoa and sugar. Meanwhile, the price pressure is significantly easing, which, thanks to its diverse brand portfolio (Hershey's, Hershey's Kisses, Reese's, KitKat (US license), Almond Joy, Cadbury), provides the US industry leader with strong prospects in its core operational business. As the company has successfully optimized its cost base recently through cost-cutting measures and restructuring, this should also sustainably...