(PNS reporting from WALL STREET) Summer has begun baking the country, and that means just one thing on Wall Street: A steep rise in the value of paleta stocks.
“We all look forward to a seasonal bump in the iced treats sector. This year, Navidad came early,” said Alexander Wiseman, a desserts and novelty/snack food analyst for investment bank Barney, Smith & Locke.
“The paletas de coco seem to be particularly big sellers thus far, but more conservative investors are sticking with the time-tested favorites, such as fresa and limón. Ah, nothing really cools you down like a lime paleta,” he told PNS.