Monster Beverage Got a Boost as Soda Stocks Lead the S&P 500

Soda stocks were popping with Monster Beverage Corp. leading the way on Wednesday, making it TheStreet's Move of the Day. Shares of the energy drink company have been getting a boost, as investors are seeing signs of inflation in consumer companies. Over the past month, the beverage industry within the S&P 500 has been the single best performing group on a one month basis. In August, one of the industry giants, The Coca-Cola Company agreed to pay $2.15 billion dollars in cash for a 16.7% stake in Monster Beverage. As part of the deal, Monster gave Coca-Cola ownership of its non-energy drinks division, and in return Coca-Cola transferred its energy-drink brands to Monster. Shares of Monster Beverage climbed and traded on nearly twice its average volume.