HSBC: Nestle's stock price cools down, investors turn away from essential consumer goods stocks.

Analysts at HSBC wrote in a report that the market enthusiasm sparked by Nestle's third-quarter sales data has proven to be short-lived, as many investors are turning away from essential consumer goods stocks, causing the stock's gains to continuously narrow. These analysts wrote that Nestle's full-year performance to be announced around the end of February may provide an opportunity to prove to investors that they have a more solid foundation. They stated that if Nestle expands its capacity in the pet care business and improves business execution across the board, its genuine internal growth could benefit. The stock fell by 0.2% to 75.26 Swiss Francs.