3 Stocks to Buy on Solid Jump in Online Grocery Sales

Zacks08-20

Inflation has been cooling as food prices have eased substantially over the past few months. Consumer spending on necessities showed resilience last month, with online grocery sales ticking up again. ...

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Consumer spending on necessities showed resilience last month, with online grocery sales ticking up again.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-stocks-buy-solid-jump-122900728.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Buy on Solid Jump in Online Grocery Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Buy on Solid Jump in Online Grocery Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-20 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/3-stocks-buy-solid-jump-122900728.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inflation has been cooling as food prices have eased substantially over the past few months. Consumer spending on necessities showed resilience last month, with online grocery sales ticking up again.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-stocks-buy-solid-jump-122900728.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INGR","symbol_name":"宜瑞安","start_time":0,"source_url":"https://finance.yahoo.com/news/3-stocks-buy-solid-jump-122900728.html","article_id":"2460004913","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/BF9HzDwcZ47YMO6rYgI4Ew--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/427fd3b750b73691d9bb64304bd3840e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2460004913","pubTimestamp":1724156940,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"According to the monthly Brick Meets Click/Mercatus Grocery Shopper Survey, online grocery sales in July totaled $7.9 billion, climbing 9.2% year over year.Delivery sales jumped a whopping 22% in July, driven by continued promotional efforts. Ship-to-home also came in impressive, increasing 6%, while pickup remained steady year over year.Major grocery retailers are putting in more effort to strengthen their delivery arm and offering solid discounts on their delivery programs, which has been boosting online grocery sales.The solid jump in grocery sales comes as the overall retail sector staged a solid rebound in July. The Commerce Department said that retail sales gained 1% in July after declining 0.2% in the prior month and beating analysts’ expectation of a rise 0.3%.Although inflation remains a concern, it has declined substantially, aiding consumer spending. Moreover, groceries are essentials and consumers can’t cut down on spending on staples.The Federal Reserve is now gearing up t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"INGR":"宜瑞安","PPC":"Pilgrim’s Pride Corporation"},"translate_title":"在线杂货销售强劲增长值得买入的3只股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INGR":0.9,"PPC":0.9},"content_text":"Inflation has been cooling as food prices have eased substantially over the past few months. Consumer spending on necessities showed resilience last month, with online grocery sales ticking up again.\nAccording to the monthly Brick Meets Click/Mercatus Grocery Shopper Survey, online grocery sales in July totaled $7.9 billion, climbing 9.2% year over year.  \nDelivery sales jumped a whopping 22% in July, driven by continued promotional efforts. Ship-to-home also came in impressive, increasing 6%, while pickup remained steady year over year.\nMajor grocery retailers are putting in more effort to strengthen their delivery arm and offering solid discounts on their delivery programs, which has been boosting online grocery sales.\nThe solid jump in grocery sales comes as the overall retail sector staged a solid rebound in July. The Commerce Department said that retail sales gained 1% in July after declining 0.2% in the prior month and beating analysts’ expectation of a rise 0.3%.\nAlthough inflation remains a concern, it has declined substantially, aiding consumer spending. Moreover, groceries are essentials and consumers can’t cut down on spending on staples.\nThe Federal Reserve is now gearing up to cut rates, with the first rate cut likely coming in September. Markets are pricing in a 50-basis point rate cut in September.\nLower interest rates will allow consumers to spend more freely as it will ease borrowing costs.\nGiven this situation, investing in grocery stocks with a strong online presence would be a wise decision.\nOur Picks\nWe have narrowed our search to three grocery stocks such as Vital Farms, Inc. VITL, Pilgrim's Pride Corporation PPC and Ingredion Incorporated INGR that have strong potential for 2024.\nThese stocks have seen positive earnings estimate revisions in the last 60 days. Each of the stocks has a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nVital Farms, Inc. offers a range of produced pasture-raised foods. VITL’s products, including shell eggs, butter, hard-boiled eggs, ghee and liquid whole eggs.\nVital Farms’ expected earnings growth rate for the current year is 88.1%. The Zacks Consensus Estimate for current-year earnings has improved 18.1% over the past 60 days. VITL presently carries a Zacks Rank #2.\nPilgrim's Pride Corporation is focusing on strengthening its Prepared Foods category. PPC has been increasing its product mix for organic category, including No-Antibiotics-Ever products, to cater to customers' evolving tastes.\nPilgrim's Pride’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 12.7% over the past 60 days. PPC currently sports a Zacks Rank #1.\nIngredion Incorporated is an ingredients solutions provider, specializing in nature-based sweeteners, starches and nutrition ingredients. INGR serves diverse sectors in food, beverage, brewing, pharmaceuticals and other industries.\nIngredion’s expected earnings growth rate for the current year is 5.6%. The Zacks Consensus Estimate for current-year earnings has improved 2.6% over the past 60 days. INGR currently has a Zacks Rank #2.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPilgrim's Pride Corporation (PPC) : Free Stock Analysis Report\nIngredion Incorporated (INGR) : Free Stock Analysis Report\nVital Farms, Inc. (VITL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460004913"}