Investors keep nibbling on foo-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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StickyRice
2022-06-28

Investors keep nibbling on food stocks as recession fears linger

Food stocks generally outperformed again on Monday as investors continue to take shelter in consumer defensive names. An upgrade from Stephens on Simply Good Foods (SMPL) to Overweight from Equal-weight and a potential asset sale for TreeHouse Foods (NYSE:THS) were also in the spotlight.

Simply Good Foods Company (SMPL) $Simply Good Foods Company(SMPL)$+6.15%, Pilgrim's Pride Corporation (PPC)$Pilgrims Pride(PPC)$+4.15%, The Chefs' Warehouse (CHEF) $Chefs' Warehouse(CHEF)$+4.11%, SpartanNash Company (SPTN) $SpartanNash(SPTN)$+3.85%, TreeHouse Foods (THS) +2.95%, G. Willi-Food International (WILC) +2.52%, AMCON Distributing Company (DIT) $Amcon Distributing(DIT)$+2.20%, United Natural Foods (UNFI) +1.84% and Sanderson Farms (SAFM) $Sanderson Farms(SAFM)$+1.75% were all

notably higher.

Per the last round of earnings reports, many packaged food sellers, meat companies, and food suppliers have passed off their higher inflation costs to consumers and customers.

Invesco Dynamic Food & Beverage ETF (PBJ) $Invesco Dynamic Food & Beverage ETF(PBJ)$has gained 5.40% in 2022 vs. the 7.54% drop for the S&P 500 Index.

# 💰Stocks to watch today?(12 Dec)

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FrankRebecca
·2022-06-28
Ok! Will take care more about PBJ! Though it's in the historial top recently.
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LeonaClemens
·2022-06-28
Holding shares of some food companies would be better maybe.
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BurnellStella
·2022-06-29
Thanks for sharing, your post is great.
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STARBUY
·2022-06-28
ok
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KhengGoR
·2022-06-28
yo
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Dollarvan
·2022-06-28
K
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AnneSeow
·2022-06-28
[Victory]
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amber capital llc
·2022-06-28
nice!
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noobiee
·2022-06-28
Coins
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Aoooo
·2022-06-28
Ok
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An upgrade from Stephens on Simply Good Foods (SMPL) to Overweight from Equal-weight and a potential asset sale for TreeHouse Foods (NYSE:THS) were also in the spotlight.</p><p>Simply Good Foods Company (SMPL) <a href=\"https://ttm.financial/S/SMPL\">$Simply Good Foods Company(SMPL)$</a>+6.15%, Pilgrim's Pride Corporation (PPC)<a href=\"https://ttm.financial/S/PPC\">$Pilgrims Pride(PPC)$</a>+4.15%, The Chefs' Warehouse (CHEF) <a href=\"https://ttm.financial/S/CHEF\">$Chefs' Warehouse(CHEF)$</a>+4.11%, SpartanNash Company (SPTN) <a href=\"https://ttm.financial/S/SPTN\">$SpartanNash(SPTN)$</a>+3.85%, TreeHouse Foods (THS) +2.95%, G. Willi-Food International (WILC) +2.52%, AMCON Distributing Company (DIT) <a href=\"https://ttm.financial/S/DIT\">$Amcon Distributing(DIT)$</a>+2.20%, United Natural Foods (UNFI) +1.84% and Sanderson Farms (SAFM) <a href=\"https://ttm.financial/S/SAFM\">$Sanderson Farms(SAFM)$</a>+1.75% were all</p><p>notably higher.</p><p>Per the last round of earnings reports, many packaged food sellers, meat companies, and food suppliers have passed off their higher inflation costs to consumers and customers.</p><p>Invesco Dynamic Food &amp; Beverage ETF (PBJ) <a href=\"https://ttm.financial/S/PBJ\">$Invesco Dynamic Food &amp; Beverage ETF(PBJ)$</a>has gained 5.40% in 2022 vs. the 7.54% drop for the S&amp;P 500 Index.</p></body></html>","text":"Investors keep nibbling on food stocks as recession fears linger Food stocks generally outperformed again on Monday as investors continue to take shelter in consumer defensive names. 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