Should You Buy These 3 Food Stocks While They're Down?
It's been a tough few months for several sectors, but it's been downright brutal for food companies. Already operating on thin profit margins, a few of these names have been pushed to the brink of net losses by rising shipping rates and soaring commodity costs.
That's why shares of Campbell Soup (NYSE: CPB), Hormel Foods (NYSE: HRL), and Kraft Heinz (NASDAQ: KHC) are down 17%, 8%, and 14%, respectively, for the past six months while the broad market is firmly higher. Investors have priced in their perception of the present inflation situation.
Veteran investors know, however, that perceptions can sometimes be wrong, setting up great buying opportunities as a result. Is that the case here?
Source Fool.com
