Mac & cheese, PB&J, weapons of war: What’s holding up during this market meltdown?
Processed foods and weapons of war are two sectors that appear to be doing just fine as major stock indexes fall and recession fears mount.
Slim Jim seller Conagra, Uncrustables maker J.M. Smucker, instant mac and cheese giant Kraft Heinz, and canned soup company Campbell’s are all up today and have generally been rising for the past few days amid a market downturn. Defense contractors Northrop Grumman and Lockheed Martin are also up.
As much as we hate saying we told you so, my colleagues Hyunsoo Rim and David Crowther totally saw this coming. Last week, they charted which stocks are least sensitive to an overall market crash, which included many of the stocks that are up today.
As much as we hate saying we told you so, my colleagues Hyunsoo Rim and David Crowther totally saw this coming. Last week, they charted which stocks are least sensitive to an overall market crash, which included many of the stocks that are up today.
