Five food stocks to purchase for plumbing up portfolios highlight a frozen potato provider, a chocolate maker, the owner of Frito-Lay and Quaker Oats, a cheese and ketchup conglomerate, and a provider of premium sauces.
The war Russia is waging in Ukraine is not stopping any of the food stocks from beefing up amid the market mayhem. People always need nourishment, so they tend to cut back consumption of luxuries rather than necessities.
Five food stocks to purchase for plumbing up portfolios are featured on a list of recommendations from BofA Global Research. The first favorite also is a strong recommendation of former Wall Street veteran Bryan Perry.leader of the Cash Machine investment newsletter and the Breakout Options Alert trading service. He recommended Lamb Weston July $100 call options in the latter service that have jumped 45.7% since last January. The Lamb Weston (NYSE: LW) stock is up 12.23% so far this year and 50.49% in the last year, as of Friday afternoon, Feb. 17.
Paul Dykewicz interviews Bryan Perry, head of Breakout Options Alert.
Five Food Stocks to Purchase for Plumping up Portfolios Led by Lamb Weston
Lamb Weston Holdings, Inc., of Eagle, Idaho, supplies frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers worldwide. For more than 60 years, Lamb Weston has sought to introduce uniquely presented products distributed to more than 100 countries.
The company has manufacturing operations in the Pacific Northwest, mainly in the Columbia River Basin, possibly the world’s best potato-growing region. Lamb Weston employs more than 7,000 people worldwide in sales offices, manufacturing plants and corporate offices.
BofA gave Lamb Weston Holdings a price objective of $115, a premium to the packaged food index. The investment firm wrote that the higher valuation compared to peer companies is warranted, since Lamb Weston is poised to approach pre-COVID levels with favorable demand trends and margin potential in fiscal year 2023 and 2024.
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Seeking Alpha, Guru Focus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Special Holiday Offer: Paul is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The uplifting book is great gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others. Call 202-677-4457 for special pricing on multiple-book purchases.
