With inflation at a 40-year high, it is not surprising that investors in the stock market may be rotating into more defensive sectors. In detail, they may be searching for companies that have the ability to pass on higher costs to consumers.
With that, food stocks could be in focus right now as consumers will always need to eat. As a result, the demand for food will likely remain consistent despite the state of the economy. This comes as investors’ fears of a possible recession are closing in.
For the most part, food stocks include grocery stores, food distribution companies, and other companies that offer staples that consumers eat or drink. Regardless of the economic conditions, there will likely never be a lack of demand for food.
Here are four top food stocks worth checking out in the stock market today.
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