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Food stocks track higher

  • Packaged food stocks are having a huge day after J.M. Smucker (SJM +9.9%) blew past earnings estimates and Wal-Mart's number hinted at strong underlying retail demand.
  • Gainers include Campbell Soup (CPB +4%), B&G Foods (BGS +4.2%), McCormick & Company (MKC +3.2%), Snyder's-Lance (LNCE +3.1%), Flower Foods (FLO +3.3%), Treehouse Foods (THS +2.2%), J&J Snack Foods (JJSF +2.7%), General Mills (GIS +2.2%), Amplify Snack Brands (BETR +5.3%), Hain Celestial (HAIN +4.8%), Post Holdings (POST +2.3%), Pinnacle Foods (PF +2.1%) and Hostess Brands (TWNK +1.9%).
  • Many of the food names are tracking back from losses piled up earlier in the week after Whole Foods dropped prices.
  • Previously: J.M. Smucker higher on earnings beat (Nov. 16)
  • Previously: Wal-Mart races to all-time high (Nov. 16)
  • Related ETF: PBJ.

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SJM--
The J. M. Smucker Company