Shares of food and consumer staples stocks are trading higher. Strength may be due to risk-off sentiment amid weakness in tech and macro uncertainty.
Portfolio Pulse from Benzinga Newsdesk
Food and consumer staples stocks are trading higher, possibly due to risk-off sentiment amid weakness in tech and macro uncertainty. Companies like CPB, GIS, and HRL are mentioned.
October 25, 2023 | 7:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Campbell Soup Company (CPB) shares are trading higher due to risk-off sentiment amid tech weakness and macro uncertainty.
Investors are moving towards safer stocks like CPB due to uncertainty in the tech sector and macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
General Mills, Inc. (GIS) shares are trading higher due to risk-off sentiment amid tech weakness and macro uncertainty.
Investors are moving towards safer stocks like GIS due to uncertainty in the tech sector and macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Hormel Foods Corporation (HRL) shares are trading higher due to risk-off sentiment amid tech weakness and macro uncertainty.
Investors are moving towards safer stocks like HRL due to uncertainty in the tech sector and macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100