A Beer War is Brewing
Posted on July 30, 2008 at 23:35 PM EDT
Weaker markets always seem to make Consumer Staples stocks look more attractive. But where are the best buys in this group? We met with Zacks senior analyst Steven Ralston, CFA to find out. How have any companies under your coverage versus expectations thus far? In the industries under my coverage, 14 companies have reported earnings for the second calendar quarter. Half of the companies reported upside surprises resulting in the stocks rallying between 5% and 9% on the day of the earnings report. I discern two significant pieces of information from these earnings reports and the subsequent stock reaction: 1) stocks have declined to an attractive level from which any good news sparks a significant rally, and 2) the operations of [More...]
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