GIS - General Mills: Potential For Long-Term Value And Returns For Investors
2024-02-10 08:05:00 ET
Summary
- The market has been favoring tech stocks and AI-related stocks, but investing in beaten down sectors like Consumer Staples provides balance and downside protection.
- General Mills is one such beaten-down name, despite robust revenue growth and strong profitability in recent years.
- GIS has shown favorable margin growth and is expected to achieve 4-5% annual EPS growth, making it a compelling buying opportunity at its current discounted valuation.
The past 12 months have been great for the 'Magnificent 7' tech stocks and Al-related stocks as the market appears willing to continually chase these names to higher highs. For how much longer this rally may last, especially with Al names like Nvidia ( NVDA ), is anyone's guess, and it wouldn't be fun if and when the music stops....
General Mills: Potential For Long-Term Value And Returns For Investors