SMPL - Investors take shelter in food stocks amid stock market decline

Packaged food stocks are notably higher amid broad selling in the market. The S&P 500 Indes is down 1.66% and the Nasdaq is off by 2.30%, but defensive food names like BRF ([[BRFS]] +2.3%), Nomad Foods ([[NOMD]] +2.6%), Post Holdings ([[POST]] +2.4%), J.M. Smucker ([[SJM]] +1.8%), TreeHouse Foods ([[THS]] +1.9%), Darling Ingredients ([[DAR]] +1.9%), Sanderson Farms ([[SAFM]] +1.3%) and General Mills ([[GIS]] +1.2%) are allpoking out gains. Simply Good Foods ([[SMPL]] +0.1%) is the food stock with the highest Seeking Alpha Quant Rating.

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Investors take shelter in food stocks amid stock market decline