Food & Beverage 2023-07-14: Unchanged at "Average" strength rating (5th strongest of 9 levels), flat for eight weeks

Brian Degracia

17 Jul 2023 • 1 min read

Food & Beverage for the trading week ending 2023-07-14. Though it is the home of BUD, which has captured headlines in recent weeks, with few component stocks (except for Processed & Packaged Goods with 23 stocks) this industry will be of secondary interest.

Without much ado, this is not an industry of focus going forward except for periodic check-ins. Not a lot of excitement around here. Below there is a closer look at the largest sub-industry Processed & Packaged Goods (home of BYND/Beyond Meat).

Likely, everything that needs to be said about Food & Beverage is that it has not changed strength ratings in eight weeks.

Processed & Packaged Goods - a closer look

This is the home of big guns such as K/Kellogg, CPB/Campbell Soup, CAG/Conagra Brands, and GIS/General Mills. This sub-industry is Weak and has been treading water there for eight weeks.

BYND/Beyond Meat had a big week last week as part of a 70% increase since May 16, 2023.

Leaders and Laggards

Current strongest and weakest stocks are shown below. These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been leading the charge for their sub-industries.

Processed & Packaged Goods - a closer look

Leaders and Laggards

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