Soup: The Only Gainer Yesterday in S&P 500
09/30/2008 12:17 pm EST
Campbell Soup Company (CPB) was the only stock in positive territory yesterday in the S&P 500. Looking at the chart, it would signal a buy in any market, but when every other stock around it is headed lower, it’s definitely looking good.
It recently bounced off it’s 50-day moving average and looks poised to head higher if the rest of the market rebounds—even if just a bit.
And if the market heads lower again, you know what they say about soup—it always rises during hard economic times as it becomes a bargain food.