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Surge in obesity drugs like Ozempic has pummeled big food stocks. Is it time to eat them up?

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Time to check in on the other side of the food trade after a violent sell-off.

Mr. Market is still having major digestive issues with the stocks of the world's largest food and beverage companies.) have shed an average of 13.5% in the past six months, according to numbers crunched by Yahoo Finance. The Dow Jones Industrial Average and S&P 500 are each down about 1% over the same time span.

To be sure, the base for this acceleration in obesity drug users has been established — hence the uproar in the markets for these often savory stocks. Pepsi mini sodas are displayed on shelves at a Walmart Supercenter on Dec. 6, 2022 in Austin, Texas.

 

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Surge in obesity drugs like Ozempic have pummeled big food stocks. Is it time to eat them up?Time to check in on the other side of the food trade after a violent sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »