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Surge in obesity drugs like Ozempic have 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.

"Although only around 1% of U.S. adults have current prescriptions for Ozempic, Wegovy and Mounjaro, the recent acceleration in demand for these drugs for weight loss is raising profound questions about what this could mean for the future of healthcare and food and beverage consumption," pointed out veteran Bernstein analyst Alexia Howard in an exhaustive new piece of research this week.

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