Campbell Soup Co (CPB) I will buy now. My invest idea
Campbell Soup Co. may weather the coronavirus storm better than others -- and might even see a boost to revenue. I will invest immediately. Possible drawdown up to 45-47 dollars per share.
The Department of Homeland Security recommends stocking up on a two-week supply of food and water in preparation for a pandemic. That advice may drive consumers to buy Campbell's soups, or the company's Prego sauces, SpaghettiOs, and snacks like Cape Cod chips. In an interview with CNBC last week, Campbell's chief executive officer said the company was lifting production as a result of the outbreak and said demand from retailers rose over the weekend. Consumer stockpiling bodes well for Campbell's sales in the current quarter as people tend to stock up on foods that can be stored over time and easily prepared, such as canned goods.
The Department of Homeland Security recommends stocking up on a two-week supply of food and water in preparation for a pandemic. That advice may drive consumers to buy Campbell's soups, or the company's Prego sauces, SpaghettiOs, and snacks like Cape Cod chips. In an interview with CNBC last week, Campbell's chief executive officer said the company was lifting production as a result of the outbreak and said demand from retailers rose over the weekend. Consumer stockpiling bodes well for Campbell's sales in the current quarter as people tend to stock up on foods that can be stored over time and easily prepared, such as canned goods.