The Biden administration has officially started targeting a small group of meat packers for hitting consumers already facing inflation hard with higher beef, pork and poultry prices.
So $1 billion was sent to independent meat producers in an effort to break up what the White House is calling a “meat packaging monopoly...”
And don’t think these fundswon’t have a major impact on food stocks…
That’s mostly because a small group of meat packers controls about 85% of the industry’s total market share. And as a result, we’ll see strong upside from one particular name in 2022.
When the stock market experiences a major sell-off, it typically doesn’t happen during the beginning of earnings season like it did this past week...
Roger’s Go-to Trade When Markets Are Volatile
January 30, 2022
We can all agree that the Nasdaq triggered most of the downward selling pressure we’re seeing, right? It’s just full of big, index-swaying names like Apple, Microsoft, Amazon, Meta (Facebook), Intel and Nvidia!
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