Stock Picker Hungry for Food Products
Food-products makers are on Andrew Burkly's stock-market menu.
"We're actually seeing a lot of good pricing power in those areas," the market strategist for Brown Brothers Harriman told CNBC. "Kind of a thematic idea: If people are starting to move away from high-end dining and going out to eat, maybe they're...cooking and staying at home and eating."
Recommendations:
The names he mentions in the food-products area are Kellogg, General Mills, and H J Heinz.
What about the so-called "private label" brands, typically sold next to the brand-names in supermarkets?
"What we're seeing there is the private labels are very slow to raise their prices," he said. "(The top brands) are raising their prices much, much quicker."
Disclosures:
Disclosure information for Andrew Burkly was not immediately available.
