• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Conagra Brands

Remember those empty grocery store shelves during the onset of the COVID-19 pandemic?

In times of crisis, people tend to stock up on food. Therefore food companies, like Conagra Brands (NYSE: CAG), could be worth considering if you want to get ready.

Headquartered in Chicago, Conagra is deeply entrenched in the consumer packaged food industry. Its portfolio includes many iconic brands, such as Birds Eye, Marie Callender's, Healthy Choice, and Slim Jim.

Even though the pandemic-induced food hoarding has long stopped, Conagra continues to grow its business.

In the fiscal quarter that ended Nov. 27, 2022, net sales increased 8.3% while adjusted earnings per share rose 26.6% to 81 cents.

The stock is also showing its resilience: Conagra shares climbed 5% in the past 12 months, in stark contrast to the S&P 500’s 8% decline over the same period.

Trading Tips for All Levels: Avoid These 5 Expensive Mistakes

Don't let costly errors derail your trading success. Learn about the five most expensive mistakes in options trading and how to avoid them, whether you're just starting out or have years of experience. Enhance your trading strategy today and stay ahead of the game!

Learn More

Lockheed Martin

Speaking of share price performance, Lockheed Martin (NYSE: LMT) is even more impressive than Conagra: the stock is up 17% over the past year.

But this shouldn’t come as a surprise. Known for its F-35 fighter jets, Lockheed Martin is the largest defense contractor in the world by revenue. With increasing geopolitical tension, defense stocks have become the better performers in this stock market rout.

Lockheed Martin operates through four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

In Q4 of 2022, each of the four segments delivered higher net sales compared to a year ago.

For the entire company, net sales grew 7% year over year to $19.0 billion.

Going forward, the company will likely remain busy as its backlog totaled $150.0 billion as of Dec. 31.

Costco Wholesale

When people start panic buying in a doomsday situation, they won’t be buying one item at a time — they’ll be loading up in quantity.

And when it comes to selling items in bulk, one company comes to mind: Costco Wholesale (NASDAQ: COST).

In fact, Costco’s strategy of selling bulk for value not only makes it a crisis-resistant candidate but also allows it to attract value-conscious consumers before Judgment Day arrives.

In the fiscal quarter that ended Nov. 30, 2022, net sales edged up 8.1% year over year to $53.44 billion. Comparable sales, a critical measure of a retailer’s performance, increased 6.6% for the company.

Shares of the warehouse store operator are trading at similar levels compared to a year ago but long term investors probably aren’t complaining. Over the last five years, Costco stock has returned over 140%.

Sponsored

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.