Strong performance lately.
Excellent brand name with mature assets.
Defensive name that won't see major growth.
A lot of bond proxies, including staples, have been under pressure. If CPB can rise above its current trend channel, we'd see a new uptrend. That's a concern, because when things go great, then people don't need to buy staples. Also, if he sees CPB move higher and break its downtrend, then it would tell him that something big is happening, that portfolio managers are becoming cautious.
Good support at $40 and currently at $46. Not what it used to be and it's very volatile. $40 is your downside protection. Volatility and volumes have spiked. Looks like a good stock here. He would slowly enter it here.
Campbell Soup Company is a American stock, trading under the symbol CPB-N on the New York Stock Exchange (CPB). It is usually referred to as NYSE:CPB or CPB-N
In the last year, 4 stock analysts published opinions about CPB-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Campbell Soup Company.
Campbell Soup Company was recommended as a Top Pick by on . Read the latest stock experts ratings for Campbell Soup Company.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Campbell Soup Company In the last year. It is a trending stock that is worth watching.
On 2023-09-22, Campbell Soup Company (CPB-N) stock closed at a price of $42.61.
Will buy Sovos Brands for $2.7 billion all cash. Makes sense, giving Campbell's a growth engine at a time when the stock is out of favour, down 22% YTD. Buy this dip.