Best Blue Chip Stock – H.J. Heinz (HNZ)
Picked by: Louis Navellier, editor of Blue Chip Growth
Strategy: Large-cap growth stocks
H.J. Heinz Co. (HNZ) has expanded beyond its original 57 varieties and now has thousands of products. In addition to regular consumers, the company’s customers include the food service industry, food retailers and the U.S. military. Heinz’s other brands (besides ketchup) include, Lea & Perrins Worcestershire sauce, Classico pasta sauces, Ore-Ida frozen potatoes, as well as restaurant chains Boston Market, T.G.I. Friday’s and Weight Watchers frozen foods. It its previous earnings report, the company’s sales in Asia and Europe rose 41% and 12% respectively. The stock clearly is benefiting from its booming overseas operations and should post another strong report on May 27.
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