Amazon (AMZN) shares retreat after wide Q2 earnings miss >>> READ MORE

5 Stocks Ready to Bloom in Spring

Here are 2 to buy now, and 3 to watch for green shoots

    View All  

lanc185I also want to you to keep an eye on Lancaster Colony (LANC). The company makes food products — everything from salad dressing to frozen noodles. Lancaster sold its candle-making division back in January for $28 million to focus on the core food products business.

The company posted its first positive earnings surprise in a year last quarter, and the renewed focus on management could lead to more such surprises in the future. The company also just raised its dividend for the 51st year in a row!

The stock was upgraded to a “hold” by Portfolio Grader in January and future upgrades would seem likely. Wait for the stock to be upgraded to a buy in Portfolio Grader and be a buyer of this potentially powerful stock when it happens.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC