Food-related stocks, be they grocers like Kroger Co (NYSE:KR) or manufacturers like Kraft Foods Group Inc (NASDAQ:KRFT), have been getting attention for great year-to-date performance. However, Kroger and Kraft aren’t the only grocery and food stocks flying off the shelves.
Sprouts Farmers Market Inc (NASDAQ:SFM), The Fresh Market Inc (NASDAQ:TFM) and WhiteWave Foods Co (NYSE:WWAV) are showing strong technical signals that are definitely worth some attention.
My Turner Analytics system, which uses sophisticated software and tools to screen more than 6,000 stocks and exchange-traded funds based on fundamental and technical research, has flagged all three of these grocery stocks as “strong buys” right now.
Turner Analytics is unlike any other trade-timing tool out there, marrying both fundamental and technical analysis to zero in on big winners. My fundamental components include an analysis of a company’s financials and operations that will drive up the demand for shares, while my technical ratings tell you exactly when to buy and when to sell.
Just today, for example, my market-timing trade-bias research is screaming that there is a big potential in the food industry right now. This area of the market is flashing a strong bullish rating via my Turner Analytics tool, meaning there is a tailwind for every company in this segment of the market. And on top of that, among grocery stocks and packaged food companies, my system has identified some very strong stocks right now that have even more potential than their peers.
Take a look at the charts on these promising winners!
3 Grocery Stocks to Buy: Sprouts Farmers Market Inc (SFM)
Sprouts Farmers Market Inc (NASDAQ:SFM) is in the budding business of natural and organic food, which has become a force to be reckoned with as health trends sweep the nation. SFM is scheduled to report earnings after market close on May 7, and Sprouts Farmers Market’s chart is looking good.
While SFM is on the decline today, my Turner Analytics tool shows excellent quarter-over-quarter and year-over-year earnings growth for SFM, and Sprouts Farmers Market currently is sporting a very high technical score.
3 Grocery Stocks to Buy: The Fresh Market Inc (TFM)
The Fresh Market Inc (NASDAQ:TFM) is a grocery chain that offers customers quality, fresh food. TFM is up 5% in the last year, though has come across some difficulties in 2015, off some 8%.
However, my Turner Analytics tool shows great multiyear revenue growth and return on equity scores for TFM, as well as a high technical score.
3 Grocery Stocks to Buy: WhiteWave Foods Co (WWAV)
WhiteWave Foods Co (NYSE:WWAV) is not a grocery store, but rather produces plant-based packaged food and beverages. WWAV is up 30% year-to-date and shows no sign of slowing down anytime soon.
My Turner Analytics tool shows excellent quarter-over-quarter earnings and revenue growth and good year-over-year growth for WWAV.
WhiteWave Foods is scheduled to report earnings on May 8.
Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software system that creates time-cycle forecasting charts. He is also the editor of Signal Investor.
