Sector Scan: Food Stocks

3 food stocks to stock up on, 3 to sell or play puts on

   

We’ve all got food on the brain this Thanksgiving week! There’s butternut squash to buy, turkey to brine…and targets and stops to set on these food producer stocks.

These stocks are the best candidates for option trading or short-term stock trading. They are both volatile and liquid, two important characteristics of profitable options trading.

My Power Options System is showing a mixed bag in the food area.

Problem Stocks

These stocks are in a downward trend, with huge downside potential.

  • Archer Daniels Midland Company (NYSE:ADM)
  • Chiquita Brands (NYSE:CQB)
  • Sara Lee (NYSE:SLE)

Excellent Buys/Calls

  • Heinz (NYSE:HNZ)
  • Kellogg (NYSE:K)
  • Pilgrim’s Pride (NYSE:PPC)

Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.


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