We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hormel Foods Corporation’s (HRL - Free Report) popular turkey product offering brand, Jennie-O, recently launched its JENNIE-O All-Natural Turkey Sausages. This new product category is a perfect add-on for breakfast, lunch as well as dinner of all food lovers.
The Consumer Confidence Index has moved north 3.9% from Nov 2016 to Dec 2016; per the reports of The Conference Board. Hence, we believe that companies belonging to the consumer staples sector are likely to witness higher sales in the quarters ahead.
Among the numerous potential gainers, adding Hormel Foods’ stock to your portfolio would likely be a safe investment bet at the moment. Since the beginning of 2017, shares of this Zacks Rank #2 (Buy) stock recorded a return of 2.21%, as against the negative return of 1.53% provided by the Zacks categorized Food Market industry.
What’s New?
Jennie-O brands’ new All-Natural Turkey Sausages is a superior substitute of traditional pork sausage. The company stated that these sausages are not only good to taste, but also contain less fat and comprise ingredients such as good quality turkey, sugar, salt, rosemary extract and a perfect blend of spices. Notably, these sausages are minimally processed and completely free from common preservatives, like Butylated hydroxytoluene (‘BHT’) and Butylated hydroxyanisole (‘BHA’).
In-Trend Product Launch
As per the NPD Group, as of Dec 2015, more than 30% of consumers in the U.S. are vigilant about serving foods with preservatives. Additionally, the 2016 “Report on Eating Patterns in America" indicates that majority consumers in the country have maximum focus on food purity. Individuals are seeking minimally processed natural food products.
Hence, we believe that Hormel Foods’ latest JENNIE-O All-Natural Turkey Sausages would secure a solid response in the market. This, in turn, is likely to boost the company’s near-term sales.
Stocks that Warrant a Look
Some other favorably placed stocks in the industry are listed below:
Calavo Growers, Inc. (CVGW - Free Report) also sports a Zacks Rank #1 and witnessed an average earnings surprise of 11.81% over the trailing four quarters.
Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) , currently carrying a Zacks Rank #1, has an average earnings surprise of 17.64% for the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Hormel Foods' Jennie-O Brand Introduces Turkey Sausages
Hormel Foods Corporation’s (HRL - Free Report) popular turkey product offering brand, Jennie-O, recently launched its JENNIE-O All-Natural Turkey Sausages. This new product category is a perfect add-on for breakfast, lunch as well as dinner of all food lovers.
The Consumer Confidence Index has moved north 3.9% from Nov 2016 to Dec 2016; per the reports of The Conference Board. Hence, we believe that companies belonging to the consumer staples sector are likely to witness higher sales in the quarters ahead.
Among the numerous potential gainers, adding Hormel Foods’ stock to your portfolio would likely be a safe investment bet at the moment. Since the beginning of 2017, shares of this Zacks Rank #2 (Buy) stock recorded a return of 2.21%, as against the negative return of 1.53% provided by the Zacks categorized Food Market industry.
What’s New?
Jennie-O brands’ new All-Natural Turkey Sausages is a superior substitute of traditional pork sausage. The company stated that these sausages are not only good to taste, but also contain less fat and comprise ingredients such as good quality turkey, sugar, salt, rosemary extract and a perfect blend of spices. Notably, these sausages are minimally processed and completely free from common preservatives, like Butylated hydroxytoluene (‘BHT’) and Butylated hydroxyanisole (‘BHA’).
In-Trend Product Launch
As per the NPD Group, as of Dec 2015, more than 30% of consumers in the U.S. are vigilant about serving foods with preservatives. Additionally, the 2016 “Report on Eating Patterns in America" indicates that majority consumers in the country have maximum focus on food purity. Individuals are seeking minimally processed natural food products.
Hence, we believe that Hormel Foods’ latest JENNIE-O All-Natural Turkey Sausages would secure a solid response in the market. This, in turn, is likely to boost the company’s near-term sales.
Stocks that Warrant a Look
Some other favorably placed stocks in the industry are listed below:
B&G Foods, Inc. (BGS - Free Report) , which has recorded an average earnings surprise of 12.16% for the last four quarters, currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Calavo Growers, Inc. (CVGW - Free Report) also sports a Zacks Rank #1 and witnessed an average earnings surprise of 11.81% over the trailing four quarters.
Ollie's Bargain Outlet Holdings, Inc. (OLLI - Free Report) , currently carrying a Zacks Rank #1, has an average earnings surprise of 17.64% for the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>