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Despite the broad market sell-off today, Imperial Sugar Company responded favorably to its earnings report on Tuesday. Looking at other confectioners, we could easily see capital developing a sweet tooth as it rotates out of materials and commodities, such as sugar, and into the firms that use them as inputs. Moreover, the confectioners tend to be defensive in nature, making them attractive options for investors seeking to lower their beta as we head into the summer.
See my analysis and price triggers on the annotated charts below.
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Chess, take a look at Nestle. NSRGY on the pink sheets. I bought at 54 and have been holding. I think it is solid fundamentally and technically.
Your IPSU call is ripping, well done
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