Headwinds of persistently high inflation, tight monetary policy, and concerns of a looming recession have put industries under pressure. With food companies expected to face margin pressure from rising raw material costs, investors could look to sell fundamentally weak food stocks BRC Inc. (BRCC) and Save Foods, Inc. (SVFD) before they spoil further.
Although the latest CPI report signaled a cooling of inflation, it still remains well above the Federal Reserve’s target of 2%. A strong jobs growth in March and high inflation will likely bring further rate hikes by the Federal Reserve, increasing fears of the economy falling into a recession.
