We recently published a list of Top 10 Trending Stocks as AI Hype Fades. In this article, we are going to take a look at where Conagra Brands, Inc. (NYSE:CAG) stands against other top trending stocks as AI hype fades.
The US stock market took a major hit recently due to tariff-related uncertainties and a broader concern about AI stock valuations. Jeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, recently talked about the latest data showing a decline in CEO sentiment amid President Donald Trump’s tariff policies.
“We’re seeing with the CEO community, it’s not just the report you had this morning on the plunge in retail sentiment, the plunge in consumer sentiment, and CEO confidence indices by other indices such as Chief Executive Magazine. But we had 100 CEOs across sectors, 60% Republican, about 30% Democrat, 10% independent, and they were overwhelmingly discouraged. There’s a lot of goodwill that had been accumulated after the election. Even though most large CEOs didn’t support President Trump, they did rally and were encouraged to go down to Mar-a-Lago to talk about company-specific issues. The same thing happened in 2017. That goodwill dissipates quickly, and it’s happening right now. 85% think these tariff moves are a disaster, even though they’re in favor of tariffs. They want selective tariffs.”
With tariff deadlines fast approaching, it would be interesting to see how the market reacts to potential changes in President Trump’s policies and stance.
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For this article, we picked 10 stocks Wall Street analysts were discussing lately. With each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Funds Investors: 26
Dale Smothers from RDS Wealth named Conagra Brands, Inc. (NYSE:CAG) among the top defensive stocks to buy to offset the ongoing market volatility.
“We like this barbell approach because the overall market is still going to see some turbulence with things that are going on with the administration currently. I think, for the short term, you need to hold names that would be defensive—things like ConAgra Foods ..Two weeks ago, we were calling these names out on this program, and since then, it’s as if we’ve had a crystal ball. I think that we should continue to add to those positions because they pay strong dividends, they’ve got phenomenal track records in volatile times just like this, and again, they will see growth until it becomes out of favor. That’s where we have this barbell approach for names that are suffering major hits in the MAG 7 and again leading the stock market, the overall S&P 500, downward.”
Overall, CAG ranks 10th on our list of top trending stocks as AI hype fades. While we acknowledge the potential of CAG, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CAG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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