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Bill Baruch, Mark Tepper Discuss Consumer Staples On 'Trading Nation'

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During Wednesday's edition of “Trading Nation,” Bill Baruch of Blue Line Futures said General Mills, Inc. (NYSE: GIS) is going through some hurdles but it's not indicative of the entire sector.

“You have a more health conscious consumer and the more healthier and natural options are weighing on their sales,” Baruch said.

He still loves Consumer Staples Sect. SPDR (NYSE: XLP) and there is a great floor to be long at $55.

Mark Tepper of Strategic Wealth Partners said you need to be selective in the consumer staples and the name he likes is PepsiCo, Inc. (NASDAQ: PEP).

“Most people think beverages when they think Pepsi, but actually our favorite business within Pepsi is Frito-Lay,” said Tepper. “Snacks is a theme worth playing and Frito-Lay is a giant that is going to drive near-term performance for them.”

Tepper would not look to buy the sector, but would be looking for specific names.

Related Links:

General Mills Falls After Q4 Sales Miss

McDonald's Hit New All-Time High After Quarter Pounder Update, Bullish Rating

Posted-In: Bill Baruch blue line futures frito-lay Mark Tepper Strategic Wealth PartnersLong Ideas Media Trading Ideas

 

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