Investors are betting on food and beverage makers at this time of high inflation and economic angst — and that was very clear Monday, with several food stocks rising even as the broader market tanked again.
Stodgy consumer staples companies like food and drink makers tend to do well even during economic rough patches and market turmoil. That's because even if people cut back on discretionary spending like going out to restaurants or streaming video subscriptions, they still have to eat and it's cheaper to do so at home.
Read MoreTyson chief financial officer Stewart Glendinning said on a conference call with analysts that so far,"consumer demand has remained durable even as we worked to manage inflation through price increases" and that"category relevance has enabled continuing strong demand" even though prices have gone up. In other words: People are still eating animal protein and they're willing to pay up for it.
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