It appears consumers ability to continue to absorb all of inflationary impact is slowing, says Greg Portell. He and Kevin Green discuss General Mills (GIS) earnings. They talk about the key takeaways from GIS’s earnings including that GIS beat earnings and raised its fiscal year outlook. Kevin notes that GIS’s pricing power pushed organic sales by 10% even as the amount of food sold dropped year over year. They then go over consumer staples stocks to watch such as Kellogg (K), Campbell Soup (CPB), and Mondelez (MDLZ). Tune in to find out more about the stock market today.
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