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Weight-Loss Drugs Are Threatening Food Stocks. The Fears Are Exaggerated.

Por: MarketWatch Business October 07, 2023

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The comments appeared to unnerve investors, with the exchange-traded fund (ticker: XLP) slumping nearly 2% the next day. It’s down 3.1% for this week in response to concerns that wide adoption of the new class of weight-loss drugs could mean Americans eat and drink less. The damage to the sector continued Friday. stock (WMT) fell 1.7% to $156.41. The retailer didn’t immediately respond to a request for comment. Snack and beverage companies... + full article



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