Hey Insiders, Today we will look at the seven best-performing stocks in the S&P 500 from the last week. With fears of a global recession growing and inflation still rising, the S&P 500 closed at a new low for 2022. Energy stocks were among the worst performing, as well as real estate and consumer discretionary spending stocks. The one sector that did outperform markets significantly was consumer staples stocks. This is to be expected as consumers tend to stock up on non-perishable food items such as cereal, beans, and soup when they fear their purchasing power will decline. |
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 Stock to Watch: General Mills (NYSE: GIS) - This stock selling consumer staples gained nearly 7% this week.
- It has a 10% buy rating from Wall Street investors, who give it an upside of 4.2% to hit its average target price.
- The stock traded at an all-time high on Thursday as the company reported higher than expected earnings and raised its 2022 financial forecast. The increased earnings were driven by higher than expected demand for cereal, snacks, and pet food.
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 Stock to Watch: Kellogg Company (NYSE: K) - This stock selling consumer staples gained 3.3% this week.
- It has a 9.5% buy rating from Wall Street investors, who give it an upside of 0.4% to hit its average target price.
- The stock did get a bit of a boost in the fallout of the death of Queen Elizabeth II when it was revealed that she ate Special K cereal almost every morning.
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 Stock to Watch: Campbell Soup Company (NYSE: CPB) - This stock selling consumer staples gained 2.8% this week.
- It has a 5.3% buy rating from Wall Street investors, who give it a downside of 2.2% to hit its average target price.
- This was the third-best-performing stock despite a consensus that the stock should be sold and that it is currently overpriced.
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 Stock to Watch: Conagra Brands (NYSE: CAG) - This stock selling consumer staples gained 2.5% this week.
- It has an 11.8% buy rating from Wall Street investors, who give it an upside of 4.0% to hit its average target price.
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 Stock to Watch: JM Smucker Company (NYSE: SJM) - This stock selling consumer staples gained 2.3% this week.
- It has a 6.3% buy rating from Wall Street investors, who give it a downside of 1.7% to hit its average target price.
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 Stock to Watch: Hormel Foods Corporation (NYSE: HRL) - This stock selling consumer staples gained 1.9% this week.
- It has an 8.3% buy rating from Wall Street investors, who give it a downside of 0.4% to hit its average target price.
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 Stock to Watch: Hershey Company (NYSE: HSY) - This stock selling consumer staples gained 1.7% this week.
- It has a 36.4% buy rating from Wall Street investors, who give it an upside of 5.2% to hit its average target price.
- This stock lacks a consensus amongst Wall Street investors with a wide range of predictions.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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