Stock Picks: Food Distribution (UNFI)

May 14, 2021, 10:09 am EDT

Food Distribution (UNFI)

United Natural Foods Inc (UNFI) is the largest publicly traded wholesale distributor delivering healthier food options to people throughout the United States and Canada. 

COVID-19 stirs up the demand for both natural foods and food distribution because people care more about healthy bodies and work-from-home conditions.  

Sometimes, people thought food-related industries are slow growth in terms of stock performance. But, UNFI may surprise you with more than +100% price gains (from 16 to 37) in 2021 or less than 6 months. It is one of the strongest stocks in the stock markets. 

Its convergence pattern provides an ideal entry point at 37 and the sell-stop can be set at 34.

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