February 18, 2022, 3:08 pm EST
Food packaging and machine automation are some of the must-existed businesses for months or years to come regardless of market condition. It is essential during the pandemic or post-pandemic era that food preservation and package become critical for safety and protection.
Sealed Air Corp (SEE) is the stock that makes a 52-week high today with a solid uptrend and strong earnings. When many well-known stocks are down -20% today (ROKU, RDFN, DKNG) with many falling stars (FB, ZM, NFLX, PYPL, ARKK, etc), it is easy to spot the strength of SEE to stand out strong during the tough market condition.
Yesterday’s earning report consisted of +14% sales growth and +26% earning growth that was impressive results for the 10 billion market cap company. One year’s stock performance return was +63%.
Technically, SEE shows its endurance and strength when all major indexes are below 20, 50, 200 day-moving-average. See keeps making uptrend and new highs. Entry point and protective stop are 70 and 63, respectively.