Egg prices are soaring. And some investors found a way to cash in — topping even the giant Magnificent Seven tech stocks.
Shares of two egg producers — Cal-Maine Foods and Vital Farms — are up 87.4% and 157.4%, respectively, in the past year, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
Those gains for these unassuming stocks not only top the SPDR S&P 500 ETF Trust's 20.9% gain. They even outstrip the 52.4% rise by the Roundhill Magnificent Seven ETF, too.
Egg Prices On Fire
The price for a dozen eggs in the U.S. is 50% higher in the past 12 months, says the U.S. Bureau of Labor Statistics. And shortages due to bird flu plus higher demand are only pushing prices up.
A dozen yolks cost $5.29 in mid-January, up more than 50% from last February, says consumer research group NIQ.
Vital Farms, which uses free-range techniques to raise eggs, is the big winner. The stock, only public since 2020, sports an RS Rating of 93. It's in the IBD 50 list of top stocks. Profit in 2023 jumped 999%. And analysts think they'll jump an additional 90% in 2024 and 8% in 2025.
Cal-Maine is no slouch either. The Ridgeland, Miss.-based company is one of the U.S.' top egg producers, with brands like Egg-Land's Best and Land O'Lakes. The stock's RS Rating is 94. Additionally, analysts think the company's profit will rise 231% in 2025.
Looks like the stock market has its new golden egg.
Egg Stocks Are Winning
| Company/ETF | Ticker | 1-year change |
|---|---|---|
| Vital Farms | VITL | 157.4% |
| Cal-Maine Foods | CALM | 87.4% |
| Roundhill Magnificent Seven | MAGS | 52.4% |
| SPDR S&P 500 ETF Trust | SPY | 20.9% |
Sources: S&P Global Market Intelligence, IBD
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