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With Monday's 413-point rally in the Dow Jones Industrial Average, the index closed 17.5% above the sub-7900 level it hit on Friday, Oct. 10. Even the London-Interbank Offered Rate, or Libor, has dropped almost a full percentage point to 3.83% from 4.82% over the same 10-day period.
Just because panic appears to be subsiding does not mean the economy misses the rough patch. It just suggests that central banks around the world are providing an environment where businesses will be able to continue to operate based on their own fundamentals.
As investors regain their appetite to nibble on U.S. stocks under the recessionary cloud of a potential decline in third-quarter gross domestic product, here are six stocks in the food and beverage sector that TheStreet.com Ratings stock model awards A- or better buy ratings.
First, at A+, General Mills
To give yourself a break from worrying about the economy and earnings season, consider two stocks, both rated A-, that are perfect for football season. Snack on some nuts from Diamond Foods