The New Highs List is still being ruled by defensive names, with the food sector offering a few stocks near buy points.

Hormel Foods (HRL) barely touched new high territory before sinking for a loss. Jennie-O Turkey, Spam, and Herdez salsa are among Hormel brands familiar to grocery store shoppers. The company has seen 10 consecutive quarters of positive earnings growth with the last four in double digits. Revenue growth, however, has shown declines the last two quarters.

The stock has moved 35% since August and most recently broke out of a five-week flat base on Monday with an read more >>>

Source : Investors.com