I've noticed that the stocks of Food and Beverage companies are getting crushed over the last 3+ years. Many are down to the lowest prices in 20+ years.
Thoughts on whether this is simply a market rotation chasing tech vs a genuine collapse of CPG companies? Earnings are definitely down, but that too may be cyclical.
Examples:
\-Conagra
\-Diageo
\-Hain Celestial
\-B&G Foods
\-General Mills
\-Campbell's
\-Kraft Heinz
The only company I see at all time high is Coca Cola.