What Matters Today: The major “food stocks” are bouncing, have we missed the boat?

The ASX food stocks have endured a tough time since COVID significantly underperforming the broad market, which has largely rallied strongly over recent years. However, over the last two months, after plumbing fresh 6-year lows in early 2024, the sectors enjoyed a sharp +23% advance, with only Inghams (ING) underperforming the ASX year-to-date. In contrast, old market favourite a2 Milk (A2M) is leading the charge, having rallied almost +40% so far this year. The risk/reward still looks good around current levels as the sector embarks on a correction of 3-4 years of underperformance, but we are cognisant that the 8000 level has contained the index over the last three years, i.e. now only ~2% away.

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Alerts 25/02/2026 09:58

Trade Alerts – Active Growth & Income Portfolios

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Morning report 25/02/2026 09:44

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Afternoon report 24/02/2026 17:19

The Match Out: Benign index move masks underlying volatility

Morning report 24/02/2026 09:43

What Matters Today: Three Companies that missed the mark, but has the market hit them too hard?

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Afternoon report 23/02/2026 17:30

The Match Out: US Tariff hike shrugged off early, selling intensifies through the session

The ASX drifted lower as renewed uncertainty around US trade policy weighed on risk appetite, while gold extended its rally. Markets reacted to the US Supreme Court curbing President Trump’s tariff powers, prompting him to flag a temporary 15% blanket tariff on imports. The policy whiplash lifted safe havens, pushed the Aussie dollar towards US70.9c, and reignited selling pressure in technology.

Morning report 23/02/2026 09:25

Macro Monday: Don’t panic around Trumps 15% tariffs

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Weekend report 21/02/2026 10:11

Weekend Q&A: Markets hang around all-time highs as Trump’s tariffs are thrown into limbo

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Afternoon report 20/02/2026 17:06

The Match Out: ASX holds steady near highs, QBE lifts on bumper result

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Morning report 20/02/2026 09:22

ETF Friday: Looking at Energy ETFs as Oil breaks above $US70/barrel

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Afternoon report 19/02/2026 17:28

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