Jack in the Box Looks Attractive at Current Levels

Another down week last week in the markets with record oil prices not helping matters. For the week, the DJIA was down about 4.1%, the S&P 500 down about 2.9%, and the Nasdaq down about 3.8%.

In market conditions like this, it’s good to look for defensive investments. Defensive stocks are those companies which are not highly dependent on economic cycles and the prosperity that comes and goes with them. Defensive stocks are companies providing products and services that we use or have to consume everyday. Food is a good example of this.