Why Consumer Staples Stocks Lamb Weston, Conagra, and Philip Morris Rallied Today Even as the Market Plunged

Shares of consumer staples giants Lamb Weston (LW 9.95%), Conagra (CAG 1.23%), and Philip Morris International (PM 3.96%) all rallied today, up 9.7%, 1.5%, and 4%, respectively. The results were all the more notable as the S&P 500 index plunged 4.8% following yesterday's tariff announcements. Lamb Weston is a large producer and distributor of frozen potato products to restaurants and supermarkets -- essentially, french fries. Conagra sells branded food products under various familiar brands like Slim Jim, H ...