brands why do you like conagra brands and how long do you expect the inflation to persist >> sure. so we're not sure how long it will take place, six months or six years. we hope it's the shorter and not the longer conagra has strong market foods but the inflation is there we think they can offset that, albeit with a lag, because their peers will have to offset prices as well and that will give them room to raise prices as well the company has a good balance sheet at 3.8% dividend yield and we think their pricing will catch up with the supply change induced inflation. but it's a pretty cheap valuation. >> let's talk about advanced autoparts. this is a sector in and of itself that a lot of people favor right now for reasons having to do with the age of the average car and the desirability of buying used cars right now because new cars are really hard to get so are used ones but i usually hear about o'reilly and autozone, less so about advanced what makes this your choice compared with those? >> that's right. a lot of it is surrounding valuation and the opportunity as value investors

. >>> welcome back to "power lunch,"names like tyson, conagra, kraft hines are among the names leadinghines almost 3% higher tyson almost 4% higher they are more defensive areas of the market stocks like these lost earlier in the year. coning aa, kraft, and jm smucker still 10% off of their highs from the early half of this year, but continuing their streak. >> those consumer staples getting sexy >> who said they weren't. >> food processing. >>> a record year for ipos warby parker the latest to go public today as a direct listing. so far this year we have seen 309 ipos raising $105 billion. 445 spacs raising $115 billion and six direct listings bringing in $53 billion that's a lot of money. but the renaissance teach tracking those particular ipos, the recent ones are basically flat on the year as you can see on the right-hand side of the screen compared to stronger gains in the markets overall kathy smith is the manager of the renaissance ipo etf. the particularer is ipo of all things, kathy. what's going on here why are the ipos lagging it seems that's not a good sentiment for the ove

campbell's soup, conagra, j&j, kelloggs, kraft heinz, all these companies are going to be facing supply issues and rising costs because the cost of food and transportation is going to be going through the roof. liz: yeah. i like the idea where you triangulate who also manufactures in vietnam which, by the way, tom hayes, this was the big message during the trump administration of go figure out over countries, you know, on which you can start building your factories, and everybody fled to vietnam, ask and now look what happened. there are complications everywhere. >> yeah. no question, liz. and you're seeing a number of these companies trading in sympathy on the same weakness, so under armour, crocs, which has been a high flier, has some manufacturing in vietnam, can deckers, and then the distributers like dick's which you had mentioned. they host 10 weeks of production, their shipping times have doubled from 40 days to 80 days. however, the demand is there, and that's something that we immediate to keep in mind because when these events happen, it creates opportunity. am i saying to jum

outperformers yesterday that includes many of the food processors within the consumer staple center like conagral even as we see some recovery, the more defensive areas of the market still getting some increased attention. keep it right here more "squawk on the street" straight ahead stay with us trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim trading™ is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim trading™ from td ameritrade. we see smarter software delivering cleaner power. emerson's breakthrough technology enables the power industry to integrate renewable energy sources to modernize and improve the electric grid. emerson. consider it solved. the personal loan from sofi helped me consolidate my credit card debt into one simple monthly payment.