This week’s Momentum Trader Alert recommendation is a bet on an Arkansas-based meat processor you’ve probably come across many times in an average U.S. supermarket.
Founded in 1935 and headquartered in Springdale, Arkansas, Tyson Foods (TSN) is the world’s largest processor and marketer of chicken, beef and pork, the second-largest food company in the Fortune 500 and a member of the S&P 500. Tyson is the recognized market leader in the United States and more than 80 countries. It offers its products primarily under the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Van’s, Sara Lee, Chef Pierre, Wright, Aidells, State Fair, Gallo Salame and Golden Island brands.
Tyson Foods (TSN) versus the S&P 500 year to date.
Momentum Trader Alert Analysis
Buy Tyson Foods (TSN) at market today and place your stop at $71.50.
As the options are currently overvalued, I am holding off recommending any for this position this week.
America Movil (AMX) was a victim of last week’s sell-off and stopped out on Nov. 15 at $16.50 for a loss.
Nicholas A. Vardy