Buy A Food Stock? Now? In The Middle Of This Tech Rally?
This is a Post from the Symbol Surfing Blog from Thu, Jun 7, 2018.
"The company is the world's second largest processor and marketer of chicken, beef, and pork after JBS S.A. and annually exports the largest percentage of beef out of the United States."
Tyson Foods is up about 5% since it's recent earnings announcement and it looks like the stock price is close to a long-term support trendline.
TSN has a strong dividend payment history as well.
Many of the other food stocks have not fared very well over the past year.
Meanwhile, Tyson is up 16% over the past 12 months even after the 17% decline after reaching a record high in December of 2017.
With all that said, I think this looks good.
Let me know in the comments section!
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