Tyson Foods TSN Herd Mentality Bounce on Bottom Trend LineHello Traders,
Here is my chart for Tyson Foods TSN. You can see the price is bouncing around inside a rising wedge and is about to touch the bottom trendline. The RSI is oversold with bull div. I expect a generic herd mentality bounce on the trendline with a target being the top trend line.
Lets see.
Tysonfoods
Tyson Foods (TSN) Analysis Company Overview:
Tyson Foods, a global leader in meat production and distribution, is well-positioned to benefit as the economy shows signs of slowing. In times of economic uncertainty, investors often turn to consumer staples like Tyson Foods as a defensive play due to their steady demand and generous dividends.
Key Highlights:
Economic Hedge: As fears of a hard landing grow, Tyson Foods stands out as a safe investment option. The company's products remain in demand even during economic downturns, making it a reliable choice for risk-averse investors.
Insider Confidence: Significant insider activity, including stock accumulation by Congress members in 2024, signals strong confidence in the company's future performance. Insiders with an informational edge are betting on Tyson’s continued success.
Dividend Growth: Tyson Foods' CEO recently announced an increase in the company’s quarterly dividend, with the 2024 dividend expected to be 2% higher than in 2023. This dividend boost reflects the board's confidence in the company’s financial health and growth prospects.
Investment Outlook:
Bullish Outlook: We are bullish on NYSE:TSN above the $54.00-$55.00 range.
Upside Potential: With an upside target of $85.00-$86.00, Tyson Foods offers a combination of defensive stability, income generation through dividends, and potential for capital appreciation, making it an attractive investment in uncertain economic times.
📈🍗 Tyson Foods—feeding your portfolio with dividends and growth potential! #TSN #Dividends 🍗💼
Tyson Foods Beats Profit Estimates After Earnings ReportTyson Foods, ( NYSE:TSN ) the largest US meat company by sales, has surpassed Wall Street expectations for second-quarter profit as it begins to reduce costs by shutting some chicken processing plants. The company's adjusted earnings of 62 cents per share for the second quarter were higher than analysts' average estimate of 39 cents. However, Tyson ( NYSE:TSN ) has been struggling with slowing demand over the last few quarters. Price-conscious customers cut back on expensive purchases and look for affordable options amid high food prices and borrowing costs.
Tyson's second-quarter net sales fell 0.5% to $13.07 billion, compared with estimates of $13.16 billion. Sales in the chicken segment, which struggled with excess supply during 2023, were down 8.3% in the quarter, even though prices fell 2.1%. Volumes dropped by 6.1%. However, volumes at the beef segment, its largest, grew for the first time in five quarters, logging a 2.8% increase. The company's pork segment also saw volumes increase by 2.9%.
The operating margin in Tyson's beef business dropped by 0.7% in the quarter, as the business has grappled with limited U.S. cattle supplies since last year. The company expects total sales to be flat in fiscal 2024, compared with the previous year's $52.88 billion.
Adjusted net income in the three months ended March 30 was 62 cents a share, exceeding even the highest of analyst estimates compiled by Bloomberg. Tyson ( NYSE:TSN ) is now making $1.4 billion to $1.8 billion in operating income in fiscal 2024, up from a previous forecast range between $1 billion and $1.5 billion. Most of Tyson's second-quarter operating profits came from its prepared foods business.
Technical Outlook
Tyson ( NYSE:TSN ) Closed Friday's trading session on a clean slate up by 1.76% with a Relative Strength Index (RSI) of 67.97 which is perfect for a good start for the week.
KHC approaching VWAP and looking to rise higher LONGKHC is a consumer staples, not a high flyng tech stock. Content to grind out a trend and take its
time, it now looks to rise from sideways action since the last earnings. It is approaching the
anchored VWAP where the big players sit waiting to pick up shares in the high volatility and
volume zone and so earn a living from other traders who are not as savvy. Rising relative
strengh supports a long trade here as does the Price Volume Trend. I find some balance with
slow and easy swing trades to offset the chaos and volatility of the IT/ AI /Technology sectors.
Food & Beverage Titans: Macro Fib SchematicsThe biggest food and beverage companies in the world consist of Nestle, Coca Cola, Pepsi, Unilever, Mondelez, Kraft Heinz, Tyson, and Hormel. These are the main ones but there are other ones as well. I have linked the rest in my other idea below. While it does not cover every single company in the group, it highlights the Main Titans of the sector.
I have shown their main products showing why they are the Titans dominating grocery stores. Especially thing like Pepsi and Coca Cola. Just for example, people do not know that they own many other brands and companies themselves.
Long Tyson TSNThis is a weird one for me. Saw a x post about them heavily investing in bug proteins and had to check the chart out. Monster megaphone pattern. Beautiful chart. F the bugs but have to punt. Buying some here for the culture. At this time I am allocating most of my capitol now to btc and high beta crypto shit coins and stocks ill probably lose everything on....but this is to good a long not to get in on. Not advise, good luck.
Tyson Foods (TYS) - Wedge BreakoutTyson food has been recently hit with supply chain issues and is currently ranging in a tight wedge.
We could see one last test of the upper band, however, the probable play is a breakout to the downside.
Note: Pay attention to $TYS news for the determination of your exit strategy as things can easily get worse or better.
Stop loss above the upper band.