Goods Industry Stocks($SYY, $EBAY, $HRL...): A Notable 5.79% Gain in the Last Month 📈
The goods industry primarily encompasses producers and sellers of meat, fish, and dairy products. Many companies in this sector also delve into processed food sales. Key players in this domain include Tyson Foods, Inc., Sanderson Farms, and Hormel Foods.
Tickers in Industry - $SYY, $EBAY, $HRL, $SEB, $LWAY, $TSN, $FDP, $PPC, $CALM, $PAGS.
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Notable Companies
Leading the pack in this industry are eBay (NASDAQ:EBAY), Tyson Foods (NYSE:TSN), and Cal-Maine Foods (NASDAQ:CALM).
Market Capitalization Insights
The average market capitalization for the goods industry stands at $10.8B. Individual ticker valuations range from a modest $73.5M to a robust $35.5B. Sysco Corporation (SYY) boasts the highest valuation at $35.5B, while Dean Foods (DF) sits at the lower end, valued at $73.5M.
Price Fluctuations and Noteworthy News
The average weekly price growth for stocks in the goods theme was 1.46%. On a monthly scale, the growth was 6.39%, and quarterly, it was 7.03%. Lifeway Foods (LWAY) led with a price growth of 23.89%, while Hormel Foods (HRL) faced the steepest decline at -3.99%.
Significant Price Movements:
- 8/19/23 6:54 AM: Hormel Foods (HRL, $39.29) emerged as a top decliner, dropping by -5.55%.
- 8/5/23 7:02 AM: PagSeguro Digital (PAGS, $10.25) also faced a decline, dropping by -5.62%.
- 7/28/23 4:21 PM: eBay (EBAY, $43.66) registered a significant decline, dropping by -10.61%.
Volume Dynamics
The goods theme experienced an average weekly volume decline of -21.44%. Monthly volume growth averaged at 0.84%, and quarterly growth declined by -15.81%.
Volume Highlights:
- 6/17/23 6:45 AM: Fresh Del Monte Produce stock's volume surged, marking a record-breaking daily growth of 240% of the 65-Day Volume Moving Average.
- 4/27/23 7:42 AM: Cal-Maine Foods stock also saw a significant volume increase, with a daily growth of 216% of the 65-Day Volume Moving Average.
Fundamental Analysis Ratings
The industry's average fundamental analysis ratings, where 1 represents the best and 100 the worst, are as follows: [Data not provided]
In conclusion, the goods industry stocks have showcased a commendable performance over the past month, with an average gain of 5.79%. This sector's dynamics and performance are crucial for investors to keep an eye on in the financial landscape.
SYY - As of August 22, 2023, SYY has registered a -1.78% downward trend, marking its third consecutive day of decline. Historically, a three-day dip is often seen as a bearish indicator. Analyzing past patterns, out of 305 instances where SYY faced a three-day drop, it continued to decline in 178 cases in the subsequent month. This suggests a 58% probability of the stock's continued descent. Investors should closely monitor SYY's trajectory.
EBAY - On August 23, 2023, EBAY's Moving Average Convergence Divergence (MACD) Histogram crossed above its signal line, indicating a positive shift. Historical data reveals that when EBAY's MACD has turned positive in the past, the stock experienced an upward trajectory in 29 out of 42 instances in the succeeding month. This indicates a 69% likelihood of the stock maintaining its upward momentum. Investors should keep EBAY on their radar.
HRL - On August 15, 2023, HRL's Moving Average Convergence Divergence (MACD) Histogram shifted into negative territory. Historically, such a move is perceived as a bearish indicator for the stock. An analysis by Tickeron's A.I.dvisor, based on 46 similar past events, revealed that in 19 instances, the stock's value decreased in the subsequent days. This suggests a 41% likelihood of a downward movement for HRL in the near future. Investors are advised to proceed with caution.
