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.
SYY's Indicator enters downward trend
The Aroon Indicator for SYY entered a downward trend on September 14, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 132 similar instances where the Aroon Indicator formed such a pattern. In of the 132 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SYY as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SYY turned negative on September 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SYY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SYY's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SYY advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
SYY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SYY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (17.301) is normal, around the industry mean (118.879). P/E Ratio (19.841) is within average values for comparable stocks, (34.903). Projected Growth (PEG Ratio) (1.680) is also within normal values, averaging (1.545). Dividend Yield (0.029) settles around the average of (0.040) among similar stocks. P/S Ratio (0.459) is also within normal values, averaging (4.086).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SYY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company that engages in the selling, marketing and distribution of food and food related products
Industry FoodDistributors
SYY and
Correlation & Price change
A.I.dvisor indicates that over the last year, SYY has been loosely correlated with PFGC. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if SYY jumps, then PFGC could also see price increases.
| Ticker / NAME | Correlation To SYY | 1D Price Change % | ||
|---|---|---|---|---|
| SYY | 100% | -3.72% | ||
| PFGC - SYY | 62% Loosely correlated | -2.00% | ||
| USFD - SYY | 59% Loosely correlated | -2.32% | ||
| CHEF - SYY | 53% Loosely correlated | -6.47% | ||
| UNFI - SYY | 37% Loosely correlated | -27.43% | ||
| SPTN - SYY | 35% Loosely correlated | -5.23% | ||
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