US Foods Holding (USFD) hits lower rail of...

Rick Pendergraft

published in Blogs

Jun 28, 2019

US Foods Holding (USFD) hits lower rail of channel, gets bullish signal

Wholesale food distributor US Foods Holding (NYSE: USFD) has been trending higher since last November. A trend channel has formed in the last seven months with the lower rail connecting the lows from November, December, May, and now June. A parallel upper rail connects the highs from November, February, and May. The stock just hit the lower rail of the channel and looks to bounce back from a recent pullback.

One other development from the chart is the fact that the daily stochastic readings dropped down below the 30 level and made a bullish crossover on June 26. The indicators didn’t quite reach oversold territory, but the crossover could act as a bullish sign.

The Tickeron Trend Prediction Engine generated a bullish signal for US Foods on June 24. The signal showed a confidence level of 63% and it calls for a gain of at least 4% over the next month. Past predictions on the stock have been successful 76% of the time.

The company’s fundamentals are somewhat mixed at this time. The company has been able to grow earnings at a rate of 27% per year over the last three years and they grew by 6% in the most recent quarter. Unfortunately, sales have only grown by 2% per year over the last three years. The company’s profit margin is also below average at 2.6%.

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Sergey Savastiouk

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If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

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Abhoy Sarkar

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Abhoy Sarkar

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US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.