by Dave Moenning | September 10, 2013 11:48 am
At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.
|Company||Symbol||Industry||Stock Rating||YTD% Gain||S.T. Stop Loss|
|Tyson Foods||TSN||Packaged Foods & Meats||7.5||+53.86%||$28.40|
Tyson Foods (TSN) is our most compelling buy today due to the fact that it is a top-rated stock (in terms of earnings strength and company/industry performance). Packaged foods and meats stocks have faltered a bit as the market turned sour during the development of the Syria situation, as shown in stocks like Sanderson Farms (SAFM), Flowers Foods (FLO), ConAgra Foods (CAG) and TreeHouse Foods (THS). However, there are a few outperformers, and TSN is one of them. The stock has been straight up this year, only pulling back just recently in late August. TSN already has based just above the 50-day moving average and is on the upswing once again, so we wouldn’t wait too much longer to jump in on this stock. TSN recently hit highs just south of $32, so there is plenty of upside in the short-term. We like TSN at current prices for a run back to these levels, and a hold should it break above to new all-time highs.
At the current price (~$29.80).
Tyson Foods, Inc. is a meat protein companies and food production company. The company produces, distributes and markets chicken, beefs, pork, prepared foods and related allied products. The company’s integrated operations consist of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients.
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.
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At the time of publication the editor and affiliated companies own the following positions: None
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