The Power Gauge Perspective on Dinosaur Nuggets

You might not think chicken nuggets have much to do with investing... That's especially true for dinosaur-shaped "Fun Nuggets." After all, they're made for kids [Chaikin PowerFeed]( The Power Gauge Perspective on Dinosaur Nuggets By Vic Lederman, editorial director, Chaikin Analytics You might not think chicken nuggets have much to do with investing... That's especially true for dinosaur-shaped "Fun Nuggets." After all, they're made for kids. But this product is a serious business for Tyson Foods (TSN). And unfortunately for the packaged-food producer, that part of its business just suffered a big setback... On Saturday, the U.S. Department of Agriculture reported that some 29-ounce packages of Tyson's dinosaur-shaped nuggets could contain metal. Specifically, according to Tyson... A limited number of consumers have reported they found small, pliable metal pieces in the product. To be safe, the company recalled nearly 30,000 pounds of chicken nuggets. A massive recall of a popular product is not what Tyson needs right now. The company's stock is down 25% this year. And it has lost more than 50% from its February 2022 peak. With a performance like that, I'm willing to bet that you could already guess the Power Gauge's take. In short, our system currently holds a "bearish" rating on the company. Today, I want to take a closer look at this situation. As you'll see, the Power Gauge believes the near-term future is bleak for Tyson. But it's not all bad news for the stock... Recommended Links: ["Exactly 1 year ago, I predicted a bank run. Here's what comes next."]( Wall Street legend Marc Chaikin predicted the 2023 bank run... the 2020 crash... warned about the 2022 bear market... the collapse of Priceline... and more. Now, he's posting an urgent new warning for 2024. He's offering you free access to a private website to prepare now. [Learn more here](. ['I Found the Answer to Retirement']( A man from New York came forward with his unique story of how he retired early and worry-free WITHOUT stocks... thanks to ONE single idea that anyone can use. Now he sees 16%-plus annual returns with legal protections... and he NEVER has to worry about another market crash again. [Get the full story right here](. Put simply, Tyson is a big deal in the chicken-production space... In fact, Tyson is the largest poultry producer by sales in the U.S. And the Arkansas-based company currently employs more than 140,000 people. But the company's market-dominating position hasn't helped its stock recently... [Chaikin PowerFeed] You'll notice that the stock has plunged over the past 21 months. It closed as high as $99.09 per share in February 2022. But it's down 53% to roughly $46.50 per share today. Tyson lost its "bullish" overall rating in the Power Gauge in the spring of 2022. And by that August, the stock was firmly underperforming the benchmark S&P 500 Index. The Power Gauge's Earnings, Technicals, and Experts categories paint a dismal picture for Tyson today. These three categories account for 15 out of the system's 20 overall factors. And the company currently earns a "bearish" or "very bearish" grade in each category. So it makes sense that Tyson receives a "bearish" overall rating... [Chaikin PowerFeed] But I want you to notice something interesting with the Financials category... Tyson currently holds a "very bullish" rating in this category. And for good reason... The company's price-to-sales ratio is 0.3 today. That means the market currently values every dollar of its sales at roughly 30 cents. In other words... Tyson's stock is extremely cheap based on its sales. I'll be watching this situation closely... Tyson's stock is in free-fall mode. We don't want to try to "catch a falling knife." And with a "bearish" rating, the Power Gauge points to more pain for the company in the short term. But the stock is undervalued right now. Today isn't a good day for dino nuggets. But tomorrow could be a good day for dino-nugget investing. Keep Tyson on your watch list for now. Good investing, Vic Lederman Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.12% 6 17 7 S&P 500 +0.22% 112 259 126 Nasdaq +0.41% 29 53 17 Small Caps -1.25% 445 1019 469 Bonds -0.97% — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are somewhat Bearish. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Real Estate +6.72% Discretionary +6.27% Information Technology +6.17% Financial +5.22% Communication +4.64% Utilities +4.26% Industrials +3.78% Health Care +3.58% Materials +3.54% Staples +1.83% Energy +0.93% * * * * Industry Focus Transportation Services 5 24 15 Over the past 6 months, the Transportation subsector (XTN) has underperformed the S&P 500 by -9.46%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #17 of 21 subsectors and has moved up 1 slot over the past week. Indicative Stocks [rating] ALGT Allegiant Travel Com [rating] LUV Southwest Airlines C [rating] SNCY Sun Country Airlines * * * * Top Movers Gainers [rating] CEG +6.54% [rating] LLY +4.82% [rating] D +4.54% [rating] BKNG +3.94% [rating] CNC +3.64% Losers [rating] PARA -7.78% [rating] MRNA -7.04% [rating] ALB -6.66% [rating] OGN -5.56% [rating] NCLH -5.07% * * * * Earnings Report Reporting Today Rating Before Open After Close DHI AKAM, CTRA APD, EMR, GEN, VTRS AXON, DVA, DVN, EBAY, EXPD, GILD, JKHY, MOS, OXY, PARA EVRG, FIS, ZBH EXR, STE No earnings reporting today. Earnings Surprises [rating] CEG Constellation Energy Corporation Q3 $1.99 Beat by $0.32 [rating] IFF International Flavors & Fragrances Inc. Q3 $0.89 Beat by $0.14 [rating] CTRA Coterra Energy Inc. Q3 $0.50 Beat by $0.07 [rating] FANG Diamondback Energy, Inc. Q3 $5.49 Beat by $0.50 [rating] O Realty Income Corporation Q3 $0.33 Beat by $0.01 * * * * You have received this e-mail as part of your subscription to PowerFeed. 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