We recently compiled a list of the 10 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where Tyson Foods, Inc. (NYSE:TSN) stands against the other stocks on Jim Cramer’s radar.
Jim Cramer, the host of Mad Money, recently shared his outlook for Wall Street, focusing on earnings reports. On Friday, he highlighted how the S&P 500 surged toward 6,000 in almost a straight line, a remarkable rally driven by overwhelming buying and a lack of selling. Cramer noted the market’s performance, pointing out that the Dow rose by 260 points, the S&P gained 0.38%, and the Nasdaq advanced 0.09%, with all major indices closing at new record highs.
He described Friday as another impressive session, adding that it marked a historic moment. Cramer reiterated his point, stating:
“This is ladies and gentlemen, a historic move we are witnessing, fueled by an election where voters chose a candidate who is pro-growth, pro-higher stock prices, pro-lower interest rates, and pro-lower taxes… Trump is the most explicitly pro-stock market president in history.”
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Cramer went on to say that now that Trump has won, the benefits are clear across many sectors. He cited tech, oil, pharmaceuticals, consumer goods, and financials as prime examples of sectors seeing strong performance. He emphasized that these gains were driven by money managers who feared missing out on the market’s upward trajectory and were unwilling to sell, knowing they might not have enough stocks in their portfolios. Cramer also predicted that we would soon witness a surge in mergers and acquisitions.
“At the same time, we’re about to see a wave of takeovers as the antitrust regulators will stop trying to block every deal under the sun because a new broom is gonna sweep clean.”
Cramer stressed the importance of looking at the market on a sector-by-sector basis. He noted that the tech sector had taken a breather on Friday. In the coming days, he suggested that retailers might surge, followed by financials and then industrials. He described this cycle of sector rotations as part of an “incredibly bullish, virtuous circle” of market gains. While Cramer acknowledged that stocks had performed well under President Biden, he pointed out that Biden didn’t seem to place much importance on the stock market during his tenure.
“For him, it was an abstraction,” Cramer remarked, adding that this stance was changing with the current administration. In conclusion, Cramer made it clear that stocks were about to have a true champion in the White House once again.
“Stocks are about to have a champion in the White House again, even if you might think they aren’t worthy of a presidential supporter. I say get used to it, even though the buying’s started already, because we got a lot more room to run.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money on November 8 and listed the stocks in the order that Cramer mentioned them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A farmer in a field, bringing in the harvest of live fed cattle for the company.
Tyson Foods, Inc. (NYSE:TSN)
Discussing Tyson Foods, Inc. (NYSE:TSN), Cramer called the company a “dominant player”.
“Lots of people wanna know why food prices got so outta hand in the last few years. You wanna learn? Why don’t you listen to the Tyson Foods conference call like I will. You’ll get a ton about pricing and they’re the dominant player, meat and chicken. Sometimes you don’t listen to a conference call to pick a stock, you listen to learn. I learn from Tyson.”
Tyson Foods (NYSE:TSN) is a food company that processes and markets a wide range of meat products, including beef, pork, and chicken, along with frozen and refrigerated ready-to-eat foods under several well-known brands. It is recognized for its leading position in the Rendering & Meat Byproduct Processing sector, where it holds an estimated 58.3% of the market share, according to IBISWorld.
In the fourth quarter of fiscal year 2024, the company reported significant improvements in its financial performance, marking a strong recovery from the previous year. The company reported adjusted EPS increasing by 149%, rising to $0.92 per share. Total revenue for the quarter grew by 1.6%, reaching $13.565 billion. A key driver of this positive performance was the strong showing in the chicken and prepared foods segments, which saw substantial gains.
Tyson Foods (NYSE:TSN) President and CEO, Donnie King, expressed confidence in the company’s outlook, stating that its multi-protein, multi-channel portfolio, supported by a skilled team, iconic brands, and a focus on operational excellence, positions the company well for continued success in fiscal 2025 and the future.
Overall TSN ranks 4th on our list of the stocks on Jim Cramer’s radar. While we acknowledge the potential of TSN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TSN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.