|Day Low/High||22.41 / 23.03|
|52 Wk Low/High||14.06 / 28.74|
Energy, banks and food stocks are roaring, and momentum tech is still too risky.
It's a good time to pick up some insurance for your portfolio.
Chicken-friendly Pilgrim's Pride offers to buy meatpacker Hillshire Farms for $6.4 billion, a $45 a share bid that represents a 22% premium that trumps an earlier offer from Pinnacle Foods.
These food companies still look good to me -- and so does one ETF in particular.
The jobs report, and several consumer names, will be top of mind.
Now that the price jump has caught everyone's attention, here are some more ways to play it.
Consolidation in the chicken industry has led to higher prices for consumers, worse conditions for farmers and huge profits for producers like Tyson and Pilgrim's Pride.
Beef, pork and cocoa are rising, and coffee prices are starting to wake up.
Poultry company stocks may benefit from these developments.
Chicken and pork producers should see rising margins and stocks.
Chaikin money flow can help to confirm breakouts or breakdowns.
This summer, consumers may seek cheaper alternatives for their grills.
These purchases could be seen as a bullish bet on the chicken industry in general.
Corn prices are set to climb, and that could impact feed costs for pork, beef and poultry producers.