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Why This #1 (Strong Buy) Consumer Staples Stock is a Winner

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It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Tyson Foods (TSN) for Your Portfolio?

Tyson Foods was upgraded to the Zacks Rank #1 list on February 10, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Headquartered in Arkansas, Tyson Foods Inc. was founded in 1935. It is the biggest U.S. chicken company and produces, distributes and markets chicken, beef, pork as well as prepared foods. The company's products are marketed and sold primarily by sales staff to grocery retailers, grocery wholesalers, meat distributors, military commissaries, industrial food processing companies, chain restaurants, international export companies and domestic distributors.

For fiscal 2022, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.33 to $8.52 per share. TSN boasts an average earnings surprise of 32.2%.

Earnings are expected to grow 2.9% for the current fiscal year, while revenue is projected to increase 9.5%.

Even more impressive, TSN has gained in value over the past four weeks, up 2.3% compared to the S&P 500's gain of 0.7%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Tyson Foods could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.


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