So what does the AMZN news do to SYY going forward. Many seemed to be worried. Expect this stock to have some headwinds. This news today is DEVASTATING to all in the food business. Even suppliers will be affected. The game has changed in the food industry with this incredible news this morning which NO ONE anticipated/predicted, NO ONE!!!!
I,'m not very concerned, at least initially. AMZN is in retail distribution while SYY to restaurants, food services,etc in volumes I don;t believe is able to handle at least yet. Then there's SYY's distribution reach way beyond the upper-middle class areas WFM focused on. Finally there's the cost spread that SYY's customers will find difficult to absorb or pass along. AMZN might eventually be able to leverage down WFM's supplier costs ala Walmart but not immediately. My $.02...keep the change.
Yahoo Finance Insights
SYY is down -4.92% to 52.80
Why a 4%+ drop today?
The trading setup for SYY looks very enticing. I started receiving notifications from awe_some_stocks the other week and so far they have presented interesting new trade ideas.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.7 In other words, the correlation coefficient of the other stocks
why is the stock going down when the quarterly earnings report came back positive, im confused on this ??
May 8 should have some numbers that could push this stock toward a split or towards a pullback, either way for someone who has bought monthly, held shares and reinvested dividends for the last 30 + years it will be a win-win. Bring it on but also watch the French elections of May 7; a surprise like that in this country last November might happen and have an effect on our stock Market.
Downside risk pretty much eliminated now I would guess, thoughts? google awesomeSTO-CKS - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Received an alert this am about $SYY from http://thesubwaytrader.com/?s=SYY, you may want to take a look. Some rise by sin and some by virtue fall. Investing trading stocks.
The Subway Trader: Trading Stocks and Making Money
Stock alerts from the The Subway Trader. Stock trading, making money and always looking for the next big money maker.
SYY is following the ETF XLP.
Is it time to make a move on SYY? It certainly looks like it based on a PEG of 2.40. if you guys have questions you should ask awe-someSTOCKS. They often respond to my emails which is helpful.
Can anyone shed some light on this drop? I have held SYY for over 10 yrs, good dividends, was expecting a split some time in the near future?
SYY reports better numbers, yet it's headed south by almost 3% in the first 45 minutes of taking today. What's going in here? Is it a buying opportunity or "cut n run" now?
Traditionally splits around the 54 mark.
next stop 55
Looks like #s leaked, up 7% before earnings release :-s
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