2024-02-15 11:11:00 ET
Summary
- Hormel Foods Corporation has underperformed the market and suffered its largest drawdown from peak price.
- We go over the three main reasons why we are here today - a lofty valuation, dividend growth, and ignoring actual headwinds.
- We tell you why a bounce is highly probable and offer trades for shorter and longer term timeframes.
It has been a tough year for Hormel Foods Corporation ( HRL ) investors. The stock has chronically disappointed and has underperformed the broader market, i.e., S&P 500 ( SPY ) and the Consumer Staples Select Sector SPDR ( XLP ), by a huge margin....
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For further details see:
Hormel: Peak Pessimism, Buy For A Trade And Then Hit The Fade