Tag: turkey

Tasty Thanksgiving Stocks

by Fred Fuld III

Thanksgiving is November 28, less than a week away. There are a few stocks that can benefit from Thanksgiving. Here are several examples:

If you are looking for a turkey company (I don’t mean that in a negative way, I mean it in a food way), Tyson Foods (TSN) sells Hillshire Brands turkeys. The stock has a trailing price to earnings ratio of 16 and pays a dividend yield of 1.9%. The annual dividend payout was recently increased by 12%.

Campbell Soup (CPB) sells Pepperidge Farm stuffing. Campbell has a trailing P/E of 67 and a forward P/E of 18 and has a yield of 3.0%.

ConAgra, Inc. (CAG) sells Marie Callender’s pumpkin pie. The stock trades at 20 times trailing earnings and 12 times forward earnings and yields 3.0%.

Kraft Heinz (KHC) sells Heinz Gravy and Stove Top Stuffing. It has a forward P/E of 12 and pays a generous yield of 5.15%.

Other Thanksgiving stocks  include Hormel (HRL) which sells the Jennie-O brand of turkeys, Constellation Brands (STZ) which produces Mondavi wine and many other wines, and Lifetime Brands (LCUT) which makes KitchenAid utensils.

So now it’s time to get stuffed and you get to talk turkey to all your relatives, and maybe even getting a dressing down from some of them. Time to make a little gravy with some Thanksgiving stocks.

Hoping you all have a Happy Thanksgiving!

 

Disclosure: Author didn’t own any of the above at the time the article was written.

The Country of Turkey is Having a Financial Crisis: Time to Buy?

by Fred Fuld III

In case you missed it, the Turkish Lira has dropped over 26% during the last week and tanked 13.7% just on Friday. Many reasons have been claimed for the reasons for the financial crisis in Turkey, including the dissemination of “fake news”.

It’s not just the Turkey currency that has been sinking, the Turkish stocks have also been falling. As an example, the iShares MSCI Turkey ETF (TUR) is down 10.7% today.

For the investors and traders who like to take contrarian positions, Turkey stocks may be oversold and might be a buying opportunity, albeit a speculative one at that.

The fund’s three largest holdings are Turkiye Garanti Bankasi (GARAN), Akbank ( AKBNK), and Eregli Demir Ve Celik Fabrikalari (EREGL). Over 28% of the ETF holdings are in financial services, 18% in industrials, and 17.8% in basic materials.

If you want to invest directly in a Turkish company, you should consider Turkcell Iletisim Hizmetleri (TKC), which trades at 6.01 times trailing earnings and pays a yield of 3.57%. The company is a provider of provides wireless telephone services, sports and news entertainment, Internet services, and other telecommunications services.

Just remember, buying Turkish stocks right now is a very, very speculative play.

Disclosure: Author didn’t own any of the above at the time the article was written.

How to Invest in Thanksgiving

turkeyAmericans are expected to spend over $1 billion on turkeys for this Thanksgiving on Thursday, November 24, according to new research by personal finance comparison website finder.com . With that much money going towards this holiday, several companies are bound to benefit.

One of the best ways is to look at the turkeys. Turkey is the number one dish served for Thanksgiving dinner. There are several turkey producers in the US, a few of which are owned by publicly traded companies.

Butterball is the largest, but unfortunately, you can’t invest in it because it is privately held.

The second largest is Jennie-O Turkey Store, which is owned by Hormel Foods (HRL). The stock trades at 23 times trailing earnings, 21 times forward earnings, and pays a yield of 1.6%.

Hillshire Brands is another top turkey producer, which is owned by Tyson Foods (TSN). Tyson has a trading price to earnings ratio of 14 and a forward P/E of 11. It pays out a dividend rate of 0.9%.

The Oscar Mayer division of Kraft Heinz (KHC) is also a turkey producer in the top ten. The stock trades at 37 times earnings and yields 3%.

Hopefully, your stock portfolio will provide you with a Happy Thanksgiving!!!

Disclosure: Author didn’t own any of the above at the time the article was written.