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US Foods Hldg

Tyme Technologies

US Foods Holding Corp is the U.S. food service distributor. us Foods distributes food and nonfood products to the healthcare and hospitality industries, restaurants, and education, government facilities, and grocers. In addition to its delivery business, the firm has 80 cash-and- carry stores under the Chef'Store banner. The company generates majority of the revenue from Meats and seafood products.

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BLBD

USFD

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este jueves: LLY, BLBD, USFD, OM y PH.

5 acciones en el foco este jueves: LLY, BLBD, USFD, OM y PH

US Foods Holding Corp

Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is brewing excitement as a Golden Cross formation suggests a <a href="https://www.benzinga.com/topic/golden-cross">potential bullish run</a>.
The stock is up 6.84% over the past year, with a 3.94% gain year-to-date.
Jim Cramer recently put the spotlight on Starbucks, naming it one of his top &#8220;stimulus plays&#8221; in the wake of China&#8217;s renewed economic efforts, alongside heavyweights like Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In a Sept. 30 tweet, the &#8220;Mad Money&#8221; host said:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back in action after some nice time off and i see that the Chinese are, once again, stimulating and everyone&#39;s back&#8230; Perfect&#8230;.Sorry to be so cynical. But if you want stimulus plays: BABA, AAPL and SBUX will do
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1840670203350270232?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cramer's call comes at a pivotal moment for Starbucks. The coffee giant faces headwinds in its second-largest market, China. Last quarter, Starbucks saw a 14% drop in same-store sales in China. The U.S. market experienced a more modest 2% decline.
Read Also: <a href="https://www.zacks.com/stock/news/2342528/is-starbucks-stock-a-buy-sell-or-retain-at-24-79x-p-e?cid=CS-BENZ-FT-analyst_blog&#x7C;most_popular_stocks-2342528">Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?</a>
Despite these challenges, the technicals suggest Starbucks stock is gearing up for a strong push forward. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM.png" alt="" class="wp-image-572328" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Golden Cross — a key technical indicator where the 50-day moving average crosses above the 200-day moving average— signals that bullish momentum is taking hold.
With the current share price at $97.36, Starbucks stock remains well above its 50-day SMA of $88.43 and 200-day SMA of $87.26, reinforcing the bullish signal.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM.png" alt="" class="wp-image-572330" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Additionally, Starbucks stock is trading above its shorter-term moving averages, with its eight-day SMA at $96.18 and its 20-day SMA at $95.33, both of which are also bullish signals. This alignment of moving averages shows that Starbucks stock has maintained consistent upward momentum, even amid some broader market volatility.
While Starbucks continues to navigate its union negotiations in the U.S., CEO Brian Niccol has signaled a new era of constructive dialogue, which could further stabilize the company's U.S. operations. 
Investors are keen to see if Cramer's endorsement and the Golden Cross can help fuel the stock's next move higher. 
As the coffee retailer navigates both economic pressures and labor relations, the technicals suggest the stock is well-positioned for a breakout.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/space/24/09/41008140/intuitive-machines-rockets-240-year-to-date-forms-golden-cross-after-4-8b-nasa-contract">Intuitive Machines Rockets 240% Year-To-Date, Forms Golden Cross After $4.8B NASA Contract</a></li>
</ul>
Image: Shutterstock

Technicals

Restaurants

Signals

AAPL

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

SBUX

Jim Cramer Calls Starbucks A 'Stimulus Play': Golden Cross Signals Bullish Run Ahead

JP Morgan analyst Anupam Rama initiates coverage on ProKidney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) with a Neutral rating.

Initiation

Analyst Ratings

PROK

JP Morgan Initiates Coverage On ProKidney with Neutral Rating

<a href="https://www.wsj.com/tech/epic-games-to-sue-google-samsung-over-alleged-app-store-scheme-e1744d35?mod=latest_headlines">https://www.wsj.com/tech/epic-games-to-sue-google-samsung-over-alleged-app-store-scheme-e1744d35?mod=latest_headlines</a>
&nbsp;

Legal

GOOG

GOOGL

'Epic Games Sues Google, Samsung Over Alleged App-Store Scheme' - Wall Street Journal

WIIM

ADXN

Addex Therapeutics shares are trading higher after the company reported H2 financial results.

BWAY

BrainsWay shares are trading higher after the company announced a $20 investment from Valor Equity Partners to boost its TMS expansion.

Jefferies analyst Anthony Linton downgrades Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) from Buy to Hold and raises the price target from C$55 to C$58.

Downgrades

Price Target

TSX:ENB

Jefferies Downgrades Enbridge to Hold, Raises Price Target to C$58

Guidance

CRKN

Crown Electronics Sees FY24 Revenue ~$22M

Crown Electronics Sees Q4 Revenue $9M

Piper Sandler analyst Peter Keith maintains Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) with a Neutral and raises the price target from $95 to $119.

Piper Sandler Maintains Neutral on Floor & Decor Hldgs, Raises Price Target to $119

SPRC

SciSparc Receives FDA Approval To Launch Pivotal Phase IIb Trial For Tourette Syndrome Treatment SCI-110 In U.S., Following Promising Phase IIa Results Showing Up To 40% Tic Reduction

JMP Securities analyst Constantine Davides maintains Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) with a Market Outperform and raises the price target from $36 to $37.

OPCH

JMP Securities Maintains Market Outperform on Option Care Health, Raises Price Target to $37

As of Sept. 30, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">KE Holdings Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>)</h3>
<ul>
<li>On Aug. 12, KE Holdings reported better-than-expected second-quarter financial results and increased its repurchase authorization. The company's stock gained around 37% over the past five days and has a <a href="https://www.benzinga.com/quote/BEKE">52-week high of $20.48</a>.</li>
<li>RSI Value: 81.63&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>BEKE Price Action: Shares of KE Holdings gained 1.6% to close at $20.00 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Uniti Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>)</h3>
<ul>
<li>On Sept. 27, Uniti Group announced $800 million windstream notes as part of post-merger debt restructuring. The company's stock gained around 34% over the past month and <a href="https://www.benzinga.com/quote/UNIT">has a 52-week high</a> of $6.71.</li>
<li>RSI Value: 78.03</li>
<li>UNIT Price Action: Shares of Uniti Group rose 7.6% to close at $5.84 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Macerich Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>)</h3>
<ul>
<li>On Sept. 19, Goldman Sachs analyst Caitlin Burrows maintained Macerich with a Sell and raised the price target from $13 to $14.6. The company's stock gained around 18% over the past month and has a <a href="https://www.benzinga.com/quote/MAC">52-week high </a>of $18.04.</li>
<li>RSI Value: 77.29</li>
<li>MAC Price Action: Shares of Macerich gained 3.3% to close at $17.95 on Friday.</li>
</ul>
<h3 class="wp-block-heading">American Healthcare REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>)</h3>
<ul>
<li>On Sept. 24, American Healthcare REIT acquired remaining 24% membership interest in Trilogy REIT Holdings for purchase price of $258 million. The company's stock jumped around 24% over the past month and has a 52-week high is $26.77.</li>
<li>RSI Value: 80.83</li>
<li>AHR Price Action: Shares of American Healthcare fell 0.2% to close at $26.12 on Friday. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/41075978/top-4-materials-stocks-that-may-implode-in-q3">Top 4 Materials Stocks That May Implode In Q3</a></li>
</ul>

BEKE

UNIT

Top 4 Real Estate Stocks You May Want To Dump In September

Agreement will accelerate the initial scope of 144 unconventional wells for delivery by Q4 2025 with potential for significant number of additional wells in the second phase

SLB Partners With ADNOC Drilling For Unconventional Oil And Gas Development

Piper Sandler analyst Peter Keith maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Overweight and raises the price target from $262 to $307.

Piper Sandler Maintains Overweight on Lowe's Companies, Raises Price Target to $307

JMP Securities analyst Andrew Boone maintains DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) with a Market Outperform and raises the price target from $145 to $160.

DASH

JMP Securities Maintains Market Outperform on DoorDash, Raises Price Target to $160

Keith Lerner, the Co-Chief Investment Officer at Truist Wealth, has a word of advice for investors: &#8220;Don&#8217;t fight the trend and don&#8217;t fight the Fed.&#8221;
What Happened: Lerner emphasized that the global markets are currently reaching 52-week highs due to the actions of central banks and the Chinese stimulus, CNBC <a href="https://www.cnbc.com/video/2024/09/30/lerner-dont-fight-the-fed-and-dont-fight-china.html">reported</a> on Monday.
He pointed out that the markets have been on an upward trajectory over the past week, with the S&amp;P, developed national markets, and emerging markets all hitting yearly highs. Lerner suggested that the old adage &#8220;Don&#8217;t fight the Fed&#8221; should be expanded.
&#8220;Now, don&#8217;t fight the Fed and don&#8217;t fight China or the Central Bank as well,&#8221; Lerner said.
Despite potential volatility due to the upcoming election and other factors, Lerner believes that the overall trend is upward, driven by global factors.
See Also: <a href="https://www.benzinga.com/trading-ideas/previews/24/09/41054701/inflation-data-will-be-watched-like-a-hawk-friday-after-feds-interest-rate-cuts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Inflation Data &#8216;Will Be Watched Like A Hawk&#8217; Friday After Fed&#8217;s Interest Rate Cuts</a>
When asked about investment trends, Lerner noted that U.S. large caps are currently more attractive than emerging markets and U.S. Treasuries. He also highlighted the potential for short-term gains in China, given its recent stimulus and market position.
Why It Matters: The recent market highs come on the heels of the Federal Reserve&#8217;s <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">unexpected 0.5% interest rate cut</a>, the first in over four years. This move was seen as a response to potential economic risks, including those related to the upcoming election.
China has been a key player in the global market, but new tensions have risen in recent times between Beijing and U.S. after President Joe Biden included multiple Chinese entities on its <a href="https://www.benzinga.com/news/24/08/40546725/china-slams-us-for-including-chinese-firms-in-export-control-list-undermines-the-international-trade">export control list</a>. However, the Chinese stimulus and its market position have continued to drive global trends, as noted by Lerner.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41029448/s-p-500-hits-all-time-highs-nasdaq-100-tops-20k-ahead-of-key-economic-data-whats-driving-markets?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 Hits All-Time Highs, Nasdaq 100 Tops 20K Ahead Of Key Economic Data: What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Analyst Color

Macro Economic Events

Global

Economics

General

'Don't Fight The Fed And...China,' Says Wealth Manager As Global Markets Rise

Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) announced today that it has implemented a Dividend Reinvestment Plan (the "DRIP"), which went into effect Sept. 13, 2024. Participation in the DRIP is optional and will not affect shareholders' cash dividends, unless they elect to participate in the DRIP.
The DRIP will provide Worthington Steel's eligible shareholders with the opportunity to have all or a portion of the cash dividends declared on their Worthington Steel common shares ("common shares") automatically reinvested into additional common shares on an ongoing basis until DRIP participation has been modified or terminated (the "Reinvestment Shares"). The benefits of enrolling in the DRIP include the:
<ul>
<li>convenience of automatic reinvestment of dividends in Reinvestment Shares; and</li>
<li>flexibility to enroll some or all common shares in the DRIP, providing the opportunity to reinvest all or a portion of dividends in Reinvestment Shares, while continuing to receive the remainder in cash.</li>
</ul>

Dividends

Worthington Steel Announces Dividend Reinvestment Plan; The DRIP Will Provide Worthington Steel's Eligible Shareholders With The Opportunity To Have All Or A Portion Of The Cash Dividends Declared On Their Worthington Steel Common Shares Automatically Reinvested Into Additional Common Shares On An Ongoing Basis Until DRIP Participation Has Been Modified Or Terminated

Responder Analyses Show Treatment with Aficamten Demonstrated Improvements&nbsp; on Multiple Assessments of Clinical Significance to Cardiologists
Results Simultaneously Published in&nbsp; the Journal of the American College of Cardiology

Biotech

Events

CYTK

Cytokinetics Presents Additional SEQUOIA-HCM Data At HFSA Annual Scientific Meeting

Semiconductor stocks, led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are trading lower Monday amid reports that Beijing is <a target="_blank" href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips" rel="noreferrer noopener">encouraging Chinese firms</a> to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and&nbsp;Huawei Technologies Co.
The move marks an escalation of geopolitical tensions between China and the U.S.
Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are down in pin action with the interconnectivity of the semiconductor ecosystem.
AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is also down.
China recently announced plans to slash its key rates to drive growth, shadowing the U.S. move. The countries expect the move to drive discretionary spending, which in turn will drive economic growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Prior reports indicated that Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">was on track</a> to sell $12 billion of artificial intelligence chips in China in 2024 through the sale of over&nbsp;1 million new H20 chips, with each chip costing $12,000-$13,000.
<a target="_blank" href="https://www.benzinga.com/news/24/09/41066968/microsoft-google-meta-pave-path-to-ai-expansion-nvidia-and-broadcom-set-to-reap-benefits" rel="noreferrer noopener">Meanwhile, U.S. hyperscalers</a>, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) remain invested in their AI endeavors, signaling continued demand for Nvidia AI chips.
Chinese hyperscalar Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) also <a href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" target="_blank" rel="noreferrer noopener">collaborated with Nvidia</a> on autonomous driving experience.
<h2 class="wp-block-heading">AMD Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Advanced Micro Devices have an average 1-year price target of $196.27, representing an expected upside of 19.42%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Advanced Micro Devices, while 13 analysts have bullish ratings. The street high price target from Rosenblatt is $250.0, while the street low from Truist Securities is $156.0.
Price Action: NVDA stock is down 2.65% at $118.18 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Photo: Nazrul Iznan via Shuttestock

Government

Regulations

Tech

AVGO

INTC

MRVL

MSFT

NVDA

SMCI

What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

Piper Sandler analyst Peter Keith maintains Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) with a Overweight and raises the price target from $387 to $455.

Piper Sandler Maintains Overweight on Home Depot, Raises Price Target to $455

There's a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on US Foods Holding (USFD – Research Report) and Su...

Analysts Offer Insights on Consumer Goods Companies: US Foods Holding (USFD) and SunOpta (STKL)

US Foods announces $211M share repurchase from Sachem Head Capital

Performance Food Group: Big Moves And Big Upside Does Not Justify Further Moves Higher

The food industry is expected to remain resilient due to constant demand, adaptability to consumer trends, and innovations in technology and supply chains, ensuring stability amid economic fluctuations. Therefore, investors looking for consistent returns might consider buying fundamentally strong food stocks such as US Foods Holding (USFD), and Sysco (SYY). Read on... The food industry is stable and growing, fueled by changing consumer preferences, sustainability trends, increased online sales, and rising demand for local, organic, and convenience-based products. Given this backdrop, investing in fundamentally strong food stocks like US Foods Holding Corp. (<a href="https://stocknews.com/stock/USFD/">USFD</a>) and Sysco Corporation (<a href="https://stocknews.com/stock/SYY/">SYY</a>) could be wise for consistent returns.
Despite geopolitical uncertainties and supply chain disruptions, rising incomes, a growing population, and technological advancements in food processing, innovative distribution, and automation boost the resilience of the food industry. This makes it a strong investment opportunity for stable returns. The food market's output is projected to reach $3.70 trillion in 2024, and grow at an <a href="https://www.statista.com/outlook/io/manufacturing/consumer-goods/food/worldwide#:~:text=Output%20in%20the%20Food%20market,amount%20to%203.9%25%20in%202024.">1.1% CAGR</a> from 2024 to 2029.
In addition, marketing in the food industry drives revenue through digital strategies like social media engagement, influencer partnerships, personalized content, and e-commerce optimization. Similarly, data analytics enhance brand visibility and customer loyalty, boosting sales and market growth. Hence, the U.S. food market is projected to generate <a href="https://www.statista.com/outlook/cmo/food/united-states">$833.80 billion in 2024</a>, with an expected annual growth rate of 4.1%.
Given this favorable backdrop, let's take a closer look at the fundamentals of the two featured <a href="https://stocknews.com/category/food-makers/">Food Makers</a> stocks, beginning with the second choice.
Stock #2: US Foods Holding Corp. (<a href="https://stocknews.com/stock/USFD/">USFD</a>)
USFD engages in the marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to food service customers in the United States. The company's customers include independently owned single and multi-unit restaurants, national restaurant chains, hospitals, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.
In terms of forward EV/EBIT, USFD's 14.13x is 4.5% lower than the 14.80x industry average. Its 0.95x forward non-GAAP <a href="https://www.investopedia.com/terms/p/pegratio.asp">PEG</a> is 55.7% lower than the 2.14x industry average. Similarly, its 10.85x forward EV/EBITDA is marginally lower than the 10.88x industry average.
During the second quarter ended June 29, 2024, USFD's net sales grew 7.7% year-over-year to $9.71 billion. The company's adjusted gross profit increased 8.2% from the year-ago value to $1.71 billion. Likewise, its adjusted EBITDA rose 13.2% from the prior year's period to $489 million.
For the same period, its operating income was $353 million, up 9.6% from the prior-year quarter. Moreover, USFD's adjusted net income and adjusted EPS rose 16.1% and 17.7% from the year-ago value to $231 million and $0.93, respectively.
Street expects USFD's EPS and revenue for the quarter ended September 30, 2024, to increase 18.9% and 6.8% year-over-year to $0.83 and $9.72 billion, respectively. Over the past year, the stock has gained 45.7% to close the last trading session at $58.48.
USFD's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Value. It is ranked #16 out of 74 stocks in the B-rated <a href="https://stocknews.com/category/food-makers/">Food Makers</a> industry. To see USFD's Momentum, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/USFD/">click here</a>.
Stock #1: Sysco Corporation (<a href="https://stocknews.com/stock/SYY/">SYY</a>)
SYY and its subsidiaries engage in the marketing and distribution of various food and related products to the food service or food-away-from-home industry internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.
In terms of forward EV/Sales, SYY's 0.61x is 65.5% lower than the 1.78x industry average. Its 13.64x forward EV/EBIT is 7.9% lower than the 14.80x industry average. Likewise, its 16.86x forward non-GAAP P/E is 5.6% lower than the 17.86x industry average.
SYY's sales for the fiscal second quarter ended June 29, 2024, grew 4.2% year-over-year to $20.56 billion. The company's non-GAAP operating income was $1.08 billion, up 6.4% from the year-ago value. In addition, its non-GAAP net earnings increased 1.5% from the previous year's quarter to $693 million, and non-GAAP earnings per share rose 3.7% year-over-year to $1.39.
For the quarter ending September 30, 2024, SYY's EPS and revenue are expected to increase 5.7% and 4.4% year-over-year to $1.13 and $20.48 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. The stock has gained 9.9% over the past year to close the last trading session at $77.14.
It's no surprise that SYY has an overall rating of B, which translates to a Buy in our POWR Ratings system.
It has a B grade for Value, Stability, and Quality. It is ranked #13 in the Food Makers industry. To access the additional ratings of SYY for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/SYY/">click here</a>.
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<hr />
SYY shares were trading at $77.16 per share on Friday afternoon, down $0.42 (-0.54%). Year-to-date, SYY has gained 7.67%, versus a 18.73% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/syy-usfd-2-food-stocks-to-buy-for-consistent-returns/>2 Food Stocks to Buy for Consistent Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

2 Food Stocks to Buy for Consistent Returns

The Chefs' Warehouse: Shares Are Undervalued, With Revenue Growth And Profitability

Food supplier stocks dip after Sysco warns on current trends

In a report released today, Alexander Slagle from Jefferies maintained a Buy rating on US Foods Holding (USFD – Research Report), with a price targ...

Jefferies Sticks to Its Buy Rating for US Foods Holding (USFD)

US Foods unit to offer $500M senior unsecured notes

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Press Releases

US Foods Reports Second Quarter Fiscal Year 2024 Earnings

Lightspeed joins US Foods® CHECK® Business Tools Program Line-up to Drive Industry Innovation in Restaurant Operations

US Foods Announces $211 Million Repurchase of Shares From Sachem Head Capital Management LP

Twenty US Foods Drivers Inducted Into 2024 International Foodservice Distributors Truck Driver Hall of Fame

US Foods to Present at the 2024 Piper Sandler Growth Frontiers Conference

US Foods, Feeding America® to Shape the Future of Food Access With Expansion of Innovative Direct to Neighbor Locker Project

Imperial Dade Announces Appointment of Fareed Khan as Chief Financial Officer

US Foods Fall Scoop Product Lineup Targets Operator Pain Points

US Foods Announces Private Offering of $500 Million of Senior Unsecured Notes

US Foods Announces Pricing of Private Offering of $500 Million of Senior Unsecured Notes

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