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Sysco Corporation – Beginning of Long-Term Correction?If you like this idea, please don’t forget to Boost it. Fundamental Indicators: Sector – Consumer Defensive US Business Cycle Stage – late cycle, when this sector is favourable Revenue – not a consistent growth, 2020 and 2021 broken the uptrend, however 2022 TTM is considerably higher than the previous year Profits – same as revenue Net margin – low margin business with just 1.98% P/E – quite high with 32 ratio compared to S&P500 with 21 and Consumer Defensive sector with 23 Liabilities - debt ratio is at 0.94 which is a little over the norm, Net Debt/ EBITDA is at 3.01 which is acceptable – increasing rates will have negative impact on servicing the debt Conclusion – although performance of the company in 2022 TTM is considerably better than in the previous year, several factors like rising rates which will increase servicing of higher than normal debt, will eat into already low margins, as well as worsening economic situation, high PE – all are negative factors which are likely to impact stock price Technical Analysis (Elliott Waves): Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of starting wave 4 (see higher timeframe graph) Since the correction after the Great Financial Crisis of 2008 the company has enjoyed explosive growth. However, the bull run was very choppy with multiple crossings which is always a good sign of an Ending Diagonal (see guidelines for Ending Diagonals below) that has completed global wave 3 From that peak which culminated in April 2022 we can see a new mid-term bear move is forming with first leg as a double zigzag in wave W and ABC zigzag in wave W The next wave may present a good shorting opportunity with initial target of $68 This is a higher timeframe to reflect the full history of Sysco Corporation and to provide full wave count: This is the link to the guidelines for Ending Diagonals What do you think about Sysco Corporation and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it. Thanks
NYSE:SYYShort
by vitalalyt
11/8 Weekly Earnings Calendar Spreads (SYY, DHI, CAH, DIS)Description: Some potentially attractive Calendar Spreads I'm looking at putting on based off of the close on Friday. CAH looking especially attractive. Announced Earnings Dates SYY 11/9 DHI 11/9 CAH 11/9 DIS 11/10 Long Call Calendar Spread Levels, break-evens, and R/R will be updated when positions are filled. The boxes on the charts right now are the profit ranges at expiration for ATM Calls You could always spread the puts instead of the calls if you want a slight bearish bias on the stock post earnings. Criteria to enter: At least 4:1 R/R, measured from max profit to debit required to enter. Break-evens outside the expected move Intend to close directly following earnings. *Stops based off underlying stock price, not mark to market loss Only invest what you are willing to lose Break-evens and R/R vary on fill
NYSE:DIS
by BarnardR
SYY, Sysco Corp. - Breakout on Ascending TriangleNYSE:SYY Excellent breakout of this ascending triangle in SYY. Interesting also the Risk Reward considering the constant growth that this company is having and after a period in which the price bounced in a range now has the opportunity to continue to increase the value. finance.yahoo.com Sysco Corporation is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice. www.sysco.com
NYSE:SYYLong
by SwissTradingSchool