GRM trade ideas
We expect this sector stocks to reliably outperformShow Me the Money! 3 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
General Mills (GIS) released robust fiscal fourth-quarter 2020 results, with the top and the bottom-line surpassing consensus estimates. Moreover, earnings and sales increased on a year-over-year basis. The company’s adjusted earnings per share of $1.10 increased 33% year over year.
Net sales of over $5 billion increased 21% year over year and also surpassed most market estimates of $4,97 billion. Also, organic sales increased 16% on growth in North America Retail, Pet as well as Europe & Australia segments.
Success of General Mills amidst coronavirus ordeals follows similarly strong quarterly performances of other major U.S. food and staples retailers. Going forward, if situation around COVID-19 doesn’t drastically change – and we don’t see necessary prerequisites of it at the time – we expect this sector stocks, including recently launched Albertsons Companies, to reliably outperform.
GIS: likely a buy after today's closerejection below 60.7 coupled with a support and a long candle signals a long
Today's close should give me the last indicator I need to long.
Will update.
GENERAL MILLS now is in BUY situation Hey people ,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. GENERAL MILLS is in a very interesting moment, the attempt of the sellers was abort with a large volume possibility of breakout the stabilization zone.
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Strong Stock, 3 down movesGeneral Mills is a strong strong stock in a strong sector. It has recently made a 40 day high and a retracement. It is at an area of strong horizontal support. It has made three symetrical pushes down and is ready for support. There is bullish divergence on the hourly timeframe. Next level of support is at $58, where I will place a stop loss slightly below. My profit target is the 40 day high or greater.
General Mills Inc [ NYSE: GIS ]General Mills Inc
Pending Order Placement
Entry Placement 61.41
Take Profit Placement 64.86
Stop Loss Placement 59.11
GENERAL MILLS INC_longFor the second time in the last week of trading we are trying to take a strong historical level 58, which was formed in January 2018.
Last week's trading was a close-time retest, however, we failed to break through the level.
I will enter the long with a very small risk above 58.
I will hide the SL below 58 after the breakout.
General Mills vs S&P 500Fascinating long term price action in General Mills against the S&P 500. Is it a flight to defense?
We may be able to use this spread as an indicator for stocks.
Companies that control the world’s foodConsidering the global scenario I wanted to put together a quick chart to visualize trends on the price of the companies that control the world’s food. The health of the global supply depends on companies like these so I think it might be good to keep an eye on them. I want to add companies that also provide other types of basic nutrition including: fruit, vegetables and other types of food. If you have any ideas happy to consider them and add them to the graph.
$GIS | 8HR TF | Coiling Pennant2 scenarios layed out, leaning bull no trade till a clear break on either side of the pennant, use stops when it does
SIdeways/Down next 6-8 months; Then rideGIS Im loving this set up in General Mills, look for it to move mostly sideways/down the remainder of the year and start of 2020. I will start accumulating around the 48 area if this hold true, because it appears to most likely be Wave 2 (aka Right shoulder of Inverted H&S) and at the very least ride back up to the decision point. In my opinion, this is at least a $70 stock by 2021. Takes patience, but for long term portfolios this is fast approaching perhaps the last great entry point for some years to come. Keep from chasing. Happy hunting anfd GLTA!!
GIS: Strong weekly trend possible...$GIS offers a very interesting chart setup here, weekly might erupt into a fierce rally, so buying it after confirmation would prove tremendously profitable if it holds up after earnings. I'd wait for the report to buy it on dips after earnings are out of the way but you could accumulate it during a couple weeks, on dips as well. The sector is the least popular amongst analyst, as pointed out by @timwest.
Since I think Gold has likely peaked, it's likely to see stocks grind higher, for longer than most expect and finding the best chart patterns amongst the least popular stocks is the best way of profiting from this juncture.
Cheers,
Ivan Labrie.
General Mills Upside Breakout CatalystsGeneral Mills reports earnings Wednesday and should stay above the trendline in the meantime. It has positive analyst ratings and a positive earnings surprise expectation from Zacks.
It may even break upward out of its parallel channel sometime in the next two trading days in anticipation of positive earnings, but at the very least I expect it to stay at the top of the channel.
It's then likely to report an earnings beat Wednesday and enjoy a nice pop to establish a new upward trend channel.
