Sysco (SYY) Offering Possible 31.58% Return Over the Next 3 Calendar Days

Sysco's most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 31.58% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $54.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Sysco is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Sysco is bullish.

The RSI indicator is at 68.84 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Sysco

6 Underdog Stocks to Ride the Recovery
Fri, 14 Aug 2020 16:46:00 +0000
Jefferies highlights those stocks in a report Friday, calling them “underdogs” that look well-positioned to capitalize on a recovery. Boeing (ticker: BA), Marriott (MAR), Sysco (SYY), and Live Nation (LYV) all operate in industries that have been hit hard by the pandemic, but they have potential for significant gains versus consensus forecasts through 2022, Jefferies says. Two other underdog stocks that the firm likes are casino operator Caesars Entertainment (CZR) and day-care operator (BFAM) Family Solutions (BFAM).

Sysco Corp (SYY) Q4 2020 Earnings Call Transcript
Tue, 11 Aug 2020 20:00:48 +0000
On today's call, we have Kevin Hourican, our President and Chief Executive Officer; and Joel Grade, our Chief Financial Officer. Before we begin, please note that statements made during this presentation which state the Company's or management's intentions, beliefs, expectations or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act.

Sysco (SYY) Reports Q4 Loss, Tops Revenue Estimates
Tue, 11 Aug 2020 13:15:01 +0000
Sysco (SYY) delivered earnings and revenue surprises of 25.64% and 8.29%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Sysco's (SYY) Q4 Loss Narrower Than Expected, Sales Down Y/Y
Tue, 11 Aug 2020 13:12:01 +0000
Sysco Corporation's (SYY) fourth-quarter fiscal 2020 results reflect a decline in top and bottom lines. Coronavirus-related concerns have significantly affected the performance.

Sysco: Q4 Earnings Insights
Tue, 11 Aug 2020 12:41:51 +0000
Shares of Sysco (NYSE:SYY) moved lower by 2.5% in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share fell 126.36% over the past year to ($0.29), which beat the estimate of ($0.30).Revenue of $8,867,000,000 declined by 42.70% year over year, which missed the estimate of $9,520,000,000.Outlook Sysco hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Aug 11, 2020View more earnings on SYYTime: 10:00 AMET Webcast URL: https://78449.choruscall.com/dataconf/productusers/sysco/mediaframe/39741/indexr.htmlTechnicals Company's 52-week high was at $85.9852-week low: $26.00Price action over last quarter: Up 17.19%Company Description Sysco is the largest U.S. food-service distributor, boasting 16% market share of the highly fragmented food-service distribution industry. Sysco distributes over 400,000 food and nonfood products to restaurants (62% of revenue), healthcare facilities (8%), travel, leisure, and retail (9%), education and government buildings (9%), and other locations (12%) where individuals consume away-from-home meals. In fiscal 2019, 80% of the firm's revenue was U.S.-based, with 8% from Canada, 5% from the U.K., 3% from France, and 4% other.See more from Benzinga * A Look Into Sysco's Debt * Earnings Scheduled For August 11, 2020 * Earnings Outlook for Sysco(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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