Analyst View, Impact of Global Events - Research Report on Sanderson Farms, Inc. and Pilgrim's Pride Corporation
(firmenpresse) - HONG KONG -- (Marketwire) -- 10/04/11 -- Today, released its industry report highlighting Sanderson Farms, Inc. (NASDAQ: SAFM) and Pilgrim's Pride Corporation (NYSE: PPC). Full fundamental and technical analysis is available at .
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets.'
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
World Street Fundamentals has highlighted Sanderson Farms, Inc. for its current position within the consumer goods industry. Sanderson Farms, Inc. is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). The entire report on Sanderson Farms, Inc. (NASDAQ: SAFM) is available here: .
World Street has featured Pilgrim's Pride Corporation for its development within the consumer goods industry. Pilgrim's Pride Corporation (Pilgrim's) is a chicken producer with operations in the United States, Mexico and Puerto Rico. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. The entire report on Pilgrim's Pride Corporation (NYSE: PPC) is available here: .
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Adam Redford
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Datum: 04.10.2011 - 13:00 Uhr
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News-ID 72388
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HONG KONG
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Commercial & Investment Banking
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