1 May Watchlist 👀

 

Today we are watching…

1. Tyson Foods (#tyson)

There’s a meat supply crisis gripping America, and even the president has invoked the wartime Defense Production Act to secure processing can take place. It’s being caused by shuttered plants affected by coronavirus infection, and Tyson Foods is at the heart of this. Unfortunately, years of consolidation with Tyson Foods buying smaller processing plants to grow means many processors are jam-packed into the same facilities. The shutdown on one meat plant results in ten million fewer beef servings per day, but there’s sharp criticism from unions who don’t want workers in danger in cramped factories. The situation unfolds! 

2. Apple (#aapl)

Apple has beaten its revenue and profit expectations for the quarter, which is something, but investors are still more interested to hear CEO Tim Cook’s forecasts for the rest of the year. Chinese sales are “headed in the right direction,” and the shock supply constraints of February have now abated with production back at typical levels. For all the confidence Cook showed, he still refused to set profit guidance for investors this year, and that caused some panic. The Invstr community was waiting for a dip!

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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