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If the signing of the phase one trade deal with China is the "mother of all catalysts" for U.S. stocks, then Tyson Foods, Inc. (NYSE:TSN) could be "the biggest" winner, according to CNBC's Jim Cramer.
Tyson's China Catalyst
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China continues to deal with an African swine fever epidemic, which is resulting in a major shortage of pork in the country, Cramer said Thursday on "Mad Money."
Pork is a national staple in China, and the country needs to look outside its borders for a fresh supply of pork products, he said.
Tyson Foods is the largest meat processor in the U.S., and the Chinese market represents a major catalyst for the company, the CNBC host said, adding that the opportunity comes at a time when investors are looking for "companies with powerful catalysts."
Tyson Shares 'Darned Cheap,' Cramer Says
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Tyson Foods' stock ended 2019 with strong gains, yet the company's China opportunity makes the stock look attractive at current levels, Cramer said. The stock is trading at just 12 times next year's estimates, which is "darned cheap" and implies Tyson has "a lot more room to run," he said.
Wall Street analysts could soon recognize Tyson Foods' outlook is underappreciated and scramble to move their earnings estimates higher, Cramer said. The basic math implies the stock is "going to look even cheaper" than it does today, he said.
Tyson shares were trading 2.59% higher at $91.50 at the time of publication Friday.
Related Links:
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Tyson Foods Reports Q4 Earnings Miss
Photo by Leah Kelley from Pexels.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.