SYY bought privately held US Foods this morning, sending SYY +10%. Bizarre. Refiners were upgraded at numerous investment banks, further twisting the ALJ blade into my abdomen. I just can’t let this one go.
GMCR is edging up in pre-market and the BDI was up again this morning. I am seeing lots of reasons to be bullish today. There is a certain smell of risk in the air, heading into the New Year, but first pagan XMAS.
MCD sucks because their food is poisonous. Once again, I am long term bearish on all poisonous food retailers, like MCD, Burger King and YUM. I am, however, constructive on CMG, SBUX and PNRA.
Speaking of coffee: coffee, the commodity, is off by 65% in recent years, obviously a giant boon for companies like SBUX, GMCR and SJM. I am bullish on GMCR because the laws of nature dictate short sellers have no choice but to capitulate.
Here’s to capitulation!