The Latest Breaking News from SYY

The stock market has been gyrating wildly lately on concerns over the Fed’s tighter monetary policy to tamp down inflation, and on ongoing geopolitical crises. Furthermore, many analysts expect the U.S. economy to slide into a recession soon. Given the uncertainty surrounding the market, we think it could be wise…

Foodservice distribution company Sysco Corp (NYSE:SYY) has signed a Letter of Intent (LOI) with Daimler Truck North America (DTNA) for electric vehicle deployment. Under the agreement, Sysco will deploy up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026. The financial terms were not disclosed. The first eCascadia delivery is expected to arrive at Sysco's…

Looming interest rate increases to tame surging inflation, intensifying geopolitical tensions, and the possibility of an economic slowdown will likely keep the stock market under pressure in the near term. Therefore, we think fundamentally sound dividend aristocrats Sysco Corporation (SYY) and Nucor Corporation (NUE) could be ideal bets to ensure…

Expecting 150% EPS growth when it reports May 10, leading food distributor Sysco is testing a new buy zone as the market corrects.

Sysco (NYSE:SYY) has observed the following analyst ratings within the last quarter:

Despite rising food prices and deepening supply chain disruptions, the growing demand for fresh and frozen food products should benefit food distribution companies Sysco (SYY) and US Foods (USFD). But which of these stocks is a better buy now? Read more to find out.

The Russia-Ukraine war has led to heightened volatility in the stock market. The consumer staples sector faces a persistent demand, making them decline less during bear markets. Therefore, it could be worth buying the dip in consistent dividend-paying stocks in the consumer staples sector Colgate-Palmolive (CL), Sysco Corporation (SYY), and…

Over the past 3 months, 7 analysts have published their opinion on Sysco (NYSE:SYY) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

If history is any guide, there may be good fortune ahead for shares of Sysco (NYSE:SYY). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.