Markets have largely given us more to be thankful for this year. Today we take a look at some common Thanksgiving related stocks and their technical picture
Despite major swings throughout the year, markets have given us yet another thing to be thankful for this year as the S&P 500 looks to close in on its third consecutive year of gains. While the 15% return (if things stay the same…) for SPX won’t taste quite as good as the previous two years of 20%+ gains, most of us certainly won’t complain as we open the holiday season on the right foot.
If you ask around the NDW office in Richmond, you will get a myriad of answers as to what our favorite Thanksgiving dish is. While we probably won’t ever agree who will win the classic Mac & Cheese vs. Mashed Potatoes debate, there is one Thanksgiving related item most of us will understand: Stuffing (or Dressing) our portfolio with technically actionable stocks. With that in mind, we will observe the technical picture of a handful of Thanksgiving related stocks you might find yourself enjoying this week.
An NDW favorite this time of year is a local ZZQ turkey. Sadly, that isn't available for all of us, so we will look at a few names that you may find in the grocery store this year. Tyson Foods TSN & Seaboard Corporation SEB (think Butterball) are two of the world's largest turkey producers. While TSN looks to have had a bit of a Thanksgiving Day disaster (said otherwise, is a poor attribute stock…) SEB has improved quite notably off 2025 lows. Since breaking back into a positive trend in May, the stock has gained nearly 80%, sitting on a string of buy signals with support around some old resistance. Other, more high volume consumer staples names have lagged behind this year… so while their food may be delicious, it might not be best suited for a seat in your portfolio.
For many of us, turkey isn’t the star of the show. With so many sides to choose from, there isn’t always enough room on the plate for everything for your first serving. But we can bet that the thing that makes its way into most of our Thanksgiving “starting lineups” is going to be the mashed potatoes. Post Holdings POST owns a wide variety of packaged food brands, with mashed potatoes and mac & cheese brand Bob Evans a staple in their portfolio. While Uncle Bob Evans may be making an appearance at your Thanksgiving table, he is probably best left out of your stock portfolio this year. POST is a poor 2/5’er, sitting on a string of four consecutive sell signals and newly established negative trend. Bob Evans, we enjoy your mashed potatoes… but not your technical picture.
After all is said and done, many of us will look to skip out on Thanksgiving clean up by watching Thanksgiving Football (or maybe dozing off…) on our LA-Z Boy recliners. LZB presents quite an interesting technical backdrop. While it is off roughly 15% for the year, it has recently seen significant technical improvement, moving back into a positive trend and earning near-term relative strength against both the market and its peer group… earning it a 4/5 TA score. While those looking to pick up exposure should continue to monitor closely in the event that the recent rally falls apart, the movement is certainly interesting…. But maybe set an alert to wake you up from a thanksgiving slumber if price action falls apart.
The NDW team wishes you safe travels and well wishes this Thanksgiving. Enjoy the time with family and friends. We will be back in the office for the market half day 11/28.
