KHC is under pressure from rising food and energy input costs and limited pricing power, resulting in a bearish technical trend.
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So a company like Kagra or a company like Craft Hind or a company like Nike or a company, you know, if all of those companies were equal weighted to a Microsoft, to an Nvidia, then the S&P would actually be down over 6% from all-time highs.
Kagra continuing to come lower here, guys. So again, this is probably pricing pressure in related to their earnings. And by the way, JBL had a good earnings report, but they were just too high on the charts.
Kagra maybe not so good here. And again, if you think about it, the input cost, food and energy, right? I mean, Kagra's got to ship all its TV dinners or whatever it is to to stores.
Those costs are going up. The cost of food is going up. How much can you raise the price of a TV dinner before people start just saying, "Hey, listen. I'm just going to cook it myself."
Um, or do the best I can. And so I think there's a lot of inflation pressure on Kagra. Now listen, if you go to the daily chart, I am watching I have this bigger parallel uh that's quite a bit lower, but I will be watching double bottom a dollar lower around 1260.
If we get there today, I would be interested in a day trade, potentially a swing trade on that.
What this channel has said about $KHC
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