Tyson Foods (TSN: NYSE)

Tyson Foods (TSN) is a global food company focused on the production and distribution of meat products. As economic growth shows signs of slowing and a hard landing becomes more likely, Tyson Foods is positioned to benefit as investors typically turn to consumer staples like Tyson to hedge against downturns and capitalize on generous dividends.

Recent insider activity supports this bullish outlook, with significant accumulation of Tyson Foods stock by those with an informational edge, including notable purchases by Congress members in 2024. Additionally, Tyson’s CEO has announced a raise in the company’s quarterly dividend, with the 2024 dividend expected to be 2% higher than in 2023. This increase, coupled with the board’s confidence in the company’s performance, suggests that Tyson Foods is on a positive trajectory.

We are bullish on TSN above $54.00-$55.00, with an upside target of $85.00-$86.00.

Bonk (BONKUSDT)

BONK has been experiencing a steady decline after its recent strong recovery bounce, with current price action suggesting the potential for further downside as it starts to fill the daily wick. The invalidation levels are clear: a candle close under the trend line or a close below the wick lows, depending on your risk tolerance. To manage risk effectively, consider laddering into the position as the price moves into the designated entry zone.

The suggested entry range for this trade is between $0.00001714 and $0.00001661. For profit-taking, target levels are set at $0.00001853 and $0.00001975. Depending on your risk profile, set a stop-loss at either a candle close under $0.00001629 or a more conservative level at a close below $0.00001538.