SOURCE: World Street Fundamentals

October 06, 2011 09:00 ET

Analyst View, Impact of Global Events - Research Report on Hormel Foods Corporation and Smithfield Foods, Inc.

HONG KONG--(Marketwire - Oct 6, 2011) - Today, released its industry report highlighting Hormel Foods Corporation (NYSE: HRL) and Smithfield Foods, Inc. (NYSE: SFD). Full fundamental and technical analysis is available at

Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets'.

As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.

Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.

World Street Fundamentals has highlighted Hormel Foods Corporation for its current position within the consumer goods industry. Hormel Foods Corporation is engaged in the production of a range of meat and food products and the marketing of those products throughout the United States and internationally. The Company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store (JOTS), Specialty Foods, and All Other. The entire report on Hormel Foods Corporation (NYSE: HRL) is available here:

World Street has featured Smithfield Foods, Inc. for its development within the consumer goods industry. Smithfield Foods, Inc., together with its subsidiaries, produces and markets a range of fresh meat and packaged meat products both domestically and internationally. The Company operates in four se segments: Pork, Hog Production, International and Corporate. The Pork segment consists of three wholly owned United States fresh pork and packaged meats subsidiaries. The entire report on Smithfield Foods, Inc. (NYSE: SFD) is available here:

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