GIS - OCT 1 2013

Old chart from last week - 3 year weekly chart

 

Lets look at the long term chart and top down fundamentals:

• Strong strong trend past 3 years
• Long term chart says correction needed
• Likely correction longer term out
• 60% of top line from US --> how is consumption in staples?
• How are commodities prices? Is there pressure? If pressure what spill over can we expect?
• Inflation indicates probably no price pressure, Fed confirms with policy (however there are divergences from individual commos markets to equities, must look more carefully)
• How is growth expansion abroad? Can GIS diversify revenue further?

It would be nice to see longer historical price trends. No thoughts no calls, no HW done.