Traditionally, this is a family day, where loved ones gather together around the table for a Thanksgiving meal. Most important is the turkey (hence the nickname "Turkey Day"), with sides of stuffing, mashed potatoes, gravy, sweet potatoes, cranberry sauce, corn, rolls and pumpkin pie. Which leads us to the ETFs. Do you think PowerShares Dynamic Food and Beverage (PBJ) will experience a rally as we head into the holiday season? With heavyweights such as Kroger (KR) 5.1%, and General Mills Inc (GIS) 4.93%, they are sure to go on an upswing.
This year also marks the 60th anniversary of The National Thanksgiving Turkey Presentation. Since the Lincoln Administration, live turkeys have been presented to the presidents. They grant the turkey a pardon and this year’s lucky bird will be flown to Disney World in Orlando, where he will be grand marshal of the Disney Thanksgiving Day parade.
As for the other unlucky turkeys, most families will be tastefully thankful for their nourishment. Except in Britain, where the recent slaughter had nothing to do with giving thanks.
Have a grateful day!
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.