Jim Cramer Explains Why Sysco Stock Is “Such a Steal After the Sell-Off”
Sysco Corporation (NYSE:SYY) is among Jim Cramer’s stock calls as he discussed the impact of the bond market. Cramer highlighted the possible impact of the company’s Jetro deal, as he stated: Last week, Sysco Corporation, SYY kind, made a big move and Wall Street doesn’t seem to like it. The food distribution kingpin announced that it’s acquiring Jetro Restaurant Depot, for $29 billion in cash and stock. Sysco plunged from $81 to $69 on the news. And while it’s rebounded to $73 today, it’s still down. I t ...