Money Minute: Tyson Recalls Tainted Nuggets; Are Stocks Overpriced?

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Tyson Foods (TSN) is recalling 75,000 pounds of chicken nuggets, after customers found small bits of plastic inside. No illnesses have been reported, but the company is advising that if you still have one of the contaminated five-pound bags in your freezer, throw it away. Call the company's toll free line, 800-328-3156, with any questions. The nuggets were sold at Sam's Club.

Stocks could be at a key turning point.

A number of Wall Street pros believe the market is in a dangerous position. After the Standard & Poor's 500 index (^GPSC) hit record highs last week, we saw a big sell-off on Friday despite some more good economic news.

Many of the stocks that ran up the fastest last year and earlier this year, have been taking a beating. Facebook (FB), Amazon.com (AMZN), Tesla Motors (TSLA) and a long list of other so-called momentum stocks have tumbled by 20 percent or more from their recent high. Many investors now see them as overvalued.

For the 5-year-old bull market to continue, these stocks will need to stabilize, and investors will have to rotate into a new group of favored stocks.
Compounding the problem, a new earnings season begins tomorrow and any disappointments could lead to heavy selling.

Here on Wall Street last week, the Dow Jones industrial average (^DJI) gained 0.6 percent, coming within a whisker of the all-time closing high several times. The S&P 500 added 0.4 percent, but the Nasdaq composite (^IXIC) fell 0.7 percent.

MasterCard (MA) has swiped a big account. Walmart's (WMT) co-branded credit card will switch to MasterCard, beginning this summer, ending a relationship with Discover Card (DFS). But if you have one of those Discover cards, don't worry -- they'll still work. And Walmart is still at war with Visa (V), the nation's largest credit card company. The retailer sued Visa last month, seeking more than $5 billion for allegedly violating anti-trust rules with its swipe fees.

-Produced by Drew Trachtenberg.


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26 Comments

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dopey.obamite

Keep your nuggets away from your taint. Done.

April 07 2014 at 10:38 PM Report abuse rate up rate down Reply
thefacts22

All stocks are overpriced,and they have accelerated in the last 5 years,that is why our once powerful dollar is today trading at an all time low....but the feds say we do not have inflation?

April 07 2014 at 4:35 PM Report abuse -1 rate up rate down Reply
ordobtrebla

Tyson advises customers not to use the bags of chicken with plastic pieces in them...
However..... The ones with sharp pieces of glass are ok to eat...LOL...
This story is a joke....
I mean... You may die if you eat our food... But don't worry...
The stocks are holding steady...

April 07 2014 at 4:17 PM Report abuse +2 rate up rate down Reply
Hello Mark

Stocks have been overpriced for decades. But where else do you invest your money? Bonds, coins, collectibles? No, the stock market is still the most solid place over the long haul. Just hang in........

April 07 2014 at 2:53 PM Report abuse +1 rate up rate down Reply
1 reply to Hello Mark's comment
thefacts22

Until one day in not a distant future,get ready to face what is coming.We have to be like spiders,always ready with another line to hang

April 07 2014 at 4:40 PM Report abuse +1 rate up rate down Reply
jdykbpl45

Prices are being adjusted by the market.

April 07 2014 at 1:12 PM Report abuse +2 rate up rate down Reply
Anthony Colacicco

They're **

April 07 2014 at 12:41 PM Report abuse -1 rate up rate down Reply
Anthony Colacicco

Not surprising considering Tyson foods is only in it for money and the gullibility, ignorance and stupidity of the public. Thy have been caught many times in undercover investigations tormenting and torturing animals, too.

Just Throw away your 5 five pound bags of chicken nuggets, It's no big deal. We treat millions of sentient being every week like their garbage anyways.

April 07 2014 at 12:24 PM Report abuse +2 rate up rate down Reply
1 reply to Anthony Colacicco's comment
tru.liberal

Only in it for the money? Why do you think Tyson should be in business if not for the money? After all, you could start a food company that gave away your product for free too. But you don't. Does this mean you're only in it for the money?

And being in it for the money, don't they want to please their customers? I mean buyers of their product have other choices. So if they're only in it for the money, doesn't this provide evidence that they'll only be able to reach their goals if they are more successful at serving the needs and wants of their customers than are their competitors?

April 07 2014 at 1:42 PM Report abuse -2 rate up rate down Reply
1 reply to tru.liberal's comment
squinet2

Tyson wreaks of animal cruelty and that's is NOT O.K.....

April 07 2014 at 2:48 PM Report abuse +3 rate up rate down
egloryriver

Opps, I mean Pilgrim's. I buy the 5lb box at Sam's.

April 07 2014 at 11:57 AM Report abuse rate up rate down Reply
egloryriver

I always buy Pilgrim's Pride Chicken Strips, grown and processed in the USA. I use them in sandwiches, diced in pasta and rice dishes, diced in burritos, or if I am in a bind by themselves with a baked potato and veggies. The only complaint I have is some batches have a tad too much pepper for my taste. I can't stand Tyson as their strips always taste gamie like it is way too old. Now I know why...who knows how many times it remained unrefrigerated. Other brands taste bad too--minced mystery meat.

April 07 2014 at 11:51 AM Report abuse rate up rate down Reply
drlolipop2

Throw it away? Nice try, crooks.....people aren't going to throw away your worthless plastic chicken, they will return it for refunds.

April 07 2014 at 11:46 AM Report abuse +4 rate up rate down Reply