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Jim Cramer: Time to Sell Tyson Stock

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China said that it's suspending poultry imports from Tyson following an outbreak of coronavirus infections at its plant in Springdale, Arkansas.

China's General Administration of Customs announced the decision via its website on Sunday, adding to a suspension of pork products from a COVID-19-hit production facility in Germany last week. Coronavirus cases have been rising in China for that past ten days, led by a surprise outbreak in the capital city of Beijing. In fact, PepsiCo China said it shuttered one of its food-processing plants in the city's Daxing district Sunday after discovering positive tests among a number of employees. 

As part of its effort to control the recent outbreak, China's customs officials have told food producers from around the world that they're willing to take "all necessary measures to eliminate food safety risks and protect consumer health."

Tyson said last Friday that 481 workers, from a labor force of 3,748 in two Arkansas facilities, tested positive for the coronavirus, but noted that only 26 of those who tested positive were showing symptoms of the disease. 

Jim Cramer, when asked about Tyson, said that the company needs to shut down the impacted plants for two weeks.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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