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Stock Market & Financial Investment News

News Breaks
February 4, 2013
10:17 EDTYHOO, SRE, TXN, TKR, MXWL, TSN, WYNN, WU, STJ, BEN, VLO, PRGO, MCHP, UCTT, MJN, BBRYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BlackBerry (BBRY) upgraded to Outperform from Market Perform at Bernstein... Franklin Resources (BEN) upgraded to Outperform from Market Perform at Keefe Bruyette... Maxwell (MXWL) upgraded to Overweight from Neutral at Piper Jaffray... Mead Johnson (MJN) upgraded to Conviction Buy from Neutral at Goldman... St. Jude Medical (STJ) upgraded to Outperform from Neutral at Credit Suisse... Timken (TKR) upgraded to Buy from Neutral at BofA/Merrill... Ultra Clean (UCTT) upgraded to Buy from Hold at Needham... Western Union (WU) upgraded to Buy from Hold at Deutsche Bank... Texas Instruments (TXN) upgraded to Buy from Neutral at ISI Group,,, Microchip (MCHP) upgraded to Buy from Neutral at ISI Group... Wynn Resorts (WYNN) upgraded to Buy from Neutral at ISI Group... Sempra Energy (SRE) upgraded to Overweight from Neutral at JPMorgan... Perrigo (PRGO) upgraded to Overweight from Equal Weight at Morgan Stanley... Tyson Foods (TSN) upgraded to Buy from Underperform at CLSA... Yahoo! (YHOO) upgraded to Buy from Hold at Stifel Nicolaus... Valero Energy (VLO) upgraded to Neutral from Underperform at Macquarie.
News For BBRY;BEN;MXWL;MJN;STJ;TKR;UCTT;WU;TXN;MCHP;WYNN;SRE;PRGO;TSN;YHOO;VLO From The Last 14 Days
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November 17, 2014
10:29 EDTTSNTyson advances after profit beats expectations
Shares of meat producer Tyson Foods (TSN) are climbing after the company reported higher than expected profits and roughly in-line revenue. The company also made optimistic comments about the outlook for its meat products. WHAT'S NEW: Tyson reported fourth quarter earnings per share, excluding some items, of 87c, versus analysts' consensus estimate of 76c. The company's Q4 revenue of $10.11B was roughly in-line with expectations. Tyson provided fiscal 2015 EPS guidance of $3.30-$3.40, versus the consensus outlook of $3.33. However, the meat producer's fiscal 2015 revenue guidance came in at $42B, compared with the consensus outlook of $42.51B. Tyson expects its chicken segment to generate a 7%-9% return on sales over the long-term, but a return on sales of more than 10% in fiscal 2015. Hillshire Brands, which was acquired by Tyson earlier this year, should generate revenue synergies of $4B in fiscal 2015, added Tyson. Meanwhile, demand for beef is "very strong," and pork margins should be good in 2015, the meat producer stated. PRICE ACTION: In late morning trading, Tyson gained 4% to $42.34. Other meat producers also advanced, with Sanderson Farms (SAFM) rising 0.5% to $84.17 and Hormel Foods (HRL) gaining 0.6% to $54.84.
09:49 EDTTSNTyson Foods says 'very optimistic' about demand in chicken segment
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09:36 EDTYHOOActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
09:26 EDTTSNTyson says demand for beef 'very strong'
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09:22 EDTTSNTyson Foods trades higher after earnings, levels to watch
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09:22 EDTTSNOn The Fly: Pre-market Movers
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09:00 EDTTKRTimken management to meet with ISI Group
Meetings to be held in New York on November 17 and in Canada on November 18 hosted by ISI Group.
07:35 EDTTSNTyson Foods sees Hillshire acquisition adding $4B in revenues in FY15
The company says "We expect to realize substantial synergies from combining our Prepared Foods business with Hillshire Brands. Synergies are expected to come primarily from operational improvements, purchasing and distribution. As we execute our Prepared Foods strategy, we estimate the impact of the Hillshire Brands synergies, along with the cost savings and the production efficiencies associated with the previously announced plant closures, will positively impact our Prepared Foods segment by more than $225 million in fiscal 2015, and more than $500 million by the third full year of ownership. As we continue to integrate these businesses and deliver the first year synergies, the near-term results for fiscal 2015 are expected to be above the top end of our prior range of 6% despite a projected increase in raw material costs. However, as a result of the improvements we have made in our Prepared Foods business, our acquisition of Hillshire Brands and the significant synergies we expect to realize over the next few years, we believe the long-term profitability of this business should be between 10-12%."
07:35 EDTTSNTyson Foods sees FY15 sales $42B, consensus $42.51B
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07:33 EDTTSNTyson Foods sees FY15 adjusted EPS $3.30-$3.40, consensus $3.33
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07:32 EDTTSNTyson Foods reports Q4 adjusted EPS 87c, consensus 76c
Reports Q4 revenue $10.11B, consensus $10.16B.
06:16 EDTYHOOInvestors wanting Alibaba should consider Yahoo, says Citigroup
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November 14, 2014
18:05 EDTTKRRelational Investors gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: None. DECREASED STAKES: Mondelez (MDLZ), Manitowoc (MTW), Clean Harbors (CLH), and Hologic (HOLX). LIQUIDATED STAKES: Ingersoll-Rand (IR), B/E Aerospace (BEAV), Timken (TKR), Hess (HES), and NXP Semiconductors (NXPI).
17:07 EDTYHOOSoros Fund Management gives quarterly update on stakes
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16:26 EDTBBRYNasdaq clear leader as major averages end week higher
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13:03 EDTYHOOYahoo rises after analysts boost targets
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08:25 EDTYHOOYahoo price target raised to $61 from $49 at Oppenheimer
Oppenheimer increased its price target on Yahoo (YHOO) as the firm raised its valuation of Alibaba (BABA) to $324B from $275B. The firm keeps an Outperform rating on Yahoo.
08:21 EDTYHOOYahoo price target raised to $60 from $50 at FBR Capital
FBR Capital raised its price target for Yahoo (YHOO) shares to $60 to reflect Alibaba (BABA) stock appreciation. FBR says Yahoo offers a lower-cost play on Alibaba with the potential for improved core Yahoo performance. It keeps an Outperform rating on the stock.
07:20 EDTBBRYBlackBerry price target raised to $13 from $10 at JPMorgan
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07:19 EDTBBRYBlackBerry new partnerships positive, but still early days, says RBC Capital
RBC Capital believes that BlackBerry has recruited good partners and distributors, but the firm thinks it's still unclear whether BES 12 can gain share from other Enterprise Mobility Management systems. RBC Capital keeps a $12 price target and Sector Perform rating on BlackBerry.
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