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Stock Market & Financial Investment News

News Breaks
January 4, 2013
13:39 EDTHSY, SFD, CQB, HNZ, HRL, TSN, DOLE, K, SJM, SAFM, FDP, CPB, KFT, UN, MDLZ, ECL, GIS, ULFDA proposes new standards for foodborne illness prevention, produce safety
The U.S. Food and Drug Administration announced earlier that it proposed two new food safety rules that will help prevent foodborne illness. The proposed rules implement the Food Safety Modernization Act, or FSMA, and are available for public comment for the next 120 days, the FDA said. These two FSMA rules are part of an integrated reform effort that focuses on prevention and addresses the safety of foods produced domestically and imported, with additional rules to be published shortly. The first rule proposed would require makers of food to be sold in the United States, whether produced at a foreign- or domestic-based facility, to develop a formal plan for preventing their food products from causing foodborne illness. The rule would also require them to have plans for correcting any problems that arise. The FDA is proposing that many food manufacturers be in compliance with the new preventive controls rules one year after the final rules are published in the Federal Register but small and very small businesses would be given additional time. The FDA also seeks public comment on the second proposed rule, which proposes enforceable safety standards for the production and harvesting of produce on farms. This rule proposes science- and risk-based standards for the safe production and harvesting of fruits and vegetables. The FDA is proposing that larger farms be in compliance with most of the produce safety requirements 26 months after the final rule is published in the Federal Register. Small and very small farms would have additional time to comply, and all farms would have additional time to comply with certain requirements related to water quality. The FDA seeks public comment on this proposal, it stated.
News For ECL;UN;UL;MDLZ;KFT;GIS;K;HNZ;CPB;DOLE;CQB;FDP;TSN;SFD;SAFM;HRL;HSY;SJM From The Last 14 Days
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April 24, 2015
09:33 EDTSAFMSanderson Farms downgraded to Neutral from Buy at Cleveland Research
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April 23, 2015
11:43 EDTECLEcolab management to meet with Jefferies
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07:07 EDTHSYHershey confirms FY15 adjusted EPS view $4.30-$4.38, consensus $4.35
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07:05 EDTHSYHershey reports Q1 adjusted EPS $1.09, consensus $1.16
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April 22, 2015
15:50 EDTHSYNotable companies reporting before tomorrow's open
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07:28 EDTSAFM, HRL, TSNMexico halts imports of poultry products from Iowa due to bird flu, Reuters says
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April 21, 2015
10:26 EDTHSYHershey announces results of first phase of palm oil supply tracing
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08:33 EDTHRL, SAFM, TSNBird flu outbreak spreads to large Iowa chicken farm, WSJ reports
An Iowa farm with about 5.3M chickens in Osceola County is the latest, and largest, chicken flock to be affected by an ongoing outbreak of avian influenza, or bird flu, reported The Wall Street Journal. The addition of this large flock brings the total number of chickens and turkeys affected by avian influenza to nearly 8M, the report noted. Last night, Hormel Foods (HRL) provided additional information regarding the anticipated impact of recent avian influenza outbreaks on its Jennie-O Turkey Store segment, stating that lower turkey supply is expected to impact plant operations and cause reduced sales volumes as the year progresses. Other publicly traded companies in the meat production space include Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
April 20, 2015
17:02 EDTHRLHormel Foods backs FY15 adjusted EPS view of $2.50-$2.60, consensus $2.60
17:01 EDTHRLHormel Foods discusses impact of recent avian influenza outbreaks
Hormel Foods provided additional information regarding the anticipated impact of recent avian influenza outbreaks on its Jennie-O Turkey Store segment. Highly pathogenic H5N2 avian influenza, or HPAI, has been detected at multiple turkey farms that supply Jennie-O Turkey Store, resulting in the loss of affected flocks and temporary quarantine of farms in the area until a full cleaning process is completed. Lower turkey supply is expected to impact plant operations and cause reduced sales volumes as the year progresses. Jennie-O Turkey Store is managing the occurrences in full cooperation with the USDA Animal and Plant Health Inspection Service and state agency officials, and is collaborating closely with industry associations and other poultry companies in the region to ensure food safety and employee safety. All flocks are tested for influenza prior to processing. No birds diagnosed with HPAI are allowed to enter the food chain.
10:00 EDTHSYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 58.com (WUBA) initiated with a Hold at Summit Research... Aduro Biotech (ADRO) initiated with a Buy at Roth Capital... Alibaba (BABA) initiated with a Buy at Summit Research... Baidu (BIDU) initiated with a Buy at Summit Research... Callaway Golf (ELY) initiated with a Buy at Jefferies... Cellectis (CLLS) initiated with a Buy at Jefferies... Changyou.com (CYOU) initiated with a Buy at Summit Research... Cheetah Mobile (CMCM) initiated with a Buy at Summit Research... Ctrip.com (CTRP) initiated with a Hold at Summit Research... Dynegy (DYN) initiated with an Overweight at Morgan Stanley... FMC Corporation (FMC) initiated with a Neutral at Monness Crespi... Franklin Financial Network (FSB) initiated with a Buy at BofA/Merrill... Granite Construction (GVA) initiated with an Outperform at Cowen... Hershey (HSY) initiated with a Reduce at Nomura... JD.com (JD) initiated with a Hold at Summit Research... Jumei (JMEI) initiated with a Buy at Summit Research... McEwen Mining (MUX) initiated with a Buy at H.C. Wainwright... Natural Gas Services (NGS) initiated with a Neutral at Sidoti... New Residential (NRZ) initiated with a Buy at BofA/Merrill... Platform Specialty Products (PAH) initiated with an Outperform at Credit Suisse... Qihoo 360 (QIHU) initiated with a Buy at Summit Research... Qunar (QUNR) initiated with a Buy at Summit Research... SINA (SINA) initiated with a Hold at Summit Research... Smith & Wesson (SWHC) initiated with a Sector Perform at RBC Capital... Sohu.com (SOHU) initiated with a Hold at Summit Research... SolarEdge (SEDG) initiated with a Buy at Deutsche Bank... Splunk (SPLK) initiated with a Buy at Citigroup... Tableau (DATA) initiated with a Neutral at Citigroup... Team Health (TMH) initiated with an Outperform at Leerink... Tuniu (TOUR) initiated with a Buy at Summit Research... Vipshop (VIPS) initiated with a Buy at Summit Research... Vista Outdoor (VSTO) initiated with an Outperform at RBC Capital... Weibo (WB) initiated with a Buy at Summit Research... YY Inc. (YY) initiated with a Buy at Summit Research... Youku Tudou (YOKU) initiated with a Hold at Summit Research... Zhaopin (ZPIN) initiated with a Hold at Summit Research.
10:00 EDTGIS, ULOn The Fly: Analyst Upgrade Summary
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07:41 EDTULUnilever upgraded on improvement in business at RBC Capital
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07:17 EDTHSYHershey initiated with a Reduce at Nomura
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06:20 EDTGISGeneral Mills upgraded to Neutral from Sell at Goldman
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06:04 EDTUL, UNUnilever upgraded to Outperform from Sector Perform at RBC Capital
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April 17, 2015
06:18 EDTHSYHershey removed from US Focus List at Citigroup
Citigroup removed Hershey from its US Focus List saying it does not expect the company's Q1 results to be a catalyst for shares given the "weak" macro environment for packaged foods. The firm, however, still likes Hershey shares and expects margins and earnings to accelerate following Q1. It keeps a Buy rating on the stock with a $120 price target.
April 16, 2015
19:46 EDTECLEcolab to acquire Travelers North Tower in St. Paul, MN, terms not disclosed
Ecolab (ECL) has signed a purchase agreement to acquire the 17-story North Tower from Travelers (TRV) in downtown St. Paul, MN. The transaction is expected to close in Q3, and by the end of 2018, Ecolab will relocate all associates from the three buildings that comprise its world headquarters in downtown St. Paul to the North Tower. Financial terms of the agreement are not being disclosed.
05:31 EDTULUnilever raises quarterly dividend by 6% to EUR 0.302 per share
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05:31 EDTULUnilever reports Q1 underlying sales growth at 2.8%, emerging markets up 5.4%
Reports turnover up 12.3% to EUR 12.8B.
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