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Stock Market & Financial Investment News

News Breaks
August 15, 2014
10:23 EDTHRLHormel volatility flat into Q3 and outlook
Hormel September call option implied volatility is at 20, December 18; compared to its 26-week average of 19 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on August 21.
News For HRL From The Last 14 Days
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November 24, 2014
10:06 EDTHRLHormel Foods December volatility increases into Q4 and outlook
Hormel Foods December call option implied volatility is at 26, January is at 24, March is at 19; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 21, 2014
10:01 EDTHRLOn The Fly: Analyst Initiation Summary
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08:23 EDTHRLHormel Foods December volatility increases into Q4 and outlook
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07:26 EDTHRLHormel Foods initiated with a Hold at Deutsche Bank
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November 17, 2014
10:29 EDTHRLTyson 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.
November 10, 2014
12:09 EDTHRLUSDA raises 2014 meat production forecast, lowers 2015
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