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Stock Market & Financial Investment News

News Breaks
January 3, 2013
12:22 EDTHSH, HRLHillshire Brands weakness a buying opportunity, says JPMorgan
JPMorgan attributes today's pullback in shares of Hillshire Brands (HSH) to Hormel Foods (HRL), a potential suitor of the company, buying Skippy peanut butter. The firm recommends buying Hillshire on the pullback.
News For HSH;HRL From The Last 14 Days
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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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