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Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:38 EDTTSN, HSH, PPCHillshire Brands volatility expected to move on Tyson Foods offer
Hillshire Brands (HSH) option volatility is expected to move on Tyson Foods (TSN) offers to acquire for $50.00 per share in cash. Pilgrim's Pride Corporation (PPC) has proposed to acquire Hillshire Brands for $45 per share in cash. Overall option implied volatility of 25 is at its 26-week average of 25 according to Track Data, suggesting non-directional price movement.
News For HSH;TSN;PPC From The Last 14 Days
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January 28, 2015
16:55 EDTPPCOn The Fly: Closing Wrap
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12:52 EDTPPCOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as a blowout quarter from Apple (AAPL) offset a bit of the earnings season jitters that several Dow members' misses had sent through the market yesterday. The market saw its highs a short time after the open, as the better than expected earnings reports from both Apple and Boeing (BA) drove an early bounce. The U.S. averages gave up all their gains and moved into the red for a moment, but have managed to drift higher again following the close of the European markets. Next up is the Fed’s rate announcement and accompanying statement, which is due out shortly. ECONOMIC EVENTS: In the U.S., crude oil inventories built up by 8.87M barrels last week, versus the consensus forecast for a build of 3.85M barrels. The price of WTI crude was down 2.5% near noon following the report and dipped back below $45 per barrel earlier in the morning. The Federal Reserve’s rate announcement is due out this afternoon at 2:00 pm ET. COMPANY NEWS: Shares of Apple jumped nearly 8% after the tech giants first quarter results handily topped estimates. A number of analysts hiked their price targets for the stock after the report, with JPMorgan raising its price target for Apple shares to $140 from $112 and Cantor increasing its price target to a "Street high" $160 from $143. Of note, Apple also said that Apple Watch is expected to ship in April... Yahoo (YHOO) shares rose 2.3% after the company reported earnings and announced plans to split into two companies: one that will own Yahoo’s core operating business and its stake in Yahoo Japan and another that will hold a legacy operating business and Yahoo’s remaining 15% stake in Alibaba (BABA). Yahoo plans for a tax-free spin-off of the company's remaining 384M shares of Alibaba, valued at $40B based on the closing price on January 26, and people familiar with the matter told Financial Times that the decision "significantly increases" the chances of Alibaba buying back that stake. MAJOR MOVERS: Among the notable gainers was Abiomed (ABMD), which jumped 30% after announcing that the Impella RP System has received FDA approval under a Humanitarian Device Exemption and raising its FY15 revenue guidance. Also higher following their earnings reports were Freescale Semiconductor (FSL), which rose 20%, U.S. Steel (X), which gained 14%, and Electronic Arts (EA), which advanced 14%. Among the noteworthy losers was Pilgrim's Pride (PPC), which dropped 6% as its shares went "ex-special dividend," meaning investors buying the stock from here forth will not be entailed to the $5.77 per share special dividend, which is payable on February 17. Also lower following their earnings reports were Radware (RDWR), which fell over 13%, and Ethan Allen (ETH), which dropped more than 12%. INDEXES: Near midday, the Dow was up 71.28, or 0.41%, to 17,458.49, the Nasdaq was up 31.54, or 0.67%, to 4,713.03, and the S&P 500 was up 5.31, or 0.26%, to 2,034.86.
08:52 EDTPPCPilgrim's Pride lower as shares go ex-special dividend
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07:44 EDTTSNTyson Foods volatility elevated into Q1 and outlook
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January 27, 2015
07:07 EDTTSNTyson Foods to invest over $110M in Vienna, GA operations
Tyson Foods is making major improvements to its Vienna, Georgia poultry plant as part of an ongoing plan to maximize efficiencies and meet growing demand for its products. The capital improvement project, valued at more than $110M, will bolster the future of the operation and create more than 500 jobs in Vienna. The project will upgrade parts of the plant and add about 100,000 square feet. Improvements will include new equipment and production lines, as well as processes and technology designed to benefit food safety, quality and workplace safety.
January 26, 2015
10:30 EDTPPCOptions with decreasing implied volatility
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January 21, 2015
10:54 EDTPPCOptions with increasing implied volatility: PPC EUO GLD
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January 20, 2015
14:29 EDTTSNTyson Foods settles Missouri chemical spill suit for $540K
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10:45 EDTPPCOptions with increasing implied volatility
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January 16, 2015
10:27 EDTPPCOptions with increasing implied volatility
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January 15, 2015
12:26 EDTPPCOn The Fly: Midday Wrap
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09:15 EDTPPCOn The Fly: Pre-market Movers
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