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January 10, 2014
12:04 EDTHOGS, PPC, TSN, HRL, SAFMRed meat, poultry production forecasts lowered from December
According to the latest WASDE report from the USDA, forecasts for total red meat and poultry production for both 2013 and 2014 are lowered from December. For 2013, beef production is raised, but pork, broiler, and turkey production are reduced. The forecast for 2014 is reduced as lower pork and turkey production more than offset an increased beef production forecast. Beef imports are unchanged for 2013, but are raised slightly for 2014. Beef exports are raised for both 2013 and 2014 as the pace of exports over the past several months has been strong. Pork imports and exports for both 2013 and 2014 are unchanged from last month. Reference Link
News For PPC;SAFM;TSN;HOGS;HRL From The Last 14 Days
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January 30, 2015
09:11 EDTTSNTyson Foods sees FY15 EPS $3.30-$3.40, consensus $3.40
09:10 EDTTSNTyson Foods says food services could continue to improve with lower fuel costs
09:07 EDTTSNTyson Foods to continue to 'hold' in China until demand improves
Comments made during Q1 earnings conference call.
07:43 EDTTSNTyson Foods sees FY15 revenue about $42B, consensus $42.29B
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07:41 EDTTSNTyson Foods sees FY15 chicken feed costs lower than FY14
Tyson Foods provided the following guidance: "Current USDA data shows an increase in chicken production of 3% in FY15. More recent data indicates a greater increase in supply; however, we believe demand will more than keep pace with the supply change. Based on current futures prices, we expect lower feed costs in FY15 compared to FY14 of approximately $400M. Many of our sales contracts are formula based or shorter-term in nature, but there may be a lag time for price changes to take effect. Based on the strong demand forecast and anticipated favorable pricing environment, we now believe our Chicken segment's operating margin will be above 11% for the remainder of FY15. We expect to see a reduction of industry fed cattle supplies of 4%-5% in FY15 as compared to FY14. Although we generally expect adequate supplies in regions we operate our plants, there may be periods of imbalance of fed cattle supply and demand. For FY15, we believe our Beef segment's profitability will be slightly below FY14. We expect industry hog supplies to increase around 2%-3% in FY15 compared to FY14. For FY15, we believe our Pork segment's operating margin will be in its normalized range of 6%-8%."
07:36 EDTTSNTyson Foods sees FY15 domestic protein production up 1%
Tyson Foods stated, "In FY15, we expect overall domestic protein production to increase approximately 1% from FY14 levels. Grain supplies are expected to increase in FY15, which should result in lower input costs as well as decreased costs for cattle and hog producers. The following is a summary outlook for each of our segments, as well as an outlook on sales, capital expenditures, net interest expense, liquidity and share repurchases. Our accounting cycle results in a 53-week year in fiscal 2015 as compared to a 52-week year in FY14. Accordingly, the outlook is based on a 52-week year."
07:35 EDTTSNTyson Foods reports Q1 chicken sales $2.78B vs. $2.66B last year
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07:32 EDTTSNTyson Foods reports Q1 adjusted EPS 77c, consensus 73c
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January 29, 2015
15:37 EDTTSNNotable companies reporting before tomorrow's open
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10:58 EDTPPCOptions with increasing implied volatility
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January 28, 2015
16:55 EDTPPCOn The Fly: Closing Wrap
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15:03 EDTSAFMSanderson Farms management to meet with Sidoti
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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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