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Stock Market & Financial Investment News

News Breaks
May 29, 2014
12:06 EDTSAFMSanderson Farms expects further improvement in 2H14
The company said old soy crop prices remain tight. The USDA has lowered the expected corn carryout in each of its last four reports, which means the company will need good weather this summer to rebuild soy supplies and maintain lower-priced corn. The company adds that construction in Palestine is on schedule and "coming along well." It targets the first calendar quarter of 2015 for operations to begin there. Comments taken from Q2 earnings conference call.
News For SAFM From The Last 14 Days
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October 17, 2014
09:21 EDTSAFMSanderson Farms weakness a buying opportunity, says Cleveland Research
Cleveland Research recommends taking advantage of weakness in Sanderson Farms due to weaker breast meat prices and raised estimates to reflect lower feed costs and higher wing pricing forecasts. Shares are Buy rated.
09:07 EDTSAFMProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
07:39 EDTSAFMChicken stock sell-off yesterday overdone, says JPMorgan
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