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Stock Market & Financial Investment News

News Breaks
January 11, 2013
12:12 EDTSAFM, TSN, SFD, HRL, HOGSUSDA raises price forecasts for cattle, chicken but lowers view for pork
In its World Agricultural Supply and Demand Estimates report for January, the USDA said it raised it view for cattle prices for first-quarter of 2013, reflecting current demand conditions for fed cattle. Broiler prices for 2013 were also raised from last month on expected demand strength. However, hog prices for 2013, turkey prices and egg prices were all forecast lower. Additionally, butter and cheese prices for 2013 were lowered based on current price weakness and weaker expected demand, the USDA said. Reference Link
News For TSN;HOGS;SFD;SAFM;HRL From The Last 14 Days
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March 25, 2015
11:58 EDTTSN, SAFM, HRLStephens food/agribusiness analyst holds analyst/industry conference call
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08:57 EDTTSN, SAFM, HRLJBS S.A. weighing IPO for U.S. unit, Bloomberg reports
The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
March 24, 2015
07:50 EDTTSNTyson Foods shares should be bought, says BB&T
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March 16, 2015
16:25 EDTTSNTyson Foods backs FY15 EPS $3.30-$3.40, consensus $3.43
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07:16 EDTTSNConsumer Analyst Group of Europe to hold a conference
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March 13, 2015
16:42 EDTTSN, HRL, SAFMStocks end week lower amid euro slide, Fed rate hike worries
Stocks finished the week lower as worries about the impact of the euro's fall against the dollar, along with continued anticipation of an upcoming rate hike by the Fed and concerns about deflation, weighed on shares. MACRO NEWS: The euro's slide against the dollar continued, causing investors to worry that the trend could have a significant negative impact on the results of U.S. based, multinational companies... Anticipation of an impending interest rate hike continued to impact the market. On Tuesday, outgoing Dallas Fed President Richard Fisher said the central bank should begin to gradually raise rates before the economy reaches full employment to avoid triggering a recession. On Thursday, stocks rose as investors speculated that weak February retail sales data could cause the central bank to delay raising interest rates... An unexpected decline in the producer price index, which was reported on Friday, may have rekindled fears about deflation taking hold in the U.S., weighing on stocks... In China, the government said that industrial production rose less than expected in the first two months of the year. China's exports were reported to surge 15% in the first two months of the year versus the same period a year earlier, but data also indicated that China's imports sank 20% in the first two months of 2015. COMPANY NEWS: Apple (AAPL) provided additional information about its upcoming Apple Watch at a product launch event. Apple Watch will be available on Friday, April 24 to customers in nine countries, including the U.S., with pre-orders beginning April 10. The lowest priced Apple Watch, the 38 mm Apple Watch Sport, will be priced at $349, while the 18-karat gold Apple Watch Edition will be priced starting at $10,000... Embattled floor retailer Lumber Liquidators (LL) updated investors on the impact of a recent critical report from 60 Minutes. In the nine days following the report, same-store sales fell 12.7% versus the same period a year earlier, it reported. The company added that it was not able to provide full-year guidance until it has more time to gauge the impact of consumers' reaction to the report... GM (GM) settled a potential proxy battle with an investment group led by Harry Wilson by agreeing to return more cash to shareholders... Alcoa (AA) agreed to buy RTI International Metals (RTI), which supplies specialty metals and services for several sectors, including aerospace and defense... Credit Suisse (CS) appointed Tidjane Thiam, who is currently Group Chief Executive of Prudential (PUK), as its new CEO... The shares of several chicken producers fell after a possible case of bird flu was identified in Arkansas. Among the chicken producers that declined were Tyson (TSN), which is based in Arkansas, Pilgrim's Pride (PPC), Sanderson Farms (SAFM), and Hormel (HRL)... GNC Holdings (GNC) sank after New York's Attorney General announced that he and three of his colleagues would further investigate the business practices of the herbal supplement industry. INDEXES: For the week, the Dow was down 0.57% to 17,749.31, the Nasdaq fell 1.12% to 4,871.76, and the S&P 500 dropped 0.87% to 2,053.40.
March 12, 2015
10:02 EDTSAFMSanderson Farms says none of its flocks have been affected by avian flu
Commenting on recent reports regarding the discovery of avian influenza in the United States, Sanderson noted that none of the company’s flocks has been affected. “Avian influenza has not been identified in any of the states in which we have operations and live inventory,” said Chairman and CEO Joe Sanderson. “However, we have taken this opportunity to remind all of our contract poultry producers and our employees that the company requires strict adherence to its biosecurity program, and have reminded them of the program’s specific requirements and procedures. Consistent with standard industry practice, all of our flocks are tested for avian influenza before they are processed,” concluded Sanderson.
10:02 EDTSAFMSanderson Farms announces site for new poultry complex in North Carolina
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08:59 EDTTSNTyson Foods can withstand bird flu outbreak, says BMO Capital
BMO Capital says that Tyson's business model can withstand "exogenous shocks" such as the current bird flu outbreak in the U.S. The firm does not expect key countries' export bans on U.S. chickens to last more than 60 days, and it says that Tyson has taken several measures, including cutting its reliance on exports and acquiring Hillshire, that reduce the impact of chicken export bans on it. In a worst case scenario, Tyson's 2015 profit will be negatively impacted by $50M by the flu outbreak, estimated the firm, which continued to identify the stock as a top pick and kept a $53 price target.

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