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Stock Market & Financial Investment News

News Breaks
March 13, 2014
10:19 EDTYUM, TSNTyson indicates China poultry demand on avian flu outbreak, says Goldman
Tyson Foods (TSN) suggested at a Goldman Sachs Agribusiness conference that China poultry demand is running down 30% due to the renewed outbreak of avian flu. The analyst views this as a negative for Yum! (YUM) and remains on the sidelines.
News For YUM;TSN From The Last 14 Days
Check below for free stories on YUM;TSN the last two weeks.
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September 15, 2014
17:35 EDTYUMChurchill Downs, Yum! Brands extend five-year Kentucky Derby agreement
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06:11 EDTYUMYum! Brands looking beyond pizza, tacos to Banh concept, USA Today reports
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September 11, 2014
12:05 EDTTSNUSDA lowers forecasts for 2014, 2015 meat production
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September 10, 2014
16:15 EDTYUMYum! Brands increases quarterly dividend 11% to 41c from 37c
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09:05 EDTTSNTyson Foods reinstated with a Buy at Goldman
Target $46.
September 4, 2014
11:19 EDTYUMYum! shares pull back as company cuts Q3 China SSS view
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09:26 EDTTSNTyson Foods backs FY14 EPS ex-items view of at least $2.78 per share
Consensus $2.81. Tyson CFO Dennis Leatherby stated at the Barclays Back-to-School Consumer Conference that he expects the addition of Hillshire to be accretive to earnings in fiscal 2015 and substantially accretive thereafter, adding that he expects at least 10% EPS growth in FY15.
09:24 EDTTSNTyson Foods CEO says moving forward quickly with Hillshire integration
Tyson President and CEO Donnie Smith told investors at the annual Barclays Back-to-School Consumer Conference that the process for combining the company with Hillshire is well underway, stating, "We're moving forward quickly with the integration and finding synergies, and we feel good about our ability to capture $225M in synergies in the first year and $500M by year three." Smith added, "The more we get into it, the better we feel," according to presentation recap provided by the company.
09:06 EDTYUMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
08:59 EDTYUMYum! Brands risk/reward favorable at prospective levels, says RW Baird
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08:07 EDTYUMYum! Brands volatility expected to move on Q3 China division sales guidance
Yum! Brands volatility is expected to move after updating Q3 China division sales guidance. Overall option implied volatility of 18 is below its 26-week average of 23 according to Track Data, suggesting decreasing price movement.
08:01 EDTYUMYum! Brands consensus estimates still need to come down, says Morgan Stanley
Morgan Stanley said Yum! Brands pre-released China Q3 same-store-sale estimate of (13%) was well below consensus of +80bps. The firm said the news should not be a surprise given recent supplier issues but consensus estimates still remain too high and will need to come down. The analyst remains below consensus and sees no specific catalysts insight. Shares are Equal Weight rated.
07:56 EDTYUMYum! Brands price target lowered to $85 from $90 at UBS
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September 3, 2014
18:39 EDTYUMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Bazaarvoice (BV), up 8%... PVH Corp. (PVH), consensus 5.4%... Iteris (ITI), up 9.1%... H&R Block (HRB), up 1.5%. ALSO HIGHER: Bolt Technology (BOLT), up 34.8% following news that it will be acquired by Teledyne (TDY)... Tibco Software (TIBX), up 10% after announcing that it is reviewing strategic alternatives... Morgans Hotel (MHGC), up 5.1% after commenting on ongoing review of strategic alternatives. DOWN AFTER EARNINGS: Shoe Carnival (SCVL), down 7 .7%... AeroVironment (AVAV), down 5.9%. ALSO LOWER: Yum! Brands (YUM), down 3.9% after updating third quarter China division Same Store Sales guidance... Northstar Realty (NRF), down 2.3% after filing to sell 45M shares with a forward component.
17:50 EDTYUMYum! Brands drops after hours on China SSS Q3 update
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17:46 EDTYUMYum! Brands sees China division SSS for Q3 down 13% vs. prior year
Yum! Brands made the following statement in a regulatory filing: "Since July 21st, Yum! Brandsí China division has experienced a significant, negative impact to sales at both KFC and Pizza Hut following adverse publicity regarding improper food handling practices by former supplier, Shanghai Husi, a division of OSI. As such, China division same-store sales for the third quarter ended August 31st are now estimated to be approximately -13% versus prior year. While sales are beginning to rebound, they continue to be negative. Our brands have proven resilient over time and we expect this to be the case with this situation as well. As previously reported, we will provide updated guidance on our expected full-year EPS growth on our third-quarter earnings call. The company plans to vigorously pursue legal action against OSI and Husi to recover damages from the incident."
12:19 EDTYUMOptions with increasing implied volatility
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