RBC Capital Updates Estimates on Tyson Foods (TSN) Following 4Q - PT to $68

Tyson Foods (TSN): Cutting PT To $75 - Jefferies

Jefferies analyst, Akshay Jagdale, reiterated his Buy rating on shares of Tyson (NYSE: TSN) but cut his price target to $75 after the stock underperformed the S&P since September (%) due to the 4Q miss & rotation out of staples.

The analyst believes the 4Q miss... More

Unusual 11 Mid-Day Movers 11/21: (CHNR) (GALE) (HW) Higher; (GLBS) (SGNL) (TSN) Lower

China Natural Resources (Nasdaq: CHNR) 38.3% HIGHER; rebounding following a sharp move lower late last week.

Galena Biopharma, Inc. (Nasdaq: GALE) 22.4% HIGHER; seeing some strong trading above the $4 level following a recent 1-for-20 reverse split.

Globus Maritime Limited (Nasdaq: GLBS) 21.2% LOWER; pulling... More

Options with increasing volume: BZH LOCK CMCM STM EUFN VER TSN

Options with increasing volume: BZH LOCK CMCM STM EUFN VER TSN

Pre-Open Stock Movers 11/21: (HW) (LOCK) (MSTX) Higher; (TSN) (ACOR) (MTSI) Lower (more...)

Today's Pre-Open Stock Movers

Headwaters, Inc. (NYSE: HW) 18% HIGHER; announced that it has entered into a binding merger agreement with Boral Limited (BORAL: BLD:ASX) pursuant to which Boral will acquire Headwaters Incorporated for US$24.25 per share in cash, representing an aggregate enterprise value of approximately US$2.6 billion (Acquisition).

Tyson Foods (NYSE: TSN) 16% LOWER; reported Q4 EPS of $0.96, $0.21 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $9.16 billion versus the consensus estimate of $9.38 billion.... More

Tyson Foods (TSN) Announces Tom Hayes to Succeed Donnie Smith as CEO at Year End

Tyson Foods, Inc. (NYSE: TSN) announced that Tom Hayes, President of Tyson Foods, will succeed Donnie Smith as Chief Executive Officer on December 31, 2016. Hayes will continue to serve as President and has been appointed to the Board of Directors, effective immediately. Smith, who has been CEO of Tyson Foods since November 2009, will be available to consult with the Company for a three-year period.

Tom Hayes is a proven leader who has played an important role in creating todays Tyson Foods and driving growth across our company, said John Tyson, Chairman of... More

Tyson Foods (TSN) Misses Q4 EPS by 21c

Tyson Foods (NYSE: TSN) reported Q4 EPS of $0.96, $0.21 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $9.16 billion versus the consensus estimate of $9.38 billion.

GUIDANCE:

Tyson Foods sees FY2017 EPS of $4.70-$4.85, versus the consensus of $4.98.

Were growing where we want to grow by selling more branded, higher margin products. Sales volume was up in our Core 9 product lines at retail and our top tier products in foodservice.

The Prepared Foods segment had a record margin for the year, while simultaneously driving... More

Major indexes hit records as post-election rally goes on

By Caroline Valetkevitch

NEW YORK (Reuters) - All three major U.S. stock indexes set record closing highs on Monday, extending their post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.

Small caps added to recent gains as well, pushing the Russell 2000 index to a record high close. The session marked the first time all four indexes hit closing records on the same day since Dec. 31, 1999.

Stocks have mostly rallied since the Nov. 8 U.S. election, with investors snapping up shares of banks, health care and other companies expected... More

Trading Radar for 11/21: Tyson Foods (TSN), IGT (IGT), Canadian Solar (CSIQ), Palo Alto Networks (PANW) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Canadian Solar (Nasdaq: CSIQ) - consensus EPS $0.27
Cheetah Mobile (NYSE: CMCM) - consensus EPS... More