Market Currents

• Monday, November 23, 2009

• 07:47 AM Tyson Foods (TSN): FQ4 EPS of $0.28 beats by $0.02. Revenue of $7.21B (+0.2%) vs. $6.88B. Says F2010 "should be a much better year." Shares +1.8% premarket. (PR) Comment!
• 00:05 AM Notable premarket earnings: BJS, CPB, LDK, TECD, TSN 1 Comment

• Wednesday, November 11, 2009

• 09:51 AM JPMorgan drops Tyson Foods (TSN) to Neutral, saying any upside is already priced in to shares. Firm also notes recent increases in corn and hog prices and "a pending increase in supply from competitor Sanderson Farms (SAFM)." Shares -1.2%. Comment!

• Wednesday, September 16, 2009

• 09:42 AM After denying earlier rumors, Brazilian beef company JBS announces it's buying a 64% stake in bankrupt poultry producer Pilgrim's Pride (PGPDQ.PK), creating a giant new U.S. rival for Tyson Foods (TSN -1%). Comment!

• Monday, August 3, 2009

• 09:00 AM Premarket gainers: AXL +15%. INO +12%. ONTY +11%. VHC +11%. BIF +9%. SVA +9%. DAN +9%. KFN +9%. VICL +8%. RBS +7%. F +7%. HUM +7%. NVAX +6%. BCS +6%. SOL +6%. HBC +6%. ERX +6%. ZQK +6%. RCL +5%. TGB +5%. FRO +5%. NXG +5%. WEN +5%. UBS +5%. EBAY +5%. FIG +5%. AKS +5%. FITB +5%. ALU +4%. TSN +4%. YGE +4%. AIB +4%. MT +4%. KEY +4%. STP +4%. FCX +4%. ELN +4%.
  Losers: HURN -73%. SVNT -25%. Comment!
• 07:47 AM Tyson Foods (TSN): FQ3 EPS of $0.33 beats by $0.11. Revenue of $6.7B (-3%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: CLX, FE, HUM, JRCC, L, MGM, MRO, NNN, RRI, TAP, TSN Comment!

• Monday, May 4, 2009

• 07:41 AM Tyson Foods (TSN): FQ2 EPS of -$0.05 beats by $0.01. Revenue of $6.3B (-0.5%) vs. $6.6B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: DISCA, EL, ETR, HSIC, PEG, PL, POR, S, SOHU, SYY, TSN Comment!

• Monday, April 27, 2009

• 09:39 AM "Though there is no evidence that swine flu can be obtained by eating pork, the fear generated by a disease named after hogs cannot be good for pork consumption," JPMorgan comments this morning, cutting earnings estimates for Tyson Foods (TSN) and Smithfield Foods (SFD), noting as well generally weak margins. TSN -8.9%, SFD -13.9% early on. Comment!

• Monday, January 26, 2009

• 08:41 AM Tyson Foods (TSN): FQ1 EPS of -$0.30 misses by $0.07. Revenue of $6.5B (+0.7%) vs. $6.8B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: CAT, COV, DGX, DHR, ETN, FCX, GWW, HAL, KMB, MCD, SEE, TSN, WFT Comment!

• Tuesday, January 6, 2009

• 09:05 AM Premarket gainers: IDEV +74%. ACAS +13%. OREX +15%. TCK +10%. MT +9%. MT +9%. MTL +7%. ACGY +7%. RIO +7%. HOGS +7%. DRYS +6.5%. EXM +6.5%. PCX +6%. AAUK +6%. TSN +5%. Comment!

• Monday, January 5, 2009

• 10:33 AM Tyson (TSN -4.7%) President and CEO Dick Bond is leaving the company, effective immediately. Former CEO Leleand Tollett to return in the interim. (PR) Comment!

• Tuesday, December 2, 2008

• 09:48 AM Pilgrim's Pride's (PPC) Chapter 11 filing yesterday could benefit rival Tyson Foods (TSN) if PPC customers are spooked into seeking another supplier. Comment!

• Wednesday, November 12, 2008

• 08:47 AM Premarket gainers: GM +11%. CNQR +11%. M +6%. VOD +5. TS +4%. GGB +3%. NAT +3%. TSN +3%. NICE +3%. Comment!