Ultime notizie per Tyson Foods (NYSE:TSN) Azioni

Tyson Foods

Tyson Foods is a protein-focused food producer, selling raw chicken, beef, pork, and prepared foods. Chicken and beef are its two largest segments, each comprising about one-third of US sales. Prepared foods constitute roughly 20% of sales and include brands like Tyson, Jimmy Dean, Hillshire Farm, Ball Park, and Sara Lee. However, most of these are in product categories rife with competition where Tyson does not have a massive market share lead. Tyson sells some products overseas, but the international segment accounts for just 5% of total revenue. The company is an active acquirer, with more recent years' purchases focused on international and food-service markets.

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

PLTR

SOHU

Scopri i 5 titoli cruciali da tenere d&#39;occhio oggi, 5 agosto 2024, e come le loro performance influenzeranno il mercato.

Pre-market: 5 titoli da monitorare oggi, 5 agosto 2024

Tyson Foods Inc

TerrAscend Corp

TechniScan Inc

Tristel PLC

With a looming dockworkers' strike on the East and Gulf Coasts set to begin Oct. 1, major companies like Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are bracing <a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert">for substantial disruptions</a>.
The strike, led by the International Longshoremen&#8217;s Association, could shut down 36 ports from Maine to Texas, potentially halting half of the goods entering and leaving the U.S.
<h2 class="wp-block-heading">Retail &amp; Tech Sectors At Risk</h2>
Retail giants like Amazon and Apple are particularly vulnerable. They rely heavily on East Coast ports to bring in consumer electronics and inventory. Delays could hit these companies with the holiday shopping season around the corner.
Amazon's ability to meet demand for everything from household goods to electronics may suffer, while Apple risks product shortages on key items like the iPhone 15, iPhone 16 and MacBooks, all critical to its revenue in the fourth quarter.
Read Also: <a href="https://www.benzinga.com//node/41059881">Costco Gears Up For Potential US Port Strikes As CEO Stresses Proactive Steps: America Could &#8216;Get Holiday Goods In Ahead Of This Time Frame&#8217;</a>
<h2 class="wp-block-heading">Automotive Sector May Feel The Pinch</h2>
Tesla could also face a significant blow as it sources essential components globally. The Ports of New York/New Jersey are critical for Tesla's supply chain, and any prolonged shutdowns could delay deliveries and increase manufacturing costs. Other automakers, like Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), could also struggle with supply bottlenecks for parts, further squeezing a sector already battling rising costs.
<h2 class="wp-block-heading">Inflation Pressures Could Rise</h2>
The Toy Association has expressed concerns that 60% of toy sales occur in the fourth quarter, and major toy companies like Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) and Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) could face inventory shortages, driving up prices.
Agriculture and food companies reliant on East Coast ports, such as Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>), may also face delays in getting goods to market, worsening consumer inflation.
Business leaders and investors are watching closely, as a prolonged strike could have far-reaching consequences on multiple sectors, potentially pushing inflation higher and slowing economic growth.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41012532">China&#8217;s Exports At Risk From Anticipated US Port Strikes, Typhoons, Golden Week, Warns Container Trade Expert</a></li>
</ul>
Photo: Wayne Via/Shutterstock.com

Equities

Global

Tech

AAPL

AMZN

NVDA

TSLA

Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears

WIIM

Tyson Foods shares are trading lower after Piper Sandler downgraded the stock from Neutral to Underweight and lowered its price target from $57 to $50.

Piper Sandler analyst Michael Lavery downgrades Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) from Neutral to Underweight and lowers the price target from $57 to $50.

Downgrades

Price Target

Analyst Ratings

Piper Sandler Downgrades Tyson Foods to Underweight, Lowers Price Target to $50

Tyson Foods's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) short percent of float has risen 44.97% since its last report. The company recently reported that it has 6.10 million shares sold short, which is 2.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.79 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Tyson Foods Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726598717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Tyson Foods has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Tyson Foods's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Tyson Foods's peer group average for short interest as a percentage of float is 4.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Tyson Foods's Recent Short Interest

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares plummeted 19.65% after the company revised the guidance <a href="https://www.benzinga.com//node/40814655" target="_blank" rel="noreferrer noopener">for the second half of FY24</a>.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) stock dived 17.31% after the company&#8217;s CFO noted intensifying credit challenges among <a href="https://www.benzinga.com//node/40800069" target="_blank" rel="noreferrer noopener">borrowers at a conference</a>. Several analysts cut the <a href="https://www.benzinga.com//node/40811970" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares dropped 11.26% after the company cut its R&amp;D expenses by $1.1 billion by 2027 and projected <a href="https://www.benzinga.com//node/40834547" target="_blank" rel="noreferrer noopener">2025 sales below expectations</a>. Many analysts <a href="https://www.benzinga.com/quote/mrna/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered the price target</a>.</li>
<li>Humana Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock decreased 9.93%, probably after this week&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/09/40840076/trump-vs-harris-presidential-debate-viewership-tops-trump-biden-total-but-falls-short-of-re" target="_blank" rel="noreferrer noopener">Trump-Harris debate</a>.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) stock was down 7.57%.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares decreased 7.14%.</li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares lost 5.69% last week following Q3 earnings. Several analysts cut their price forecasts for<a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener"> the stock</a>.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 5.38%.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stock lost 5.05% last week after COO tempered analyst outlook.</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) fell 4.87% last week. A JP Morgan analyst maintained Devon Energy with an Overweight rating and lowered the <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $64 to $51</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40869287/chewy-broadcom-and-microstrategy-are-among-top-10-large-cap-stock-gainers-last-week-sep-8-sep-14-are" target="_blank" rel="noreferrer noopener">Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Lutsenko_Oleksandr on Shutterstock

Large Cap

Movers

ADBE

ALLY

BEKE

MRNA

RYAAY

Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Barclays analyst Benjamin Theurer maintains Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) with a Overweight and raises the price target from $72 to $76.

Barclays Maintains Overweight on Tyson Foods, Raises Price Target to $76

Tyson Foods Executive Says Feel Good About The Way Assets Are Running, After Closing U.S. Chicken And Pork Plants

Tyson Foods Says U.S. Cow Liquidation Has Ceased

Tyson Foods CFO Curt Calaway Says Co Has Seen Retailers Strengthen Promotions On Chicken, Also Seen Promotions On Beef

Tyson Foods's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) short percent of float has fallen 4.52% since its last report. The company recently reported that it has 4.22 million shares sold short, which is 1.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Tyson Foods Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725029115_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Tyson Foods has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Tyson Foods's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Tyson Foods's peer group average for short interest as a percentage of float is 4.27%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(TSN) - Analyzing Tyson Foods's Short Interest

Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) has decided not to reinstate John R. Tyson as its Chief Financial Officer following his suspension earlier this year.
What Happened: John R. Tyson, the former CFO of Tyson Foods, will not be reinstated to his previous role at the company. Tyson Foods had placed him on suspension following his <a href="https://www.benzinga.com/news/24/07/39800909/tyson-foods-cfo-pleads-not-guilty-on-driving-while-intoxicated-charges-wsj">arrest for driving while intoxicated</a> in mid-June. 
On Thursday, the company <a href="https://www.tysonfoods.com/news/news-releases/2024/8/tyson-foods-names-curt-calaway-chief-financial-officer">announced</a> that Curt Calaway, who had been serving as interim CFO, will now assume the position permanently. John Tyson will remain an employee on a health-related leave.
Calaway, 50, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100493/000010049324000106/tsn-20240829.htm">received</a> a salary increase to $675,000 and is eligible for a potential cash bonus of $742,500 this year, along with another possible $300,000. His appointment as interim CFO was effective from June 13. 
Calaway&#8217;s total potential compensation of $1.7 million is significantly lower than the $2.9 million compensation package John R. Tyson received in 2023 when he held both the CFO and chief sustainability officer roles.
John R. Tyson, the great-grandson of founder John W. Tyson, had a tumultuous tenure at the company since joining in 2019. 
He became the youngest CFO in the Fortune 500 in 2022 at age 32. However, his career faced challenges, including a bizarre incident in 2022 where he was found asleep in a stranger&#8217;s bed, leading to <a href="https://www.benzinga.com/news/24/07/39800909/tyson-foods-cfo-pleads-not-guilty-on-driving-while-intoxicated-charges-wsj">charges of trespassing and public intoxication</a>.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40617471/former-trump-aide-anthony-scaramucci-says-secs-gary-gensler-wants-kamala-harris-to-lose-up?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Aide Anthony Scaramucci Says SEC&#8217;s Gary Gensler Wants Kamala Harris To Lose Upcoming Election After NFT Platform OpenSea Receives Wells Notice</a>
Why It Matters: The leadership shakeup at Tyson Foods comes at a crucial time for the company. In early July, Tyson Foods announced the <a href="https://www.benzinga.com/markets/equities/24/07/39705369/tyson-foods-divests-georgia-plant-in-profitability-push">sale of its poultry complex in Vienna, Georgia</a>, to House of Raeford Farms as part of its strategy to optimize its plant network. This move is part of Tyson Foods' ongoing efforts to enhance profitability and streamline operations.
Additionally, the company has been scaling back its <a href="https://www.benzinga.com/markets/equities/24/07/39594565/tyson-reduces-antibiotic-free-beef-options-as-costs-rise-report">antibiotic-free beef products</a> due to rising costs and increased regulations. 
Despite these challenges, Tyson Foods reported <a href="https://www.benzinga.com/news/earnings/24/08/40158875/tyson-foods-surpasses-q3-expectations-with-beef-and-pork-gains-chicken-segment-falls-short">strong third-quarter results</a>, with beef and pork segments showing gains, although the chicken segment fell short. The company&#8217;s quarterly adjusted earnings per share of 87 cents beat the street view of 65 cents, and sales of $13.353 billion surpassed analyst expectations. 
Price Action: Tyson Foods&#8217; stock closed at $64.65 on Thursday, down 1.58% for the day. In after-hours trading, the stock slightly declined by 0.31%. Despite recent fluctuations, Tyson Foods has gained 16.42% year to date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Binance And Coinbase, Gary Gensler-Led SEC Set To Lock Horns With Crypto Exchange Kraken</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Management

Tyson Foods Scion Ousted As CFO After Suspension — Curt Calaway Appointed As Permanent Successor Amid Strategic Realignment

Tyson Foods Says Curt Calaway Succeeds John Tyson, Who Remains With Company But Is Currently On Health-Related Leave

Tyson Foods Names Curt Calaway As CFO, Effective Immediately; Calaway Has Been With Company Since 2006, Most Recently Serving As Interim CFO

Canada&#8217;s railway strike could <a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">have major impacts </a>on various sectors and companies in the U.S. that rely on goods and commodities from the second-largest company in the world.
Canadian National Railway&nbsp;Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Canadian Pacific Kansas City Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) said they locked out their workers and shut their networks in Canada early on Thursday after labor negotiations with the Teamsters Canada Rail Conference failed to result in a new union contract, Reuters reported.
Canada uses railways extensively to export grain, automobiles, potash, coal and other goods that are sold by companies &#8212; about $277 billion worth annually.
Thursday&#8217;s stoppage by these two Canadian railways could prove to be a major shock to U.S. companies and sectors because of the amount of goods and commodities they carry in North America.
Canadian National Railway Company operates 20,000 miles of railroad that spans the entire width of Canada and follows the Mississippi River all the way to the Gulf of Mexico.
The Canadian Pacific Kansas City also runs a 20,000-mile network that covers Canada from east to west but also travels down through the U.S. and into Mexico.
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
Here are some sectors that stand to be hurt by the rail stoppage:
<h2 class="wp-block-heading">Automobile</h2>
The U.S. imported and exported transportation equipment worth about $73 billion respectively in 2023 from Canada, according to the International Trade Administration. Canadian National&#8217;s website said it carries over 2 million finished vehicles a yearon an annual basis and services 12 North American vehicle assembly plants.
Canadian Pacific Kansas City caters to about 90% of automotive assembly plants in Mexico, it said on its website.
Price Action: Major automobile manufacturers had mixed performances into Thursday&#8217;s mid-afternoon trading.
<ul>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) rose 0.69% to $10.93</li>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) ticked up 0.05% to $46.58</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 1.30% to $16.34</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.84% to $214.70 </li>
</ul>
<h2 class="wp-block-heading">Timber</h2>
Canada&#8217;s timber exports totaled $3.5 billion in 2022, according to Canadian government data.
 Pulp producer Mercer International&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) said it was working on contingency plans for alternative transport methods in response to the strike.
Price Action: Major lumber retailers and producers trended downward on Thursday.
<ul>
<li>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) fell 1.17% to $366.12</li>
<li>Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) declined 0.68% to $240.72</li>
<li>Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) dropped 0.53% to $30.25</li>
<li>West Fraser Timber Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) slipped 0.61% to $80.52</li>
</ul>
<h2 class="wp-block-heading">Grains And Agricultural Products</h2>
Nearly three dozen North American&nbsp;agricultural groups have warned that a simultaneous stoppage would be very severe on bulk commodity exporters in both Canada and the United States.
Price Action: Major manufacturers of grains and agricultural products saw losses on Thursday.
<ul>
<li>Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) declined 0.60% to $62.93</li>
<li>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) dipped 0.29% to $27.84</li>
<li>AGCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) slid 0.32% to $89.19</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40375185/home-depots-price-forecasts-for-2024-lowered-by-analysts-amid-modest-sales-growth-c">Home Depot&#8217;s Price Forecasts For 2024 Lowered By Analysts Amid Modest Sales Growth, Cite Weaker Consumer Outlook</a></li>
</ul>

AGCO

MERC

STLA

2 Railway Strikes, 3 US Sectors In Trouble: $277B In Goods At Stake As Canadian Unions Call For New Contracts

JP Morgan analyst Kenneth Goldman maintains Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) with a Neutral and raises the price target from $61 to $63.

JP Morgan Maintains Neutral on Tyson Foods, Raises Price Target to $63

Barclays analyst Benjamin Theurer maintains Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) with a Overweight and raises the price target from $69 to $72.

Barclays Maintains Overweight on Tyson Foods, Raises Price Target to $72

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler cut the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $310 to $290. Piper Sandler analyst Rob Owens upgraded the stock from Neutral to Overweight. CrowdStrike shares gained 1.9% to close at $222.05 on Monday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank raised the price target for Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) from $20 to $21. Deutsche Bank analyst Brad Zelnick maintained the stock with a Sell rating. Palantir shares fell 2.6% to close at $24.09 on Monday. <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut RxSight, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) price target from $75 to $54. Needham analyst David Saxon maintained a Buy rating. RxSight shares fell 2.4% to close at $40.78 on Monday. <a href="https://www.benzinga.com/quote/RXST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised the price target for Axsome Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) from $95 to $106. B of A Securities analyst Jason Gerberry upgraded the stock from Neutral to Buy. Axsome Therapeutics shares fell 1.4% to close at $83.21 on Monday. <a href="https://www.benzinga.com/quote/AXSM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) price target from $135 to $140. Baird analyst Peter Benedict maintained an Outperform rating. Freshpet shares fell 0.6% to close at $121.41 on Monday. <a href="https://www.benzinga.com/quote/FRPT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) price target from $280 to $315. JP Morgan analyst Rajat Gupta maintained an Overweight rating. Lithia Motors shares fell 4.6% to close at $276.76 on Monday. <a href="https://www.benzinga.com/quote/LAD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised the price target for EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) from $30 to $38. Needham analyst Mayank Tandon maintained a Buy rating. EverQuote shares fell 3.5% to close at $23.96 on Monday. <a href="https://www.benzinga.com/quote/EVER/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital boosted Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) price target from $58 to $60. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating. Tyson shares rose 2.1% to close at $62.51 on Monday. <a href="https://www.benzinga.com/quote/TSN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $50 to $58. Truist Securities analyst Youssef Squali maintained a Hold rating. EVgo shares fell 2.7% to close at $54.66 on Monday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) price target from $155 to $160. JP Morgan analyst Rajat Gupta maintained a Neutral rating. AutoNation shares dipped 2.7% to close at $166.06 on Monday. <a href="https://www.benzinga.com/quote/AN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40178833/dow-records-worst-day-in-around-2-years-mag-7-stocks-lose-650b-in-market-capitalization-greed-index">Dow Records Worst Day In Around 2 Years, Mag 7 Stocks Lose $650B In Market Capitalization: Greed Index Moves To &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

AXSM

CRWD

EBAY

EVER

FRPT

RXST

Lithia Motors To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Tuesday

BMO Capital analyst Andrew Strelzik maintains Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) with a Market Perform and raises the price target from $58 to $60.

BMO Capital Maintains Market Perform on Tyson Foods, Raises Price Target to $60

Global markets are experiencing intense volatility, and while it seemed like a Black Monday for Wall Street was inevitable following a <a href="https://www.benzinga.com/markets/equities/24/08/40152271/mohamed-el-erian-grant-cardone-and-matt-weller-warn-of-deepening-global-market-selloff-as-yen-ri">13% overnight tumble of Japan&#8217;s Nikkei 225, stock indices</a> are attempting to limit early session losses by midday trading in New York.
The inflection point came after July&#8217;s services sector activity surveys revealed improved conditions from June and a stronger-than-expected expansion, easing fears of <a href="https://www.benzinga.com/news/econ-s/24/08/40161832/us-services-activity-returns-to-growth-in-july-global-market-selloff-stalls-are-recession-fears-over">an imminent U.S. recession.</a>
In July, business sentiment in the U.S. services sector returned to expansion, with the ISM Services Purchasing Managers&#8217; Index (PMI) rising from 48.8% to 51.4%, surpassing expectations of an increase to 51%.
Before the ISM data release, traders speculated on an intra-meeting Fed interest rate cut after Chicago Fed President Austan Goolsbee stated in a CNBC interview that everything could be on the table.
Following the data, market-implied probabilities for a 50-basis-point rate cut decreased from 100% to about 80%, while the likelihood of a smaller 25-basis-point increase rose from about 0% to 20%, according to the CME Group FedWatch Tool.
After opening over 4% lower at 5,120 points, the S&amp;P 500 slightly trimmed its losses to 5,233 by 12:30 p.m. in New York, marking a smaller 2.1% decline for the day.
Similar movements were observed in the tech-heavy Nasdaq 100, blue-chip stocks tracked by the Dow Jones and small-cap stocks.
As interest rate probabilities shifted, bonds halted their gains, and Treasury yields rose across all maturities. The 2-year Treasury yield traded 4 basis points higher at 3.92%, after having fallen to as low as 3.65% during early trading hours.
The popular iShares 20+Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) was unchanged, following seven straight sessions of gains. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) initially fell by 15% at 9:30 a.m. in New York, but then rallied by 10% between 9:30 a.m. and 12:30 p.m., reducing its daily losses to 5.9%.
Commodities traded lower across the board, with gold and oil down 1.5% and 1.3%, respectively. Silver plunged nearly 5%, in its worst session in two months. 
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,918.07</td>
<td>-2.1 %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,040.81</td>
<td>-2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,226.62</td>
<td>-2.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,055.96</td>
<td>-2.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:43 p.m. ET</figcaption></figure>
According to Benzinga Pro data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 2.2% lower to $520.50.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 2.1% to $388.75.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 2.3% to $438.40.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tanked 2.7% to $203.26.</li>
<li>Sector-wise, the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) experienced the smallest decline, down 1.2%, while the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) saw the largest drop, falling by 2.8%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) soared over 14% after the Wall Street Journal reported that privately held Mars is in advanced talks to acquire the Pringles maker.</li>
</ul>
Stocks reacting to earnings included: 
<ul>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), down 2.54%,</li>
<li>The Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>), down 8%, </li>
<li>Tyson Foods, Inc. (NYSW: TSN), up 4%. </li>
</ul>
Those reporting after the close are ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), CSX Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>), J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>), Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and Yum China Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NASDAQ">YUMC</a>).
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/08/40166207/how-to-navigate-market-volatility-5-etfs-that-strengthen-your-portfolio-during-stock-turmoil">How To Navigate Market Volatility: 5 ETFs That Strengthen Your Portfolio During Stock Turmoil</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Macro Economic Events

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Treasuries

Econ #s

Economics

Federal Reserve

ETFs

$BTC

ADTN

BNTX

SPDR Dow Jones Industrial Average ETF Trust

FANG

JJSF

NVTS

iShares Trust Barclays 20+ Year Treasury Bond Fund

XLRE

YUMC

US Stocks Trim Black Monday's Drops As Services Gauge Expands, Bond Gains Stall As Traders Reassess Fed Cuts: What's Driving Markets?

U.S. stocks traded lower this morning, with the Dow Jones falling more than 2% on Monday.
The Dow traded down 2.18% to 38,872.06 while the NASDAQ fell 3.14% to 16,248.99. The S&amp;P 500 also fell, dropping, 2.54% to 5,211.01.
Leading and Lagging Sectors Real estate shares fell by just 0.9% on Monday.
In trading on Monday, information technology shares dipped by 3.4%.
Top Headline Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) reported better-than-expected third-quarter earnings on Monday.
Quarterly adjusted earnings per share of 87 cents (+480%) beat the street view of 65 cents. Sales of $13.353 billion (+1.6%) beat the analyst consensus of $13.236 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>MGO Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares shot up 55% to $3.99 after gaining over 5% on Friday.</li>
<li>Shares of Beasley Broadcast Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) got a boost, surging 25% to $0.6259&nbsp;.</li>
<li>Kernel Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNL#NASDAQ">KRNL</a>) shares were also up, gaining 25% to $13.99.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Actinium Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNM#NASDAQ">ATNM</a>) shares dropped 72% to $1.7006 after the FDA determined that its Phase 3 SIERRA trial is not adequate to support a BLA filing for Iomab-B.</li>
<li>Shares of VBI Vaccines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBIV#NASDAQ">VBIV</a>) were down 34% to $0.0615. VBI Vaccines was notified that its common shares will be delisted from Nasdaq effective as of opening of business on Aug. 8.</li>
<li>Urgent.ly Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULY#NASDAQ">ULY</a>) was down, falling 32% to $0.9699. Urgently will host a conference call on Monday, Aug. 12 to discuss its financial results for the second quarter.</li>
</ul>
Commodities In commodity news, oil traded down 0.5% to $73.05 while gold traded down 1.5% at $2,433.40.
Silver traded down 4% to $27.265 on Monday, while copper fell 2.1% to $4.0160.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 2.5%, Germany's DAX fell 2.5% and France's CAC 40 fell 2.1%. Spain's IBEX 35 Index fell 2.5%, while London's FTSE 100 fell 2.6%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan's Nikkei 225 dipping 12.4%, Hong Kong's Hang Seng Index falling 1.46%, China's Shanghai Composite Index falling 1.54% and S&amp;P BSE Sensex declining 2.74%.
Economics
<ul>
<li>The ISM services PMI climbed to 51.4 in July from 48.8 in April and also topping market expectations of 51.</li>
<li>The S&amp;P Global composite PMI was revised lower to 54.3 in July versus the preliminary reading of 55.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/markets/24/08/40142776/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40142776/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Materials Stocks Delivering High-Dividend Yields</a><a href="https://www.benzinga.com/markets/24/08/40142776/wall-streets-most-accurate-analysts-views-on-3-materials-stocks-delivering-high-dividend-yields"> </a></li>
</ul>

Eurozone

ATNM

BBGI

KRNL

MGOL

VBIV

Nasdaq Tumbles 3%; Tyson Foods Earnings Top Views

BofA's global contenders and defenders list

Beyond Meat to roll out new steak alternative to revive demand - report

Tyson Foods, Inc. (TSN) Barclays Global Consumer Staples Conference - (Transcript)

Barclays analyst Benjamin Theurer maintained a Buy rating on Tyson Foods (TSN – Research Report) today and set a price target of $76.00. The compan...

Tyson Foods (TSN) Receives a Buy from Barclays

Wall Street Breakfast: What Moved Markets

Nathan's Famous: Still Waiting For This Dog To Sizzle

Tyson Foods is seen having beef, chicken and pork headwinds

Stocks are mixed Wednesday. The Dow Jones Industrial Average's win streak is at risk, with the blue-chip index on track for its first loss in five sessions, brushing off its earlier record high.

Dow, SPX Nab New Highs Before Turning Lower

Stocks with the highest consensus of expected ROE growth, Goldman Sachs says

Consumer staples with lowest quant rating are worst performers in Q3: DLTR, DG, LW

ACWI

AKBTY

ANET

APTV

AVGO

BBWI

BKRKY

BYND

CALM

COST

CTRA

DLTR

FANUY

FLUT

FNCL

FQVLF

FSLR

FSTA

GBOOY

GILD

GOOGL

GXYEF

HBAN

INTC

JBSAY

KEYS

KLAC

KVUE

LSCC

MDLZ

MDTTF

MPWR

MTCH

NATH

NDRBF

NFLX

NTAP

NWSA

ODFL

OLCLY

PNDZF

PPRUF

QRVO

RGEN

RYCEY

SMCI

SMTOF

SNOW

SOXX

SSNC

SSUMF

SUVPF

TECH

TMUS

TRGP

TSCDF

UBER

ZBRA

Dividends

Press Releases

Tyson Foods Announces Quarterly Dividend

Former Cisco Systems Technology Executive Appointed to Tyson Foods Board of Directors

Tyson Foods Announces Third Quarter Earnings Conference Call and Webcast

Restaurants

General

Tyson Foods Announces Agreement to Sell Georgia Poultry Complex

Tyson Demo Day Puts Supply Chain Innovators on Center Stage

Tyson Foods Reports Third Quarter 2024 Results

Tyson Foods To Participate in the Barclays Global Consumer Staples Conference

Tyson Foods Names Curt Calaway Chief Financial Officer

Hagens Berman: $200.2 Million in Settlements Reached in Lawsuit Accusing Red Meat Processing Industry of Wage-Fixing

Comments

Tyson Foods

Notizie

Ultime notizie per Tyson Foods (NYSE:TSN) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO