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Sectors

Sector Update: Consumer Stocks Mixed Premarket Monday

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.Campbell's (CPB) stock was up more than 2% after the company reported fiscal Q3 adjusted earnings per share that topped analysts' expectations.Tyson Foods (TSN) has named Wes Morris as chief operating officer, effective June 15, the company said. Shares of Tyson Foods were 0.4% lower pre-bell.EBay (EBAY) is facing UK antitrust scrutiny after the Competition and Markets Authority opened a phase 1 review of its proposed acquisition of fashion resale platform Depop, according to a notice. Shares of EBay rose 0.2% pre-bell.

$CPB$EBAY$TSN$XLP$XLY
Wire

Tyson Foods' Settlement Agreement in Beef Antitrust Case Gets Preliminary Approval

Tyson Foods' (TSN) settlement agreement with direct purchaser plaintiffs over the company's alleged beef price-fixing scheme received preliminary approval Thursday from a federal judge in the US District of Minnesota.Price: $66.09, Change: $-0.57, Percent Change: -0.86%

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Wire

Tyson Foods' Settlement Agreement in Beef Antitrust Case Gets Preliminary Approval

Tyson Foods' Settlement Agreement in Beef Antitrust Case Gets Preliminary Approval

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Wire

Update: Trump to Sign Executive Orders to Address Beef Supply Issues

(Updates with statement from the White House throughout.)President Donald Trump will sign two executive orders on Monday to boost beef imports, a White House official told.The move will "address short-term supply issues in the US beef market by expanding imports and supporting the renewal of America's domestic cattle herd, which is currently at a multi-decade low," the official said in the emailed response.The confirmation follows a report by The Wall Street Journal earlier Monday that the Trump administration is planning to temporarily cut tariffs on beef imports to help lower record-high beef prices in the US.Price: $20.12, Change: $-0.32, Percent Change: -1.57%

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Wire

Market Chatter: Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices

The Trump administration plans to temporarily cut tariffs on beef imports as soon as Monday to help lower record-high beef prices in the US, The Wall Street Journal reported Monday, citing people familiar with the matter.The administration is considering suspending the annual tariff-rate system that raises import taxes after a quota is reached, making it easier for foreign beef to enter the US at lower rates, according to the report. The administration plans to take measures to support US ranchers, the report said.The move "aims to address short-term supply issues with beef in the US, while the deregulatory efforts will help lower ranchers' costs over time," a White House official was quoted as saying.The White House didn't immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $20.07, Change: $-0.38, Percent Change: -1.83%

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Wire

Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

Trump Administration Planning to Ease Beef Import Tariffs to Tackle High Prices, Wall Street Journal Reports

$HRL$PPC$TSN
Research

Research Alert: CFRA Keeps Buy Opinion On Shares Of Tyson Foods, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target remains $76, a 15x multiple of projected FY 27 EPS of $5.09 (raised by $0.02). We also lift our FY 26 (Sep.) EPS est. by $0.09 to $4.11. This multiple is slightly above TSN's long-term average of 14x, reflecting favorable secular tailwinds, including a continued shift in consumer preferences toward protein and improved earnings growth potential as the Beef segment recovers, likely in FY 27. Operationally, TSN is executing well, particularly in Chicken, where margins continue to widen, up 290 bps year over year in FQ2. Beef remains pressured by historically tight cattle supplies, with the U.S. herd at its lowest level since 1951, though we expect margins to improve following recent restructuring actions, including rightsizing production to improve capacity utilization. TSN's balance sheet is solid, noting its leverage ratio (net debt/adjusted EBITDA) has now improved to 2.2x vs. 3.9x two years ago. This provides a decent degree of financial flexibility in our view.

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Wire

Piper Sandler Raises Tyson Foods Price Target to $80 From $75, Overweight Rating Kept

Tyson Foods (TSN) has an average rating of hold and mean price target of $68.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $66.19, Change: $+2.51, Percent Change: +3.93%

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Sectors

Sector Update: Consumer Stocks Decline Monday Afternoon

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.6%.In corporate news, GameStop (GME) has proposed to acquire eBay (EBAY) in a cash-and-stock deal worth about $55.5 billion. GameStop fell more than 7%, and eBay jumped 5.3%.Norwegian Cruise Line (NCLH) shares slumped more than 9%. The company lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while its Q1 revenue fell short of market estimates.Tyson Foods' (TSN) fiscal Q2 results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments. Its shares rose 2.5%.

$EBAY$GME$NCLH$TSN
US Markets

Tyson Foods' Second Quarter Tops Views as Chicken, Prepared Foods Drive Gains

Tyson Foods' (TSN) fiscal second-quarter results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments.Sales in the three months ended March 28 increased 4.4% to $13.65 billion from a year earlier, topping the FactSet consensus of $13.63 billion. Adjusted per-share earnings fell to $0.87 from $0.92 a year earlier, still exceeding the Street's $0.78 estimate.Tyson continues to expect sales to increase by 2% to 4% in fiscal 2026. Analysts are looking for sales of $56.51 billion, compared with the previous year's $54.44 billion.The company now anticipates full-year adjusted operating income to be $2.2 billion to $2.4 billion, compared with its previous forecast of $2.1 billion to $2.3 billion.Tyson's stock rose 2.6% in Monday trading. The shares have climbed 11% this year."We see continued evidence that chicken will be a preferred protein in the upcoming year, and we also expect our operational execution and performance to continue at a high level," Chief Financial Officer Curt Calaway said during an earnings call, according to a FactSet transcript."Based on the continuation of tight cattle supply, we expect segment operating income in beef to be a loss between $500 million and $350 million," Calaway said. "This outlook reflects the current view of cattle availability and spread conditions, partially offset by the footprint actions we implemented in the second quarter and the operating discipline we have underway."Chicken sales in the second quarter increased to $4.29 billion from $4.14 billion as the average price rose 1.8%, while volume grew 1.7%. Prepared-food sales advanced to $2.51 billion from $2.4 billion, with the average price increasing 4.4% and volume rising 0.4%.Beef revenue rose to $5.21 billion from almost $5.20 billion, with the average price up 11.5%, while volume decreased by 13%. Pork sales increased to $1.58 billion from $1.24 billion as the average price gained 1.3%, and volume climbed 4.4%.The chicken segment's operating margin improved to 11.8% in the second quarter from 8.9%. Margins for prepared foods edged higher to 13.9% from 13.7%.Beef's operating margin was negative 4.6% compared with negative 4.3% a year earlier, while the pork segment's operating margin improved to 2.6% from negative 14.5%.Price: $65.33, Change: $+1.65, Percent Change: +2.59%

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Sectors

Sector Update: Consumer Stocks Lean Lower Pre-Bell Monday

Consumer stocks were leaning lower pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.1%.GameStop (GME) said it submitted a non-binding proposal to acquire all outstanding shares of eBay (EBAY) for $125 each. Shares of eBay were up more than 6% and GameStop stock was down more than 5% premarket.Tyson Foods (TSN) shares were up more than 1% after the company reported fiscal Q2 adjusted net income and sales that topped analysts' estimates.Norwegian Cruise Line (NCLH) stock was down more than 6% after the company issued Q2 adjusted earnings outlook below analysts' expectations and cut its 2026 adjusted EPS guidance.

$EBAY$GME$NCLH$TSN$XLP$XLY
Asia Markets

US Equity Futures Slip Pre-Bell as Middle East Conflict Enters Third Month, Oil Prices Rise

US equity futures were marginally lower pre-bell Monday as the standoff in the Strait of Hormuz continued, with the Iran-US conflict reaching its third month and traders noting the increase in oil prices.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.1% higher.President Donald Trump said Sunday that the US would help guide vessels stranded in the Persian Gulf due to the conflict, and Iran responded by warning US forces not to enter the Strait of Hormuz.A US warship was turned away from entering the waterway after being hit by two missiles fired by Iran's navy near the port of Jask, according to Iran's Fars news agency, but a senior US official denied the report, Axios said.Among the companies expected to report quarterly earnings this week are Palantir Technologies (PLTR), Advanced Micro Devices (AMD), HSBC (HSBC), Arm (ARM), Shell (SHEL), and McDonald's (MCD).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2% at $110.31 per barrel and US West Texas Intermediate crude 0.8% higher at $102.72 per barrel.March factory orders, due at 10 am ET, are expected to have gained 0.6%, compared with no change previously, according to estimates compiled by Bloomberg.New York Federal Reserve President John Williams is due to speak today.In other world markets, Japan's Nikkei, China's Shanghai Composite, and the UK's FTSE 100 were all closed due to public holidays. Hong Kong's Hang Seng ended 1.2% higher. Germany's DAX index was flat in Europe's early afternoon session.In equities, Alibaba (BABA) shares rose 2% after Chinese robotics startup Linkerbot, which is backed by Alibaba unit Ant Group, said it will seek a $6 billion valuation in its next funding round, according to a Reuters report. EBay (EBAY) stock was 7.5% higher after GameStop (GME) said it submitted a non-binding proposal to acquire all outstanding shares of eBay for $125 each. Tyson Foods (TSN) shares were up 1.6% after the company reported fiscal Q2 adjusted earnings and sales that surpassed analysts' consensus.On the losing side, Norwegian Cruise Line (NCLH) stock was down 5.9% after the company issued lower-than-expected Q2 adjusted earnings guidance and trimmed its 2026 adjusted EPS outlook.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$BABA$EBAY$GME$HSBC$MCD$NCLH$PLTR$SHEL$TSN
Research

Research Alert: Tsn: A Q2 Eps Beat Despite Challenges In Beef

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TSN delivered a solid Q2 FY 26 (Sep.) EPS beat at $0.87 vs. $0.92 in the prior year, exceeding the consensus estimate by $0.09, while sales rose 4.4% to $13.6B. Chicken emerged as the standout performer with $505M operating income (+38%) and 11.8% margins (+290 bps), marking the 7th consecutive quarter of double-digit margins, reflecting supply chain improvements and chicken's strong value proposition relative to other proteins. The Pork segment recovered dramatically with margins improving to 2.6% from -14.5% due to network optimization and better capacity utilization. Management maintained its FY 26 outlook for adjusted operating income of $2.2-2.4B and total revenue growth of 2-4%. Beef headwinds persisted with -4.6% margins and 13.1% volume declines due to historically tight cattle supplies expected to continue through FY 26, while Prepared Foods maintained strong 13.9% margins. TSN returned $445M to shareholders YTD through dividends and buybacks, demonstrating continued capital allocation discipline.

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US Markets

Stocks Mostly Down Pre-Bell as Traders Assess Middle East Developments, Await Fresh Labor Data

The benchmark US stock measures were mostly pointing lower before the opening bell Monday as investors assess the latest developments in the Middle East involving the Strait of Hormuz and await fresh labor market data later in the week.The S&P 500 fell 0.1% and the Dow Jones Industrial Average declined 0.3% in premarket activity, while the Nasdaq was slightly in the green. The S&P 500 and the Nasdaq closed Friday's trading session with new record highs, while the Dow finished in the red.In a social media post on Sunday, President Donald Trump said the US will start guiding some neutral ships "locked up" in the Strait of Hormuz out of the crucial waterway. The initiative, dubbed "Project Freedom," is scheduled to begin on Monday, Trump said."These are ships from areas of the world that are not in any way involved with that which is currently taking place in the Middle East," according to Trump. "If, in any way, this humanitarian process is interfered with, that interference will, unfortunately, have to be dealt with forcefully."US Central Command said Sunday it will provide military support to restore commercial shipping through the strait, including the use of guided-missile destroyers.Iran's Fars news agency said two missiles hit a US warship in the Strait of Hormuz, Reuters reported Monday. US Central Command reportedly said that no US navy ships had been struck.Iran reportedly said Sunday it's reviewing a response from Washington to its latest offer for a peace deal, CNBC reported, citing Iranian state media. Tehran had reportedly sent an updated proposal to the US through Pakistani mediators.West Texas Intermediate crude oil climbed 4.7% to $106.76 a barrel before the open, while Brent advanced 4.8% to $113.37.Investors will be looking ahead to fresh labor market data later this week, beginning with the Job Openings and Labor Turnover Survey for March on Tuesday, followed by the ADP employment report for April on Wednesday. The Challenger Job Cut report and the government's nonfarm payrolls data, both for last month, are scheduled to be released on Thursday and Friday, respectively.Treasury yields were moving higher in premarket action, with the two-year rate inclining 3.9 basis points to 3.93% and the 10-year rate gaining 3 basis points to 4.41%.Federal Reserve Bank of New York President John Williams is slated to speak at 12:50 pm ET.Several major companies are expected to release their latest financial results this week, including Advanced Micro Devices (AMD), Walt Disney (DIS), McDonald's (MCD), Uber Technologies (UBER), Shopify (SHOP) and Pfizer (PFE).Palantir Technologies (PLTR) is set to announce its earnings after the markets close, while Tyson Foods (TSN) posts its results before the bell, among others.Shares of eBay (EBAY) jumped 10% pre-bell after video game retailer GameStop (GME) said it has sent a proposal to acquire the e-commerce company in a deal worth about $55.5 billion. Nebius' (NBIS) US-listed stock increased 2.5%.Gold fell 1.9% to $4,555 per troy ounce, while bitcoin nudged up 0.3% to $79,000.

Dow JonesNasdaq CompositeS&P 500$AMD$DIS$EBAY$GME$MCD$NBIS$PFE$PLTR$SHOP$TSN$UBER
Wire

Market Chatter: DOJ Antitrust Division Criminally Probing Beef Companies

The US Department of Justice's Antitrust Division is criminally investigating large meatpacking companies after President Donald Trump in November accused the firms of manipulating prices, The Wall Street Journal reported Monday, citing people familiar with the matter.The DOJ didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $64.71, Change: $-0.11, Percent Change: -0.17%

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Wire

DOJ Antitrust Division Probing Beef Companies Over Alleged Price Manipulation, The WSJ Reports

DOJ Antitrust Division Probing Beef Companies Over Alleged Price Manipulation, The WSJ Reports

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