Toward the end of trading Monday, the Dow traded up 0.05
percent to 15,969.47 while the NASDAQ declined 0.94 percent to
3,948.93. The S&P also rose, gaining 0.42 percent to
Top Headline Tyson Foods (NYSE:
reported a rise
in its fourth-quarter profit.
Tyson's quarterly profit surged to $261 million, or $0.70 per
share, versus a year-ago profit of $181 million, or $0.51 per
share. Its adjusted earnings gained to $0.70 per share from $0.55
Its revenue surged to $8.9 billion from $8.3 billion. However,
analysts were estimating earnings of $0.69 per share on revenue
of $8.8 billion.
Equities Trading UP JinkoSolar Holding Co (NYSE:
) shot up 12.20 percent to $33.10 after the company reported its
Q3 profit of $1.44 per share and lifted its full-year outlook for
solar module shipments.
Shares of Diebold (NYSE:
) were also up, gaining 4.71 percent to $32.01 after the company
received an upgrade from KeyBanc to a Buy rating and a $35 price
) was also up, gaining 4.51 percent to $51.69 after the company
announced withdrawal of proposed offering of convertible
Equities Trading DOWN Shares of Tesla (NASDAQ:
) got crushed on Monday's session, falling 10.48 percent to
$121.32 on seemingly little news. The equity took a hit at the
market open, breaking below the psychological $130 level and
became a technician's playground the rest of the session.
) shares tumbled 9.45 percent to $6.22 after
downgraded the stock from Neutral to Sell and lowered the price
target from $8.00 to $6.00.
) was down, falling 5.68 percent to $41.46 after
coverage on the stock with a Sell rating.
Commodities In commodity news,
oil traded down 0.98 percent
to $92.92, while gold traded down 1.17 percent to $1,272.80.
Silver traded down 2.15 percent Monday to $20.36, while copper
fell 0.68 percent to $3.16.
Eurozone European shares
today. The Spanish Ibex Index rose 0.88 percent, while Italy's
FTSE MIB Index surged 2.16 percent. Meanwhile, the German DAX
gained 0.74 percent and the French CAC 40 climbed 0.66 percent
while U.K. shares rose 0.45 percent.
Economics The NAHB housing market index came in at 54 in
November, versus a revised reading of 54 in October. However,
economists were expecting a reading of 55.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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