Tyson, Robinhood, Walmart, Paramount Skydance and More Stocks That Defined the Week

Dow Jones
11/15

Tyson

Where's the beef? Chicken sales are helping offset Tyson's beef losses as the American cattle shortage takes a bite out of Tyson's profits.

The meatpacking giant on Monday said its beef prices rose 17% in the latest quarter, while beef sales volumes fell 8% amid the lowest U.S. cattle supply since the 1950s.

As price tags rise on beef and pork products, consumers are flocking to chicken nuggets and wings, helping lift Tyson's chicken sales.

Overall, Tyson's quarterly profit fell 87% to $47 million. The company also posted a stronger-than-expected outlook for operating income in fiscal 2026.

Tyson shares added 2.3% Monday.

Beyond Meat

American appetite for Beyond Meat is dwindling.

The plant-based protein company on Monday posted a wider quarterly loss and declining sales as demand from U.S. customers and restaurants fell. Beyond's meat-alternative products include vegetable-based burgers and sausages.

Its retail and food-service sales in the U.S. fell more sharply than in international markets, with total U.S. revenue down 21% and international sales down 1%.

Its quarterly revenue fell 13% to $70.2 million. Beyond expects its fourth-quarter revenue to be $60 million to $65 million. The company in May withdrew its full-year outlook, citing uncertainty, and hasn't reinstated it.

Beyond Meat shares sank 9% Tuesday.

FLUTTER ENT

The owner of sports-betting platform FanDuel is hedging its bets on its annual performance.

The gambling company -- whose brands also include PokerStars and Paddy Power -- now expects full-year revenue of $16.69 billion, down from previous guidance of $17.26 billion.

The company also reported a wider third-quarter net loss, reflecting expenses from Indian regulation changes and a $205 million payment to Boyd Gaming, whose 5% stake in FanDuel the company agreed to buy earlier this year.

Meanwhile, its FanDuel unit announced plans to launch a sports prediction-market platform next month in a partnership with CME Group, which operates futures and options exchanges.

Flutter shares slipped 14% Thursday.

Paramount Skydance Corp

A tale of two media giants: Paramount Skydance and Walt Disney.

Paramount Skydance shares rallied 9.8% Tuesday after the entertainment company posted streaming growth in its first quarterly report since the merger of Paramount and David Ellison's Skydance Media. It also raised its cost-cutting target to at least $3 billion.

On Friday, The Wall Street Journal reported that Paramount, Comcast, and Netflix are preparing bids for Warner Brothers Discovery ahead of a Nov. 20 deadline for first round offers.

Meanwhile, Walt Disney's quarter was less magical than Wall Street expected, sending shares down 7.7% Thursday.

Disney posted mixed results, with a decline in its networks and movie business offsetting gains in parks and streaming. Box-office revenue dropped as the quarter's biggest release, Marvel's "The Fantastic Four: First Steps," proved to be a modest disappointment.

Robinhood

Robinhood wants to deliver your cash right to your door.

The brokerage is teaming up with food-delivery app Gopuff to offer home delivery of its banking customers' money, The Wall Street Journal reported Thursday.

Users can receive their cash withdrawals in a sealed paper bag for a delivery fee of $6.99 -- or $2.99 if they have more than $100,000 in assets across their accounts. Customers must be Robinhood Gold members and have monthly direct deposits of at least $1,000 set up to their bank accounts.

The service is rolling out in New York, and will launch in San Francisco, Philadelphia, Washington, D.C., and other major cities in coming months.

Robinhood shares sank 8.6% Thursday amid a broader market downturn.

Wal-Mart

Chief Executive Doug McMillon is stepping down after over a decade of leading America's largest retailer and private employer.

The company said Friday that McMillon will remain on the company's board through next spring. His successor is John Furner, a Walmart lifer who has been leading Walmart U.S. for several years.

Furner will replace McMillon on Feb. 1, the company said. He will be the company's fifth CEO since founder Sam Walton.

Under McMillon's tenure, Walmart shares have risen more than 400% on a total return basis and the company has gained $576 billion in market capitalization, according to a Wall Street Journal analysis. It has also grown to over $680 billion in annual revenue.

Walmart shares dipped 0.1% Friday, paring earlier losses.

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