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The top stocks to watch today (Monday, Feb. 6, 2017) include a major chicken producer, a jewelry retailer, and a game manufacturer.
Earnings reports drove early morning market moves, but the market's focus will shift this afternoon...
Brexit is going to cause a lot of volatility in the markets Monday, following reports that major companies in the UK are feeling the effects. A poll of over 100 CEOs of the top 500 UK companies reported that almost 60% of them are feeling the impact of Brexit. The outlook for the next year isn't any better with 66% of those surveyed expecting the situation will get worse.
Here are the three top stocks to watch today and why they're today's top movers...
Top Stocks to Watch Today No. 3: Tyson Foods Inc. (NYSE: TSN)
Tyson Foods Inc. (NYSE: TSN) reported better than expected earnings this morning. Tyson stock is up over 4% in early morning trading because of the news.
The company reported earnings per share (EPS) of $1.59 for Q4, up from $1.15 for the same quarter the year before. Analysts expected EPS of $1.26.
Tyson saw 28.6% earnings growth year over year. Full-year guidance for Tyson's EPS is $4.90 to $5.05.
TSN stock is currently trading at $65.39 for a gain of 6% year to date (YTD).
Top Stocks to Watch Today No. 2: Tiffany & Co. (NYSE: TIF)
Tiffany & Co. (NYSE: TIF) announced that CEO Frederic Cumenal was stepping down. Tiffany stock is down almost 5% due to the news.
The CEO's resignation comes after disappointing a Q4 earnings report. The company failed to meet Q4 sales expectations and cited increased security at the New York City flagship location due to President Trump's victory as the reason.
Cumenal's resignation is effective immediately. Previous CEO Michael Kowalski will act as CEO until a replacement is found.
TIF stock is currently trading at $80.47 for a gain of 4% YTD.
Top Stocks to Watch Today No. 1: Hasbro Inc. (Nasdaq: HAS)
Hasbro Inc. (Nasdaq: HAS) announced a better than expected earnings report, bucking the negative holiday report trend.
Hasbro stock is up 10% in early morning trading after announcing EPS of $1.64. The same quarter the year before, the company had an EPS of $1.39. Analysts expected Q4 EPS to be $1.27.
The year-over-year earnings growth is 18%, while revenue is up 11% to $1.63 billion.
HAS stock is currently trading at $82.63 for a 6% gain YTD.
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