Shares of the Springdale, Arkansas-based company rose 3.5% in premarket trade, after gaining more than 15% for the year so far. Tyson's second-quarter net sales fell 0.5% to $13.07 billion, compared with estimates of $13.16 billion. Tyson, the maker of Ball Park hotdogs, said it continues to expect total sales to be flat in fiscal 2024, compared with the previous year's $52.88 billion.
The market rally made a bullish move, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report