Monday, November 18, 2013

Stocks to Watch: JinkoSolar, Tyson Foods, AbbVie

Among the companies with shares expected to actively trade in Monday’s session are JinkoSolar Holding Co.(JKS), Tyson Foods Inc.(TSN) and AbbVie Inc.

JinkoSolar’s third-quarter shipments rose even more than August’s forecast, surging 55%, allowing the Chinese solar company to again boost the year’s guidance. American depositary shares rose 11% to $32.69 premarket.

Tyson’s fiscal fourth-quarter earnings rose as the company upped international food production in China and focused on growing its prepared foods business. Shares of the chicken-producer rose 3.9% to $29.88 premarket as results topped expectations and the company issued a fiscal year revenue forecast slightly above expectations.

AbbVie Inc.(ABBV) said that its oral treatment regimen for hepatitis C showed positive results in 96% of patients in the first of six phase III studies, putting the company on track to make regulatory submissions in the second quarter of next year.

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Fund management group DIF agreed to acquire four new solar power plants from a Canadian Solar Inc.(CSIQ) (CSIQ) subsidiary for an undisclosed sum.

General Electric Co.(GE) agreed to sell the so-called Vital Signs segment of its health-care operation to CareFusion Corp.(CFN) (CFN) for $500 million.

J.P. Morgan Chase(JPM) & Co. agreed to pay $4.5 billion to investors seeking to recover losses from mortgage-backed securities sold before the financial crisis, the latest attempt by the largest U.S. bank to put its legal woes behind it.

Towers Watson(TW) & Co.’s board authorized a roughly 22% increase to the consulting firm’s dividend. The company said Friday it will now pay a quarterly cash dividend of 14 cents per share, up from 11.5 cents a share previously.

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