Tyson Foods, Inc. (TSN) released its third quarter earnings report on Monday, August 4. The company reported higher than expected revenues, causing its stock to trade up 4% following the release of the report.

Tyson posted revenue of $13.88 billion for the quarter, up 4% from $13.35 billion reported in the same quarter last year. Third quarter revenue was above the $13.54 billion that analysts expected.

"Our third quarter results demonstrate the strength of our multi-protein, multi-channel portfolio and our relentless focus on operational excellence," said Tyson Foods CEO, Donnie King. "Delivering our fifth consecutive quarter of year-over-year growth across sales, adjusted operating income and adjusted earnings per share underscores the resilience of our business model. Looking ahead, we are confident in our ability to meet consumer needs, capitalize on protein demand and deliver long-term value to our shareholders."

For the third quarter, the company posted net income of $61 million or $0.17 per adjusted share. This is a significant decrease from net income of $191 million or $0.54 per adjusted share this time last year.

The Arkansas-based food company includes brands such as Jimmy Dean, Hillshire Farm and Ball Park. The company experienced a sales volume decrease in some of its segments: 3.1% in Beef, 2.3% in Prepared Foods and 0.8% in International Sales. The company, however, had an increase in sales of 1.5% in Pork and 2.4% in its Chicken segment. Operating income increased 8.7% in Chicken, 2.4% in Pork and 12% in Prepared Foods while decreasing 8.8% in Beef. Tyson updated its fiscal 2025 guidance and expects adjusted operating income to be between $2.1 and $2.3 billion and revenue to be up 2% to 3%.

Tyson Foods, Inc. (TSN) shares ended the week at $57.04, up 4.4% for the week.

Rivian Drives Up Earnings

Rivian Automotive, Inc. (RIVN) posted its second quarter earnings report on Tuesday, August 5. While the electric automotive company reported better-than-expected quarterly results, its stock dropped more than 5% following the earnings release.

Rivian reported revenue of $1.30 billion for the quarter, up from the $1.16 billion reported during the same quarter last year. Quarterly revenue exceeded analysts’ expectations of $1.28 billion.

“This quarter we made significant progress in R2 development and testing,” said Rivian CEO, RJ Scaringe. “We also substantially completed the expansion of our Normal, Illinois facility and have begun installing manufacturing equipment in preparation for our start of production. Along with R2, our autonomy platform continues to be one of our major focus areas, and we are excited to share more of our roadmap later this year.”

The company posted a net loss of $1.12 billion or $0.97 per adjusted share for the quarter. This was an improvement compared to a net loss of $1.46 billion or $1.46 per adjusted share during the same quarter last year.

The California-based electric vehicle manufacturer announced that it produced 5,979 EVs and delivered 10,661 vehicles during the second quarter. Rivian reported in its shareholder letter that it completed over 26,000 demo drives during the second quarter. The company also announced Volkswagen Group made a $1 billion investment on June 30, 2025, at an effective per share price of $19.42, representing a more than 30% premium from the 30-day volume-weighted average stock price. Rivian reaffirmed its full-year guidance and plans to deliver 40,000 to 46,000 vehicles by the end of 2025.

Rivian Automotive Inc. (RIVN) shares ended the week at $11.79, down 6.2% for the week.

Disney Releases Earnings

The Walt Disney Company (DIS) reported its third quarter earnings report on Wednesday, August 6. The entertainment company’s stock fell by 2% following the release of the report.

Revenue for the third quarter was $23.65 billion. This was up 2% from $23.16 billion in revenue last year at this time but below analysts’ expectations of $23.73 billion.

“We are pleased with our creative success and financial performance in Q3 as we continue to execute across our strategic priorities,” said Disney CEO, Robert A. Iger. “The company is taking major steps forward in streaming with the upcoming launch of ESPN’s direct-to-consumer service, our just-announced plans with the NFL, and our forthcoming integration of Hulu into Disney , creating a truly differentiated streaming proposition that harnesses the highest caliber brands and franchises, general entertainment, family programming, news, and industry-leading sports content. With ambitious plans ahead for all our businesses, we are not done building, and we are excited for Disney’s future.”

Disney posted net income of $5.26 billion for the quarter or $2.92 per adjusted share. Last year at this time, the company reported net income of $2.62 billion or $1.43 per adjusted share.

The company’s Experiences segment posted revenue of $9.09 billion, an 8% increase from $8.39 billion one year ago. Within the Experiences segment, domestic Parks and Experiences revenue rose 10% to $6.40 billion, while international revenue climbed by 6% to $1.69 billion. Disney’s Entertainment segment recorded $10.70 billion in revenue during the third quarter, up 1% from $10.58 billion reported last year. The company’s Sports segment experienced a 5% decline in revenue to $4.31 billion, compared to $4.56 billion during the same period one year ago. 

The Walt Disney Company (DIS) shares ended the week at $112.43, down 4.7% for the week.

The Dow started the week of 8/4 at 43,724 and closed at 44,176. The S&P 500 started the week at 6,272 and closed at 6,389. The NASDAQ started the week at 20,854 and closed at 21,450.

Treasury yields rose earlier in the week as investors reacted to the latest economic data report. Yields continued to climb at the end of the week as investors digested a large futures sale, which may have been a technical error.

On Tuesday, the Institute for Supply Management (ISM) announced that its nonmanufacturing purchasing managers index (PMI) fell to 50.1% in July, down from 50.8% reported in June. This was below analysts' expectations of 51.5%. PMI summarizes whether market conditions are expanding, contracting or remaining unchanged by surveying supply chain managers. Any number above 50% typically signals growth.

“July's PMI level continues to reflect slow growth, and survey respondents indicated that seasonal and weather factors had negative impacts on business,” said chair of the ISM survey, Steve Miller. “The Employment Index’s continued contraction and faster expansion of the Prices Index are worrisome developments.”

The benchmark 10-year Treasury note yield opened the week of August 4 at 4.23% and traded as high as 4.28% on Wednesday. The 30-year Treasury bond opened the week at 4.84% and traded as high as 4.86% on Wednesday.

On Thursday, traders reacted to a recent surge in Treasury yields, triggering speculation behind the increase. Speculation amongst traders included that a technical error occurred due to a “fat finger” mistake which is unintentional typing or inputting errors in the futures market. The market speculated that someone originally intended to sell 8,000 10-year treasury bond futures contracts but ended up selling 80,000. Since then, the deal has been cancelled.

"Selling of 80,000 in 10-year futures is massive,” said managing director of rates and trading at Mischler Financial, Tom di Galoma. “It is like 20 times the size of a normal transaction."

The 10-year Treasury note yield finished the week of 8/4 at 4.29%, while the 30-year Treasury note yield finished the week at 4.85%.

Mortgage Rates Continue to Decline

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, August 7. The survey showed mortgage rates continuing to decrease from the previous week.

This week, the 30-year fixed mortgage rate averaged 6.63%, down from last week’s average of 6.72%. Last year at this time, the 30-year fixed mortgage rate averaged 6.47%.

The 15-year fixed mortgage rate averaged 5.75% this week, down from last week’s average of 5.85%. During the same week last year, the 15-year fixed mortgage rate averaged 5.63%.

“The 30-year fixed-rate mortgage dropped to its lowest level since April,” said chief economist at Freddie Mac, Sam Khater. “The decline in rates increases prospective homebuyers’ purchasing power and our research shows that buyers can save thousands by getting quotes from a few different lenders.”

Based on published national averages, the savings rate was 0.38% as of 7/21. The one-year CD averaged 1.63%.

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