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Stock Market & Financial Investment News

News Breaks
January 3, 2014
11:02 EDTKO, ADMArcher Daniels names Bard Chief Compliance Officer
Archer Daniels Midland (ADM) named Ben Bard VP and global Chief Compliance Officer. Bard will be responsible for ADMís Office of Compliance and will oversee the companyís compliance policies and programs. His appointment will be effective Jan. 20. Bard joins ADM after seven years at The Coca-Cola Company (KO).
News For ADM;KO From The Last 14 Days
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February 8, 2016
08:52 EDTADMArcher Daniels to acquire Moroccan processing facility from Tate & Lyle
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08:16 EDTKOCoca-Cola volatility elevated into Q4 and outlook
Coca-Cola February weekly call option implied volatility is at 26, February is at 20, March is at 17; compared to its 52-week range of 12 to 25, suggesting large near term price movement into the expected release of Q4 results on February 9.
February 5, 2016
10:02 EDTKOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded on valuation at Argus... Allstate (ALL) upgraded to Buy from Neutral at Citi... CACI (CACI) upgraded to Buy from Neutral at Citi... Coca-Cola Enterprises (CCE) upgraded to Neutral from Negative at Susquehanna... Coca-Cola (KO) upgraded to Neutral from Negative at Susquehanna... Comcast (CMCSA) upgraded following Q4 results at Argus... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark... Goldman Sachs (GS) upgraded to Buy at UBS... JPMorgan (JPM) upgraded to Buy from Neutral at UBS... KeyCorp (KEY) upgraded to Buy from Neutral at UBS... Kona Grill (KONA) upgraded to Outperform from Market Perform at Telsey Advisory... LPL Financial (LPLA) upgraded to Neutral at Susquehanna... Level 3 (LVLT) upgraded to Overweight from Equal Weight at Stephens... Resolute Forest (RFP) upgraded to Outperform from Sector Perform at RBC Capital... Suburban Propane (SPH) upgraded to Buy from Neutral at Citi... Sysco (SYY) upgraded at Argus... U.S. Concrete (USCR) upgraded to Buy from Neutral at Citi... Ubiquiti (UBNT) upgraded to Buy from Hold at Wunderlich... United Natural Foods (UNFI) upgraded to Sector Perform from Underperform at RBC Capital... Weatherford (WFT) upgraded to Strong Buy from Market Perform at Raymond James... Whole Foods (WFM) upgraded to Neutral from Underperform at Longbow... Wi-LAN (WILN) upgraded to Speculative Buy from Hold at Canaccord.
07:37 EDTKOCoca-Cola upgraded to Neutral from Negative at Susquehanna
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06:23 EDTKO20 companies make alliance to keep down healthcare costs, WSJ says
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February 2, 2016
10:20 EDTADMArcher Daniels to acquire controlling stake in Harvest Innovations
Archer Daniels Midland said it has reached an agreement to purchase a controlling stake in Harvest Innovations, a company involved in minimally processed, expeller-pressed soy proteins, oils and gluten-free ingredients. Harvest Innovations uses expeller pressing to turn grains, legumes and oilseeds into minimally-processed, non-GMO, organic, gluten-free ingredients. Harvest Innovations is based in Indianola, Iowa, and has a second processing facility in Deshler, Ohio. ADM anticipates closing the transaction, which is subject to regulatory approval, in the coming months.
10:02 EDTADMArcher Daniels falls sharply after earnings
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09:52 EDTADMArcher Daniels says 'couple hundred million' in 2016 budget for bolt-on M&A
Archer Daniels said that for 2016 it is budgeting for CapEx around $1B, adding that it "always" has a "little bit" reserved for potential bolt-on acquisitions, "probably a couple hundred million dollars." In terms of divestments, executives said the company has "achieved a lot already in terms of divestitures" and is "not planning for a large divestitures number" in 2016.
09:29 EDTADMArcher Daniels sees 2016 environment similar to second half of 2015
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09:28 EDTADMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Michael Kors (KORS), up 17.3%... Mattel (MAT), up 6.9%... Mallinckrodt (MNK), up 4.3%... Alphabet (GOOGL), up 5%... Dow Chemical (DOW), up 3%... UPS (UPS), up 2.3%. ALSO HIGHER: Netflix (NFLX), up 1.1% after being upgraded to Overweight from Neutral at Piper Jaffray... Hansen Medical (HNSN), up 18.8% after announcing FDA clearance of Magellan Robotic Catheter eKit. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 20%... BP (BP), down 8.5%... Royal Caribbean (RCL), down 7%... Waddell & Reed (WDR), down 5.5%... Archer Daniels Midland (ADM), down 5.5%. ALSO LOWER: Twitter (TWTR), down after being downgraded to Sell from Hold at Stifel... American Campus (ACC), down 1.1% after 15.6M share Spot Secondary priced at $41.25... Horsehead (ZINC), down 47.6% after filing for Chapter 11 protection in Delaware.
09:15 EDTADMArcher Daniels says 'prudent' spending kept capex near low end of guidance
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07:07 EDTADMArcher Daniels says adverse market conditions continued in Q4
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07:06 EDTADMArcher Daniels raises dividend 7% to 30c per share
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07:05 EDTADMArcher Daniels reports Q4 adjusted EPS 61c, consensus 64c
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February 1, 2016
17:25 EDTADM3M elects two new board members
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14:48 EDTADMArcher Daniels volatility elevated into Q4 and outlook
Archer Daniels February weekly call option implied volatility is at 65, February is at 40, March is at 45; compared to its 52-week range of 14 to 39, suggesting large near term price movement into the expected release of Q4 results on February 2.
14:32 EDTADMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
11:18 EDTKOWells Fargo, Citron take sides in Monster Beverage debate
Monster Beverage (MNST) is rising slightly in the down market after Wells Fargo upgraded the stock, saying that the shares have reached a compelling entry point while Monster's convenience store sales appear to have accelerated. UPGRADE: The recent weakness in Monster's stock has created a "compelling entry point," according to Wells Fargo analyst Bonnie Herzog, who upgraded the stock to Outperform from Market Perform. Moreover, Wells Fargo's survey of beverage retailers suggests that the company's sales at convenience stores rose 10% last quarter, up from 7% in Q3. Additionally, the survey found that the quality of Monster's distribution operation had greatly improved in recent months. As a result, Herzog wrote that the issues caused by the company's transition to using Coca-Cola's (KO) distribution system had been "largely resolved." Monster's earnings growth should accelerate over the next five years as it penetrates new overseas markets, including China, the analyst contended. There are "numerous scenarios" that would enable the beverage maker to beat earnings expectations going forward, Herzog believes. In addition to international expansion, the company could benefit from accelerated share buybacks, a reduced tax rate and "major innovations" in beverages outside of its core energy business, according to Herzog. She raised her price target on the shares to $159-$161 from $139-$141. SHORT REPORT: On January 29, short-selling research firm Citron wrote that Monster's "valuation..is completely removed from reality." Over the past five years, Monster's stock has surged 500%, even though its revenue has only increased 90%, the firm stated. Meanwhile, Coca-Cola's 2014 purchase of a stake in Monster will prevent the latter company from being acquired, as Coke is not interested in buying Monster, Citron contended. In China, Monster will have to cope with high start-up costs, tough competition and lower margins, Citron warned. Furthermore, the company's new products cannibalize its existing drinks, Citron believes. Also on January 29, the small Eastern European country of Latvia decided to ban sales of energy drinks to minors. PRICE ACTION: In late morning trading, Monster climbed 2% to $137.73. The stock dipped about 1.6% on Friday.
January 31, 2016
20:43 EDTKOOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
15:06 EDTKOCoca-Cola makes strategic investment in Chi, plans full ownership within 3 years
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