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Stock Market & Financial Investment News

News Breaks
January 3, 2014
11:02 EDTADM, KOArcher 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
Check below for free stories on ADM;KO the last two weeks.
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August 20, 2014
13:25 EDTADMArcher Daniels price target raised to $57 from $49 at Argus
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August 18, 2014
15:05 EDTADMArcher Daniels intends to expand Barcarena terminal capacity to 6M tons by 2016
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13:12 EDTKOAnalysts mixed on Monster Beverage following Coke deal
Analysts had mixed outlooks on energy drink maker Monster Beverage (MNST) in notes to investors earlier today. The analyst comments come after last Thursday nightís announcement that Monster had formed a strategic partnership with Coca-Cola, which included Coca-Cola taking a 16.7% stake in the energy drink maker. BEARISH TAKE: Jefferies analyst Kevin Grundy downgraded Monster Beverage to Hold from Buy, saying that the stock's valuation "looks full" following its rally on Friday. The potential for a strategic deal is no longer a positive catalyst for Monster's stock, as that catalyst largely played out Friday, Grundy believes. Although Coca-Cola is likely to increase its stake in Monster, it will likely take years to do so, the analyst forecast. Additionally, the growth of the global energy drink space has been slowing in recent months, creating risk for Monster, the analyst believes. However, Grundy did raise his price target on the shares to $95 from $80. BULLISH TAKE: The deal is "a big win" for both Monster and Coca-Cola, but Monster will benefit more, analysts at Wells Fargo contended. The deal should significantly increase Monster's opportunity in international markets, according to the firm. Moreover, Wells believes that the market has historically undervalued Monster's international potential, and it estimates that the company's international business is worth about $65 per share. The firm raised its price target range on the stock to $104-$106 from $79-$81 and kept an Outperform rating on the shares. Like Wells Fargo, Credit Suisse expects the deal to accelerate the growth of Monster's international business. Additionally, the firm thinks that Monster could return a significant percentage of the $2.1B it received from Coca-Cola to shareholders, either through share repurchases or a one-time dividend. Credit Suisse increased its price target on Coca-Cola to $98 from $82 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Monster dropped 4% to $89.50. On Thursday the stock closed at $71.65.
07:41 EDTKOMonster Beverage price target raised to $104-$106 from $79-$81 at Wells Fargo
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August 15, 2014
16:38 EDTKOOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market short circuited following reports of a skirmish in the Ukraine where a Russian convoy was supposedly fired upon when it crossed the border. The averages quickly dropped and were only able to partially recover, as investors moved to the sidelines to avoid additional geopolitical risk over the weekend. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of Monster Beverage (MNST) surged $21.84, or 30.48%, to $93.49 after Coca-Cola (KO) bought a stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster, in trade for which Monster will transfer its non-energy business to Coke. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 81c, or 9.6%, to $9.25 after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Paylocity (PCTY), which advanced $2.17, or 9.79%, to $24.34 after reporting better than expected fourth quarter revenue and guiding to higher than expected sales in its first quarter. Among the noteworthy losers was retailer J.C. Penney (JCP), which fell 24c, or 2.46%, to $9.50 despite posting a narrower than expected loss for the second quarter. Also lower were shares of another department store owner, Dillard's (DDS), which dropped $9.49, or 8.21%, to $106.11 after reporting quarterly results that missed expectations. INDEXES: The Dow dropped 50.67, or 0.3%, to 16,662.91, the Nasdaq gained 11.92, or 0.27%, to 4,464.93, and the S&P 500 slipped 0.12, or 0.01%, to 1,955.06.
12:39 EDTKOOn The Fly: Midday Wrap
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12:16 EDTKOMonster surges as Coca-Cola takes 16.7% stake in company
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09:10 EDTKOOn The Fly: Pre-market Movers
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09:09 EDTKOMonster Beverage to hold a conference call
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09:03 EDTKOMonster Beverage sees 2013 pro forma op. income above $700M after Coke deal
Monster Beverage (MNST) estimated its 2013 operating income to be over $700M on a pro forma basis following its new deal, as compared to $600M for "current Monster," the company stated in slides discussing its long-term strategic partnership and asset swap with Coca-Cola (KO). The company estimated its 2013 pro forma 2013 net sales at $2.4B, up from $2.2B for current Monster. The company sees a pro forma 2Q14 cash balance of $2.6B, compared to $0.8B for current Monster. Reference Link
07:16 EDTKOCoca-Cola stake in Monster a win-win for both, says Wells Fargo
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06:24 EDTKOMonster Beverage volatility expected to move on Coca-Cola takes 16.7% stake
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August 14, 2014
19:08 EDTKOOn The Fly: After Hours Movers
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17:58 EDTKOSodaStream up 3.5% after Coca-Cola takes stake in Monster Beverage
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16:50 EDTKOMonster Beverage up 24% after Coca-Cola takes 16.7% stake
16:43 EDTKOCoca-Cola, Monster Beverage enter into long-term strategic partnership
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16:40 EDTKOCoca-Cola takes 16.7% stake in Monster Beverage for $2.15B
August 12, 2014
16:00 EDTKOOptions Update; August 12, 2014
iPath S&P 500 VIX Short-Term Futures down 20c to 31.65. Option volume leaders: AAPL MNKD TWTR TSLA KMI KATE MGM NFLX KO according to Track Data.
06:47 EDTADMArcher Daniels not consulted by GrainCorp regarding new CEO, Reuters says
GrainCorp (GRCLF) executive chairman and interim CEO Don Taylor said that the company did not ask the opinion of former buyout bidder Archer Daniels Midland (ADM) regarding its choice to name Mark Palmquist as its new managing director and CEO, according to Reuters, citing Taylor. Reference Link
August 8, 2014
10:23 EDTADMArcher Daniels files $3B mixed securities shelf
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