New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2013
09:44 EDTBUD, STZJudge puts AB InBev, U.S. antitrtust suit on hold, Bloomberg reports
A judge has put the antitrust lawsuit between AB InBev (BUD) and the U.S. on hold after additional time was sought for settlement talks, Bloomberg reports. AB InBev is seeking to acquire Grupo Modelo (GMPCY).
News For BUD;STZ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
07:26 EDTBUDAnheuser-Busch acquires Seattle brewer Elysian Brewing
Anheuser-Busch announced late Friday that it has agreed to purchase Elysian Brewing Company, based in Seattle, Washington. Elysian sold more than 50,000 barrels of beer in 2014, with Immortal IPA accounting for more than a quarter of the company’s total volume. In addition to the Seattle Airport Way brewery, the acquisition includes the company’s four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR. Anheuser-Busch’s purchase of Elysian is expected to close by the end of the first quarter of 2015. Terms of the agreement were not disclosed.
January 15, 2015
10:37 EDTSTZKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
09:40 EDTBUDAB InBev's Bud Light Button to offer beer delivery in an hour, WSJ reports
Subscribe for More Information
07:37 EDTSTZConstellation Brands initiated with a Buy at Argus
Subscribe for More Information
January 14, 2015
17:02 EDTSTZConstellation Brands names Bill Newlands Chief Growth Officer
Subscribe for More Information
January 13, 2015
11:48 EDTSTZConstellation Brands upgraded to Hold from Sell at Societe Generale
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use