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Stock Market & Financial Investment News

News Breaks
December 31, 2012
07:01 EDTDF, GIS, K, SBUX, GMCRRepublicans fighting amongst themselves over farm bill, Politico reports
House Republican leaders were harshly criticized yesterday for proposing to extend the farm bill for just 30 days, in an attempt to prevent milk prices from jumping starting tomorrow, according to Politico. Among the critics was House Agriculture Committee Chairman Frank Lucas, who is also a Republican and was pushing for a longer term extension, the website noted. Reference Link
News For DF;GIS;K;SBUX;GMCR From The Last 14 Days
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September 17, 2014
06:46 EDTKKellogg downgraded at Societe Generale
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06:32 EDTGISGeneral Mills downgraded to Sell from Hold at Societe Generale
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06:32 EDTKKellogg downgraded to Hold from Buy at Societe Generale
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September 16, 2014
15:14 EDTGISNotable companies reporting before tomorrow's open
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14:40 EDTGISGeneral Mills September volatility elevated into Q1 and outlook
General Mills September call option implied volatility is at 31, October is at 17, January is at 15; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 17.
13:19 EDTSBUXMcDonald's Canada to offer coffee in grocery stores, Reuters says
McDonald's (MCD) is poised to start offering its McCafe ground coffee throughout Canadian grocery stores this month in an effort to gain more customers in a country whose java market has been lead by competitors such as Tim Hortons (THI) and Starbucks (SBUX), according to Reuters, citing comments from McDonald's Canada CEO John Betts. Reference Link
September 14, 2014
13:35 EDTSBUXStarbucks shares could fall, Barron's says
Starbucks shares could fall and were placed on Hedgeye Risk Management analyst Howard Penney's best-ideas list as a short, Barron's argues in its 'The Trader' column. Reference Link
September 12, 2014
16:44 EDTGISMarket ends week lower as investors fret over Fed statement
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08:17 EDTSBUXStarbucks 6.2M share Block Trade priced at $75.15
BofA/Merrill acted as sole book running manager for the offering.
September 11, 2014
10:42 EDTGISWhiteWave seen having 50% chance of being acquired
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06:36 EDTSBUXStarbucks to sell single-origin coffees in supermarkets, WSJ reports
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September 10, 2014
07:35 EDTGISGeneral Mills September volatility elevated into Q1 and outlook
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September 9, 2014
16:23 EDTGISOn The Fly: Closing Wrap
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13:58 EDTSBUXStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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12:10 EDTGISOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday after opening in the red and trading in a narrow range throughout the morning. The domestic economic calendar only had two reports of consequence, and neither was particularly market moving. All eyes are on Cupertino, California, where Apple (AAPL) will shortly begin its much-anticipated product launch event. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism survey for August came in at 96.1, which was above the expected 96.0 reading. The Job Openings and Labor Turnover Survey, or JOLTS report, showed job openings slipped 2K to about 4.67M in July. COMPANY NEWS: Shares of Apple were up 1% near noon ahead of the tech giant's latest product launch event, which is scheduled to begin at 1 pm ET. Expectations are for the company to introduce the iPhone 6, which has widely been speculated to be bigger than past members of the line-up and may come in 4.7 inch and 5.5 inch sizes. The company is also expected to unveil a wearable device, likely a smartwatch, and a mobile payment system integrated with both... Shares of fast food giant McDonald’s (MCD) slid 1% after reporting its comparable sales were down 3.7% worldwide in August and that its China supplier issue will negatively impact its Q3 EPS by 15c-20c. MAJOR MOVERS: Among the notable gainers was Annies (BNNY), which surged 38% after prepared foods giant General Mills (GIS) last night said that it had agreed to buy the mac and cheese maker for $820M, or $46 per share in cash. Shares of a number of other natural food makers climbed after the deal, as WhiteWave (WWAV) rose nearly 3% and Boulder Brands (BDBD) jumped over 8%. Following the deal announcement, shares of General Mills slipped about 0.5%. Among the noteworthy losers was Leidos (LDOS), which dropped 15% after the company reported lower than expected second quarter earnings and cuts its EPS view for the fiscal year. Also lower was MaxLinear (MXL), which fell 15% after the company said several of its cable and satellite customers have requested push-outs of shipments, resulting in the company lowering its Q3 revenue outlook and Needham downgrading the stock to Buy from Strong Buy. INDEXES: Near midday, the Dow was down 69.02, or 0.4%, to 17,042.40, the Nasdaq was down 14.93, or 0.33%, to 4,577.35, and the S&P 500 was down 6.74, or 0.34%, to 1,994.80.
10:12 EDTGISNatural food makers rise following Annies acquisition
Shares of a number of natural food makers are climbing after one of the companies in the sector, Annies (BNNY), announced last night that it agreed to be acquired by General Mills (GIS). In a note to investors today, research firm Oppenheimer wrote that the deal should cause the valuations of two natural food makers, Boulder Brands (BDBD) and WhiteWave (WWAV), to rise in the near-term. WHAT'S NEW: General Mills last night said that it had agreed to buy Annie's for $46 per share in cash, or $820M. Annies' stock closed yesterday at $33.51. General Mills expects the transaction to be accretive to its earnings in the first 12 months following the completion of the deal. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Rupesh Parikh wrote that the acquisition of Annie's could cause the valuations of stocks in the natural foods sector to rise significantly. The terms of the acquisition of Annies imply a nearly 40x P/E multiple to consensus FY15 forecasts for the company, according to Parikh. The shares of Boulder Brands and WhiteWave should advance in the near-term, added the analyst, who kept Outperform ratings on both names PRICE ACTION: In early trading, WhiteWave rose 3.9% to $37.10, while Boulder Brands jumped 7.6% to $14.25. Another stock in the sector, Hain Celestial (HAIN), advanced 3.5% to $101.17, while Annies surged 37% to $46 and General Mills slipped 0.5% to $53.26.
09:12 EDTGISOn The Fly: Pre-market Movers
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08:02 EDTGISBoulder Brands WhiteWave Foods could be lifted by Annie's deal, says Oppenheimer
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06:11 EDTGISAnnie's volatility expected to move on being acquired by General Mills for $820M
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06:10 EDTGISGeneral Mills acquisition a logical long-term move, says Deutsche Bank
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