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Stock Market & Financial Investment News

News Breaks
February 12, 2014
08:02 EDTDPSDr Pepper Snapple reports Q4 core EPS 97c, consensus 85c
Reports Q4 revenue $1.46B, consensus $1.47B.
News For DPS From The Last 14 Days
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April 23, 2014
11:51 EDTDPSDr Pepper Snapple says 'pleased' with Keurig Green Mountain deal
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11:36 EDTDPSSodaStream surges after website says Starbucks close to buying stake
Shares of SodaStream (SODA) are jumping after Israeli website Globes reported that the company is in advanced talks to sell a 10% stake in itself to Starbucks (SBUX). Israel-based SodaStream markets at-home soda makers. WHAT'S NEW: Starbucks is in advanced talks about buying a 10% stake in SodaStream in a deal that would value the Israeli company at $1.1B, Globes reported today. That valuation would represent a 30% premium over the company's price as of earlier today, the Israeli website added. An official announcement of the deal will be made soon, Globes quoted unnamed sources close to the deal as saying. WHAT'S NOTABLE: Last week, another Israeli website, Hebrew language Calcalist, reported that SodaStream was in talks to sell a 10%-16% stake in itself to a strategic buyer at a company valuation of $1.1B. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Starbucks may have held talks with SodaStream about the matter, Calcalist previously stated. PRICE ACTION: In late morning trading, SodaStream jumped $4.45, or 11%, to $44.88.
11:22 EDTDPSDr Pepper Snapple says 2014 priorities 'unchanged'
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08:04 EDTDPSDr Pepper Snapple sees FY14 core EPS $3.38-$3.46, consensus $3.41
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08:03 EDTDPSDr Pepper Snapple reaffirms FY14 net sales, core EPS guidance
08:03 EDTDPSDr Pepper Snapple reports Q1 core EPS 74c, consensus 59c
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April 22, 2014
15:32 EDTDPSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Procter & Gamble (PG), consensus $1.02; Boeing (BA), consensus $1.56; Biogen Idec (BIIB), consensus $2.56; Dow Chemical (DOW), consensus 71c; EMC Corporation (EMC), consensus 35c; Thermo Fisher (TMO), consensus $1.40; Praxair (PX), consensus $1.51; General Dynamics (GD), consensus $1.64; Johnson Controls (JCI), consensus 65c; Norfolk Southern (NSC), consensus $1.15; Reynolds American (RAI), consensus 74c; Delta Air Lines (DAL), consensus 29c; Northrop Grumman (NOC), consensus $2.15; Air Products & Chemicals (APD), consensus $1.35; TD Ameritrade (AMTD), consensus 34c; Ingersoll-Rand (IR), consensus 26c; Dr Pepper Snapple (DPS), consensus 59c; Polaris Industries (PII), consensus $1.16; Ryder System (R), consensus 87c.
April 16, 2014
12:47 EDTDPSOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
10:49 EDTDPSSodaStream rallies following report of talks to sell stake to American company
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08:49 EDTDPSSodaStream investment report 'unsubstantiated and unlikely,' says Stifel
Stifel said it views the report in Israel-based Calcalist that SodaStream (SODA) was in talks with a large partner like PepsiCo (PEP), Dr. Pepper (DPS), or Starbucks (SBUX) for a 10%-16% strategic stake as "unsubstantiated and unlikely." Stifel noted that the publication reported falsely in the past that PepsiCo was going to purchase SodaStream and the firm maintained its Sell rating on SodaStream shares. Note that SodaStream shares are up nearly 12% in pre-market trade following Calcalist's report.
07:10 EDTDPSSodaStream in talks to sell stake to strategic buyer, Calcalist reports
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