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Stock Market & Financial Investment News

News Breaks
May 13, 2014
12:28 EDTGMCR, KO, RDEN, WHR, RAX, HALOOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday after a report showed that retail sales barely rose in April. The Nasdaq, which has been the market leader all year, was in negative territory near noon, while the Dow and S&P 500 were both slightly positive. ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index rose to 95.2 in April, beating the consensus forecast for a 94.5 reading. Retail sales edged up 0.1% in April from the prior month, missing expectations for a 0.4% monthly increase. A measure of import prices fell 0.4% in April, compared to a forecast for a 0.3% increase. Export prices, which were also expected to fractionally increase, declined 1.0%. In China, retail sales increased 11.9% in April compared to the same month of last year, which was a bit below expectations. Industrial production growth in the month also slightly trailed the consensus forecast, rising 8.7%. In Europe, the Zew economic sentiment index for the euro area unexpectedly slipped to 55.2 in May from 61.2 in April. Also, a Wall Street Journal report indicated that the Bundesbank is ready to support a package of ECB easing measures in June to include a negative deposit rate and purchases of asset-backed securities. COMPANY NEWS: Keurig Green Mountain (GMCR) shares rose nearly 10% after Coca-Cola (KO) disclosed a deal to purchase additional shares, which increase Coke's stake in the K-cup coffee machine maker up to 16%. In February, Coca-Cola agreed to buy a 10% stake in Green Mountain for $1.25B, with an option to increase its stake in the future. MAJOR MOVERS: Among the notable gainers was Halozyme Therapeutics (HALO), which gained over 15% after reporting first quarter results and announcing that a committee supervising one of its previously halted clinical studies now supports continued enrollment of patients. Also higher was cloud company Rackspace (RAX), which advanced more than 7% after its first quarter results topped analysts' consensus estimates. Among the noteworthy losers was perfume and cosmetic maker Elizabeth Arden (RDEN), which plunged 20% after unexpectedly reporting a third quarter loss amid weaker than expected sales. Elizabeth Arden also confirmed that it has engaged Goldman Sachs (GS) to assist its board in looking into potential strategic alternatives, as had been reported by Reuters last month. Also lower were shares of appliance maker Whirlpool (WHR), which fell 3% after research firm Longbow downgraded the stock following its April retailer survey indicated a growth slowdown in both wholesale and sell-through volumes against the backdrop of a slowing U.S. housing sector. INDEXES: Near midday, the Dow was up 15.99, or 0.1%, to 16,711.46, the Nasdaq was down 11.17, or 0.27%, to 4,132.68, and the S&P 500 was up 0.66, or 0.03%, to 1,897.31.
News For GMCR;KO;RDEN;WHR;RAX;HALO From The Last 14 Days
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October 14, 2014
05:50 EDTRAXRackspace upgraded to Buy from Hold at Evercore
October 13, 2014
15:23 EDTKOCoca-Cola Amatil could sell water brand to Coca-Cola, AFR says
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12:16 EDTWHREuropean Commission approves Whirlpool acquisition of Indesit
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10:08 EDTWHROn The Fly: Analyst Upgrade Summary
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09:23 EDTRAXHP could buy lower valuation company, says Bernstein
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07:26 EDTGMCRAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
06:47 EDTWHRWhirlpool upgraded to Buy from Neutral at Longbow
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October 10, 2014
06:49 EDTWHRWhirlpool risks from Sears exposure overstated, says BofA/Merrill
BofA/Merrill said Whirlpool (WHR) concerns from Sears (SHLD) exposure are overdone and notes total revenues from Sears are approximately 9% of North American revenues. Shares are Buy rated.
October 9, 2014
10:38 EDTKOPepsiCo climbs after results beat estimates, outlook raised
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09:02 EDTRAXRackspace appoints Brian Kelly as Chief Security Officer
Rackspace announced the appointment of Brian Kelly as Chief Security Officer. Kelly will be responsible for overseeing physical and information security efforts for Rackspace and its customers globally. Prior to Rackspace, Kelly served as Ernst & Young's Executive Director where he successfully modernized and transformed enterprise security programs while driving business value.
06:13 EDTGMCRKeurig Green Mountain implied volatility of 34 at lower end of index mean range
October 7, 2014
12:09 EDTGMCROn The Fly: Midday Wrap
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11:27 EDTRAXHP non-public info may relate to Rackspace, Betaville speculates
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10:02 EDTGMCROn The Fly: Analyst Initiation Summary
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09:18 EDTRAXRackspace partnership with Google positive for sentiment, says Wells Fargo
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09:03 EDTRAXRackspace to offer managed IT services support for full Google Apps for Work
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08:34 EDTHALOHalozyme issued patent for diagnosing hyaluronan-associated diseases
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05:25 EDTGMCRKeurig Green Mountain initiated with a Buy at Goldman
Goldman Sachs started shares of Keurig Green Mountain with a Buy rating saying the company is entering a period of accelerating sales and earnings growth. The firm expects growth to be driven by Keurig's Hot system and incremental contribution from the Cold platform. It set a $166 price target for shares.
October 6, 2014
17:58 EDTKOCoca-Cola announces preliminary approval of settlement agreement in Glaceau suit
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08:01 EDTGMCRKeurig Green Mountain announces multi-year agreement with W.B. Mason
Keurig Green Mountain and W.B. Mason Co announced a multi-year agreement to offer W.B. Masonís SHAZAM coffee in K-Cup packs for the Keurig hot brewing system in away from home channels. SHAZAM will be the first brand to come into the Keurig family from a Keurig Authorized Distributor. The companies plan to launch the new SHAZAM coffee K-Cup packs later in the month of October 2014 with Light, Medium, and Dark Roast blends exclusively to W.B. Mason customers.
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