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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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August 15, 2014
12:39 EDTKOOn The Fly: Midday Wrap
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12:16 EDTGMCR, KOMonster surges as Coca-Cola takes 16.7% stake in company
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10:41 EDTRAXOptions with decreasing implied volatility
Options with decreasing implied volatility: ARWR ICPT UVXY MNKD KING VIX SVXY VXX RAX OPK
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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06:02 EDTRAXStocks with implied volatility movement; RAX HTZ
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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
12:01 EDTRAXThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
11:50 EDTRAXThird Point discloses 7.25M share stake in Rackspace
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11:46 EDTRAXOptions with decreasing implied volatility
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07:57 EDTRAXRackspace partnership potential remains, says Cowen
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07:39 EDTGMCRKeurig Green Mountain estimates lowered well below consensus at SunTrust
SunTrust lowered forecasts well below consensus for Keurig Green Mountain, as the firm believes its gross margins will be impacted by higher green coffee costs and new product launches. The firm's FY15 EPS estimate goes to $3.70 from $4.00, vs. consensus of $4.05, and FY16 was lowered to $4.39 from $4.49. When the company reports Q4 result in November, the analyst expects the company to provide FY15 guidance around its new estimate and for Street estimates to move lower. Shares are Neutral rated with a lowered price target of $110, down from $115.
07:07 EDTGMCRKeurig Green Mountain announces price increase, effective November 3
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