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Stock Market & Financial Investment News

News Breaks
May 13, 2014
12:28 EDTRAX, KO, WHR, GMCR, HALO, RDENOn 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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January 23, 2015
13:07 EDTGMCRKeurig Green Mountain mentioned cautiously at Detwiler Fenton
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10:50 EDTGMCRGreen Mountain Coffee calls active on renewed takeover chatter
Green Mountain Coffee January weekly 142 and 145 calls are active on total call volume of 3,200 contracts (600 puts). January weekly call option implied volatility is at 38, February is at 54, March is at 43; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:37 EDTGMCRRumor: Keurig Green Mountain moves up on renewed takeover chatter
Shares of Keurig Green Mountain (GMCR) are moving higher on speculation Coca-Cola (KO) may acquire the rest of the company.
January 22, 2015
10:03 EDTGMCROn the Fly: Analyst Downgrade Summary
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09:39 EDTGMCRKeurig Green Mountain downgraded to Neutral at Consumer Edge Research
January 20, 2015
09:40 EDTRAXFollow-up: Rackspace upgraded at CLSA
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09:38 EDTKOActive equity options trading
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09:17 EDTRAX, RAXRackspace upgraded to Buy from Outperform at CLSA
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January 15, 2015
10:37 EDTGMCRKraft 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.
January 14, 2015
09:54 EDTKOMcDonald's slips after Ackman says rumored investment 'unlikely'
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09:46 EDTKOAckman says 'unlikely' to invest in McDonald's, Bloomberg reports
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08:50 EDTKOMonster Beverage upgraded to Outperform at Cowen
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January 13, 2015
10:17 EDTHALOOptions with decreasing implied volatility
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10:16 EDTKOMonster Beverage rises as Stifel target hike outweighs Wells Fargo downgrade
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07:13 EDTKOMonster Beverage price target raised to $130 from $115 at Stifel
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January 12, 2015
16:58 EDTKOCoca-Cola shares look expensive, Barron's says
Coca-Cola shares look expensive, trading at over 21 times forward earnings, Barron's argues in a follow up article. Reference Link
10:34 EDTKOFood makers slip as Citi highlights headwinds with downgrades in space
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09:15 EDTHALOHalozyme sees FY15 revenue $85M-$95M, consensus $97.23M
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09:15 EDTHALOHalozyme anticipates expanding and accelerating PEGPH20 development efforts
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08:56 EDTWHRWhirlpool estimates raised following survey at Longbow
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