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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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July 22, 2014
15:30 EDTWHRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
14:03 EDTWHRWhirlpool technical comments before earnings
On a long-term technical basis the shares have a large bearish pattern on the weekly chart, a double top. The major initial downside objective for this pattern is at the $125 area. This is the base of the mid-portion of the familiar "M" shape of the double top. On negative news, it is possible that that area could be tested once again. A move below the $125 area would set the shares on a path to long-term bearish for price trend. On better news, the $147.50 area would be initial resistance. On an increasing scale of positive surprise, next upside objectives would be at $151.84 and $156.66.
12:29 EDTKOOn The Fly: Midday Wrap
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10:34 EDTKOCoca-Cola says 2020 vision plans 'solid'
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10:24 EDTKOCoca-Cola says on target for productivity goals
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10:13 EDTKOCoca-Cola says five priorities are 'working'
Sees "falling in the corridor" of long-term growth targets. Says expects to be able to hold price, volume discipline in North America. Sees 2H margins "continuing in same way" as 1H. Sees "sound" financial results in 2H. Sees 2H leverage flat to slightly positive currency neutral.
09:55 EDTKOCoca-Cola sees FY capital investments of $2.5B
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09:36 EDTKOActive equity options trading on open
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09:08 EDTKOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Chipotle (CMG), up 10.7%... Crocs (CROX), up 5%... Lockheed Martin (LMT), up 1.4%. ALSO HIGHER: GreenHunter Resources (GRH), up 10.3% after announcing intent to form MLP... TG Therapeutics (TGTX), up 9.5% after reporting Q2 results, preclinical study results, price target on shares raised to $19 from $13 at Brean Capital... FuelCell (FCEL), up 5.4% after announcing German government support, EUR 4.9M in research awards... Apache (APA), up 5.2% after Bloomberg says activist investor JANA Partners disclosed $1B position in the stock. DOWN AFTER EARNINGS: Harley-Davidson (HOG), down 4.1%... Travelers (TRV), down 3.4%... McDonald's (MCD), down 2.3%... Coca-Cola (KO), down 2.5%. ALSO LOWER: Amazon.com (AMZN), down 1% following downgrade to Neutral rating at Citigroup.
09:04 EDTHALOHalozyme resumes enrollment and dosing of patients for PEGPH20 Phase 2 trial
Halozyme Therapeutics announced that it has resumed enrollment and dosing of patients in its ongoing Phase 2 trial evaluating PEGPH20 in patients with pancreatic cancer under the revised clinical protocol agreed to with the FDA in June. PEGPH20 is an investigational PEGylated form of Halozyme's proprietary recombinant human hyaluronidase under development for the systemic treatment of tumors that accumulate hyaluronan.
08:12 EDTKOCoca-Cola CEO says faced 'significant' currency headwinds in Q2
Says company's equity plan is a "good one" approved by board, shareholders. Says "respects" every one of its 2M shareholders and their opinions. Comments made on CNBC's "Squawk Box."
07:41 EDTKOCoca-Cola targets 2014 net share repurchases $2.5B-$3.0B
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07:39 EDTKOCoca-Cola sees structural items hurting second half EPS by 2c
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07:37 EDTKOCoca-Cola reports Q2 comparable EPS 64c, consensus 63c
Reports Q2 revenue $12.57B, consensus $12.83B. Global unit case volume grew 3% in the quarter. Coca-Cola International volume grew 3% in the quarter while North America volume was even. Global price/mix increased 2% in the quarter.
July 21, 2014
15:30 EDTKONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
13:59 EDTKOCoca-Cola technical notes ahead of earnings
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07:15 EDTRAXO'Reilly to hold a conference
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06:47 EDTWHRWhirlpool seeking ban on class action lawsuits over Energy Star, NY Times says
Whirlpool is asking Congress to ban class action lawsuits related to Energy Star, a federal program that is supposed to identify products that are energy efficient, according to The New York Times. The company is threatening to withdraw from the program is such a bill isn't passed, the newspaper stated. Class action lawsuits were filed against Whirlpool and other companies after it was revealed that many products identified as energy efficient by the program did not deserve the designation, the newspaper stated. A member of Congress whose district includes several Whirlpool factories has introduced legislation that would prohibit class action lawsuits related to Energy Star if the EPA makes its own remedies for the oversights, The Times reported. Reference Link
July 18, 2014
11:39 EDTKOCoca-Cola downgraded to Hold from Buy at Societe Generale
09:12 EDTKOCoca-Cola July weekly volatility elevated into Q2 and outlook
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