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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:55 EDTKKD, SBUX, GMCR, THIKrispy Kreme tumbles after profits miss, August comps decelerate
Shares of doughnut and coffee retailer Krispy Kreme (KKD) are sinking after the company reported lower than expected second quarter profits. WHAT'S NEW: Krispy Kreme's earnings per share came in slightly below analysts' consensus estimates, but its revenue beat analysts' expectations. The company's same-store sales jumped 10% versus the same period in 2012. Krispy Kreme said that its results were negatively affected by the planned remodeling of a number of its stores in the second quarter. Meanwhile, a number of discounts that the company implemented during the second quarter of 2012 hurt its comparative sales data last quarter, Krispy Kreme stated. This month, Krispy Kreme's sales were up about 5% during the first week of the month versus the same period in 2012, up about 12% in the second week,and unchanged during the third week, the doughnut maker stated. PRICE ACTON: In early afternoon trading, Krispy Kreme sank $3.30, or 14%, to $19.95. OTHERS TO WATCH: Other companies that sell doughnuts and/or coffee include Dunkin Brands (DNKN), Starbucks (SBUX), Keurig brewer maker Green Mountain (GMCR), and Canadian retail chain Tim Hortons (THI).
News For KKD;SBUX;GMCR;THI From The Last 14 Days
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August 25, 2014
16:13 EDTTHIOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
12:35 EDTTHIBurger King, Tim Hortons deal likely complete in next day or two, CNBC reports
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12:19 EDTTHIOn The Fly: Midday Wrap
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11:30 EDTTHITim Hortons price target raised to $90 from $75 at KeyBanc
10:25 EDTTHIBurger King, Tim Hortons climb higher after confirming deal talks
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10:07 EDTTHITim Hortons could be worth as much as $85 shares in a merger, says Raymond James
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09:11 EDTTHIOn The Fly: Pre-market Movers
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08:36 EDTTHITim Hortons business would be boosted by Burger King deal, says KeyBanc
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07:06 EDTGMCRKeurig Green Mountain reports release of Keurig 2.0 hot beverage brewing system
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06:47 EDTTHITim Hortons volatility expected to move on confirming talks with Burger King
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06:24 EDTKKDKrispy Kreme comps decelerating but due to new store ramps, says Longbow
Longbow's contacts indicate Krispy Kreme's Q2 same-store sales comps were up 1%-1.5% vs. Q1's 3.5%-4.5% range. The firm said the deceleration is due to new franchised store builds which should result in top and bottom line growth in the coming years. Shares are Buy rated with a $26 price target.
06:05 EDTGMCRStocks with implied volatility movement; GMCR TLM
Stocks with implied volatility movement; Keurig Green Mountain (GMCR) 34, Talisman Energy (TLM) 47 according to iVolatility.
05:11 EDTTHITim Hortons, Burger King confirm talks regarding potential strategic transaction
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August 24, 2014
20:05 EDTTHIBurger King seeks Tim Hortons acquisition in tax inversion deal, WSJ says
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August 22, 2014
16:20 EDTGMCROn The Fly: Closing Wrap
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12:57 EDTGMCRKeurig Green Mountain surges after inking deal with Kraft
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12:20 EDTGMCROn The Fly: Midday Wrap
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10:43 EDTGMCRKeurig Green Mountain volatility low, shares up on Kraft licensing agreement
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09:01 EDTGMCRKeurig Green Mountain, Kraft Foods announce licensing agreement
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August 19, 2014
09:01 EDTGMCRKeurig Green Mountain estimates raised at SunTrust
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