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Stock Market & Financial Investment News

News Breaks
February 12, 2013
12:24 EDTLVLT, BCS, KORS, KO, VAL, AVPOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday as investors may be remaining on the sideline ahead of President Obama’s State of the Union address... ECONOMIC EVENTS: In the U.S., the economic calendar was fairly light for a second straight day. The Labor Department reported job openings fell by 173K in December to 3.62M from a more than four-year high set in the prior month. Also, the Group of Seven urged countries to refrain from competitive devaluations, stating it remained committed to "market-determined" exchange rates... COMPANY NEWS: Coca-Cola (KO) was the worst performing member of the Dow Jones Industrial Average, sliding nearly 3% after reporting earnings that just beat consensus on revenue that just missed analyst forecasts. The company said global unit case volume rose 3% during the quarter and that it expects economic volatility to extend through 2013... MAJOR MOVERS: Among the notable gainers were Avon Product (AVP), which rose over 19% and Michael Kors (KORS), which advanced 10% after their earnings reports. Also higher were shares of Barclays (BCS), which gained more than 8% after the company also reported quarterly results but additionally said it expects to reduce its headcount by at least 3,700 in 2013. Among the noteworthy losers were Level 3 (LVLT), down nearly 11%, and Valspar (VAL), down over 7% after their earnings reports... INDICES: Near noon, the Dow was up 37.58, or 0.27%, to 14,008.82; the Nasdaq was down 4.05, or 0.13%, to 3,187.95; and the S&P 500 was up 1.96, or 0.13%, to 1,518.97.
News For KO;BCS;AVP;KORS;LVLT;VAL From The Last 14 Days
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November 25, 2014
07:32 EDTVALValspar sees FY15 adjusted EPS $4.45-$4.65, consensus $4.76
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07:30 EDTVALValspar reports Q4 EPS $1.38, consensus $1.15
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06:14 EDTLVLTLevel 3 downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Level 3 to Neutral based on balanced risk/reward. Price target remains $51.
November 24, 2014
15:20 EDTVALNotable companies reporting before tomorrow's open
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10:37 EDTKORSKate Spade rises after handbag survey prompts Bank of America upgrade
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November 21, 2014
14:33 EDTKORSMichael Kors volatility at low end of historic range
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November 20, 2014
11:58 EDTKOKeurig Green Mountain sinks after Q1 outlook disappoints, CFO reports departure
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07:19 EDTKORSMichael Kors holiday catalog pricing up 11%, says Piper Jaffray
Piper Jaffray says its analysis shows the weighted average pricing for the Michael Kors Holiday catalog was $242, up 11% from last year. The firm adds the catalog contains new handbag silhouettes introductions including Dillon & Sutton. Piper continues to view Michael Kors as its top Holiday pick and keeps an Overweight rating on the name with a $98 price target.
November 19, 2014
18:11 EDTKOKeurig Green Mountain says 2.0 brewer introduced on time with retailer support
Says retailers aggressively ordered portion packs in Q4. Says brewer inventory levels "healthy" for upcoming holiday season. Says will run local, national TV ads during the holidays. Says Canadian business down for FY14. Says will offer 70 brands for brewers by March, 2015. Says on track to launch Keurig Cold in fall of 2015. Says working closely with Coca-Cola (KO) on cold brewing system. Says in FY15, expects growth in portion pack sales to accelerate as the year progresses. Says over 90% locked for coffee costs for FY15, but higher than FY14. Says coffee costs will be a headwind in 2Q15. Says expects some gross margin pressure in Q1. Says continues to expect long-term annual revenue, EPS growth in mid-teens. Comments from company's Q4 earnings conference call.
16:31 EDTAVPOn The Fly: Closing Wrap
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14:08 EDTKOEarnings Preview: Keurig Green Mountain sees FY14 EPS $3.71-$3.78
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08:15 EDTKOGreat Lakes Coca-Cola Distribution signs definitive agreement with Coca-Cola
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07:37 EDTBCSCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
17:09 EDTAVPAvon Products announces actions to reduce costs including headcount reductions
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16:00 EDTKOOptions Update; November 18, 2014
iPath S&P 500 VIX Short-Term Futures down 48c to 28.09. Option volume leaders: AAPL TSLA TWTR KO PBR GILD according to Track Data.
14:20 EDTKOCoca-Cola rumored to be in sights of 3G Capital, Forbes contributor reports
Investment firm 3G Capital is in advanced talks for a new fund targeted at the food and beverage industry, according to Veja magazine, reported a contributor to Forbes. The new fund could be used to acquire a significant stake in Coca-Cola or possibly even be used to orchestrate a takeover of the beverage giant, according to Veja columnist Geraldo Samor, the Forbes report said. Shares of Coca-Cola have moved into positive territory and are up 0.5% in afternoon trading following the circulation of the Forbes article. Reference Link
07:30 EDTKORSMorgan Stanley to hold a conference
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06:34 EDTBCSDraghi sees positive signs in euro zone, NY Times reports
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November 17, 2014
12:02 EDTLVLTSAP names new Chief Digital Officer, Chief Marketing Officer
SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.
07:12 EDTBCSBloomberg / Mayer Brown to co-host a conference
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