New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2013
16:29 EDTKO, BCS, AVP, STEM, LVLT, CRKOn The Fly: Closing Wrap
Stocks on Wall Street were mixed ahead of President Obama's State of the Union address. The Nasdaq lost ground on the session, while the Dow closed above 14K, putting it back within shouting distance of its all-time high... 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... COMPANY NEWS: Coca-Cola (KO) was the Dow's laggard, losing $1.05, or 2.72%, to $37.56 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... Barclays (BCS) announced its Q4 results and said it would reduce its headcount by 3,700 employees in 2013. Shares gained $1.72, or 9.13%, to $20.55 following the news... MAJOR MOVERS: Among the notable gainers was Avon Product (AVP), up $3.51, or 20.31%, to $20.79 following Q4 earnings that beat consensus estimates. Also higher were shares of StemCells (STEM), up 35c, or 20.97%, to $1.99 after the company announced the first patient cohort completed its phase I/II clinical trial of neural stem cells for chronic spinal cord injury. Among the noteworthy losers were Level 3 (LVLT), down $3.35, or 13.58%, to $21.31 after its Q4 report, and Comstock Resources (CRK), down $1.12, or 7.89%, to $13.07 after the company reported Q4 results and restated its results from the first three quarters of FY12... INDICES: The Dow was up 47.46, or 0.34%, to 14,018.70; the Nasdaq was down 5.51, or 0.17%, to 3,186.49; and the S&P 500 was up 2.42, or 0.16%, to 1,519.43.
News For KO;BCS;AVP;STEM;LVLT;CRK From The Last 14 Days
Check below for free stories on KO;BCS;AVP;STEM;LVLT;CRK the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 29, 2014
16:18 EDTKOCoca-Cola Bottling forms pact with Coca-Cola to expand franchise territory
Coca-Cola Bottling Co. (COKE) announced it has signed a definitive agreement with The Coca-Cola Company (KO) to expand the bottler’s franchise territory to include the Knoxville, TN territory currently served by Coca-Cola Refreshments USA, a wholly-owned subsidiary of The Coca-Cola Company. This agreement represents the second phase of the proposed franchise territory expansion described in the previously-announced Letter of Intent between the company and The Coca-Cola Company. The company expects the transaction to close by the end of October. The company is continuing to work towards a definitive agreement with The Coca-Cola Company for the remainder of the proposed franchise territory expansion described in the previously-announced Letter of Intent, including Cleveland and Cookeville, TN and Louisville, Lexington, Paducah and Pikeville, KY and Evansville, IN. The definitive agreement and other agreements to be entered into at closing will provide the Company the exclusive rights to distribute brands owned by The Coca-Cola Company as well as certain other brands not owned by The Coca-Cola Company that are currently being distributed in the Knoxville territory by CCR. The transaction includes the purchase by the Company of distribution assets and certain working capital items from CCR relating to this territory and the purchase of exclusive rights to distribute certain non-Coca-Cola brands in this territory. The transaction also includes the grant by CCR to the Company of exclusive rights to distribute brands owned by The Coca-Cola Company in this territory under a comprehensive beverage agreement to be entered into at closing. Under such agreement, the Company will make a quarterly sub-bottling payment to CCR on a continuing basis after the closing for the grant of such exclusive rights. The Company will not acquire any production assets from CCR and will, with certain exceptions, purchase finished goods from CCR to service customers in this territory.
06:53 EDTBCSBarclays loans $275M to finance Detroit bankruptcy, WSJ says
Subscribe for More Information
August 28, 2014
06:35 EDTBCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
August 27, 2014
16:05 EDTKOKeurig Green Mountain expands board, appoints José Octavio Reyes Lagunes
Subscribe for More Information
09:53 EDTLVLTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:37 EDTLVLTLevel 3 upgraded to Outperform from Neutral at Macquarie
Subscribe for More Information
August 26, 2014
06:20 EDTKOCoca-Cola to introduce mid-calorie soda in Mexico, WSJ reports
Subscribe for More Information
August 20, 2014
17:14 EDTBCSBarclays settles Thornburg Mortgage lawsuit, WSJ says
Subscribe for More Information
August 18, 2014
13:12 EDTKOAnalysts mixed on Monster Beverage following Coke deal
Analysts had mixed outlooks on energy drink maker Monster Beverage (MNST) in notes to investors earlier today. The analyst comments come after last Thursday night’s announcement that Monster had formed a strategic partnership with Coca-Cola, which included Coca-Cola taking a 16.7% stake in the energy drink maker. BEARISH TAKE: Jefferies analyst Kevin Grundy downgraded Monster Beverage to Hold from Buy, saying that the stock's valuation "looks full" following its rally on Friday. The potential for a strategic deal is no longer a positive catalyst for Monster's stock, as that catalyst largely played out Friday, Grundy believes. Although Coca-Cola is likely to increase its stake in Monster, it will likely take years to do so, the analyst forecast. Additionally, the growth of the global energy drink space has been slowing in recent months, creating risk for Monster, the analyst believes. However, Grundy did raise his price target on the shares to $95 from $80. BULLISH TAKE: The deal is "a big win" for both Monster and Coca-Cola, but Monster will benefit more, analysts at Wells Fargo contended. The deal should significantly increase Monster's opportunity in international markets, according to the firm. Moreover, Wells believes that the market has historically undervalued Monster's international potential, and it estimates that the company's international business is worth about $65 per share. The firm raised its price target range on the stock to $104-$106 from $79-$81 and kept an Outperform rating on the shares. Like Wells Fargo, Credit Suisse expects the deal to accelerate the growth of Monster's international business. Additionally, the firm thinks that Monster could return a significant percentage of the $2.1B it received from Coca-Cola to shareholders, either through share repurchases or a one-time dividend. Credit Suisse increased its price target on Coca-Cola to $98 from $82 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Monster dropped 4% to $89.50. On Thursday the stock closed at $71.65.
07:41 EDTKOMonster Beverage price target raised to $104-$106 from $79-$81 at Wells Fargo
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use