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Stock Market & Financial Investment News

News Breaks
January 19, 2013
13:40 EDTDPS, PEP, KOAnalysts wonder if downturn in U.S. soda sales permanent, WSJ says
Including the holiday season, U.S. retail soda sales declined in 2H12, with the pace of the decline worsening later in the year, says the Wall Street Journal. Reference Link
News For KO;PEP;DPS From The Last 14 Days
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April 23, 2015
08:12 EDTDPSDr Pepper Snapple reports Q1 EPS 81c, consensus 76c
Reports Q1 revenue $1.45B, consensus $1.42B. For the quarter, reported net sales increased 4%, as a sales volume increase of 2% and favorable segment and product mix were partially offset by 1 percentage point of unfavorable foreign currency translation. Reported segment operating profit increased 7%, or $23 million, on net sales growth, ongoing productivity improvements and a planned reduction in marketing investments. On a currency neutral basis, SOP increased 10%.
07:46 EDTPEPPepsiCo says foreign exchange translation and transaction headwinds persist
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07:05 EDTPEPPepsiCo sees FY15 organic revenue growth in mid-single digits
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07:03 EDTPEPPepsiCo backs FY15 core EPS growth of 7%, consensus $4.65
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07:02 EDTPEPPepsiCo reports Q1 core EPS 83c, consensus 79c
Reports Q1 revenue $12.22B, consensus $12.18B. Reports Q1 organic revenue up 4.4%.
06:57 EDTKOCoca-Cola laying groundwork for rebound, says Bernstein
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April 22, 2015
15:50 EDTDPS, PEPNotable companies reporting before tomorrow's open
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14:00 EDTKOCoca-Cola buys Chinese health beverage maker, WantChinaTimes says
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12:31 EDTKOOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after having been on a bit of a see-saw during morning trading. The averages opened in positive territory, soon turned negative, then back into positive ground following the release of a better than expected existing home sales report. The housing data was followed by a lift in the averages, which remained in positive ground near noon. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of McDonald's (MCD) advanced 2% after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. Also rising after its quarterly report was another globally recognized brand, Coca-Cola (KO), whose shares gained 1% after its comparable earnings per share topped the consensus estimate. A third member of the Dow, Boeing (BA), slid over 2.5% after its earnings beat expectations but its revenue fell short of the consensus forecast... Visa (V) rose 5% and MasterCard (MA) advanced over 4% after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. MAJOR MOVERS: Among the notable gainers was Angie's List (ANGI), which jumped 12% after the company reported it was profitable in the first quarter and announced an exclusive relationship that will see carpet manufacturer Shaw Industries give the company's members exclusive product offers. Also higher was ASML (ASML), which gained 11% after announcing that it has signed an agreement with one of its "major U.S. customers" to deliver a minimum of 15 ASML EUV, or Extreme Ultraviolet, lithography systems. Afterward, Summit Research said it thinks the most likely buyer is Intel (INTC), which the firm believes does not want to be left behind if TSMC (TSM) puts EUV to use in 10nm processing. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped 19% after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower following their earnings reports were ADTRAN (ADTN), which fell over 9%, Cree (CREE), which slid 9%, and Chipotle Mexican Grill (CMG), which declined 6%. INDEXES: Near midday, the Dow was up 28.69, or 0.16%, to 17,978.28, the Nasdaq was up 6.66, or 0.13%, to 5,020.77, and the S&P 500 was up 5.24, or 0.25%, to 2,102.53.
09:38 EDTKOCoca-Cola says Monster transaction now expected to close mid to late Q2
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09:36 EDTKOCoca-Cola says productivity efforts on track across all spend areas
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09:22 EDTKOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
08:16 EDTKOCoca-Cola announces letteres of intent with U.S. bottling partners
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07:37 EDTKOCoca-Cola up 1.8% to $41.50 in pre-market following Q1 report
07:36 EDTKOCoca-Cola CEO still sees 2015 as 'transition year'
Muhtar Kent, Chairman and CEO of The Coca-Cola Company said, "We are pleased with our solid progress on the implementation and execution of our global strategic initiatives. Though we are still in the early stages, we see some initial positive indicators that we have the right strategies in place to accelerate growth. However, we continue to view 2015 as a transition year as the benefits from the announced initiatives will take time to fully materialize amidst an uncertain and volatile macroeconomic environment. We remain committed to leveraging our superior brand portfolio together with our unparalleled global distribution system to continue creating long-term shareowner value."
07:35 EDTKOCoca-Cola reports Q1 unit case volume up 1%
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07:34 EDTKOCoca-Cola targeting FY15 net share repurchases of $2B-$3B
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07:34 EDTKOCoca-Cola sees 7 point headwind to revenue in Q2 from currency
For Q2, Coca-Cola estimates that currency will be an approximate 7 point headwind on net revenues, a 10 point headwind on operating income and a 5 to 6 point headwind on income before taxes.
07:33 EDTKOCoca-Cola maintains underlying FY15 currency neutral growth expectations
Coca-Cola expects full-year comparable currency neutral EPS growth to be mid single digits, roughly in line with its growth rate in 2014. FY15 EPS consensus $1.98. The company estimates that the net impact of structural items on FY15 results will be a slight headwind on net revenue growth, and it has no material changes to its prior guidance on income before taxes. The company expects fluctuations in foreign currency exchange rates to have an unfavorable impact on its reported results in 2015. Based on current spot rates, existing hedge positions, and the cycling of prior year rates, the company estimates that currency will be an approximate 6 point headwind on net revenues, a 10 point headwind on operating income, and a 7 point headwind on income before taxes for the full year.
07:31 EDTKOCoca-Cola reports Q1 comparable EPS 48c, consensus 42c
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