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Stock Market & Financial Investment News

News Breaks
February 23, 2014
14:45 EDTKOCoca-Cola's Spanish bottler and its union in legal clash, WSJ says
Coca-Cola Iberian Partners, Coca-Cola's (KO) Spanish bottler, and its unions look as if they are headed to a legal dispute over the bottler's plan to close plants and cut jobs, says the Wall Street Journal. Coca-Cola Iberian Partners was formed by the merger of several bottlers a year ago, added the Wall Street Journal. Reference Link
News For KO From The Last 14 Days
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July 24, 2015
06:46 EDTKOVisa CEO: FIFA response to scandal 'wholly inadequate,' WSJ reports
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July 22, 2015
12:32 EDTKOOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
09:46 EDTKOCoca-Cola CEO says on track to hit milestones across all spending areas
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07:38 EDTKOCoca-Cola rises 1.4% to $41.80 after Q2 earnings top estimates
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07:37 EDTKOCoca-Cola CEO says 'work to do,' but confident right plans in place
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07:36 EDTKOCoca-Cola reports Q2 global volume growth of 2%
Coca-Cola said global sparkling beverage volume growth in the quarter was led by 1% growth in brand Coca-Cola, 6% growth in Coca-Cola Zero, 3% growth in Sprite and 2% growth in Fanta. Growth in these brands was partially offset by a 7% decline in Diet Coke. The company gained global value and volume share in sparkling beverages in the quarter. Global still beverage volume growth in the quarter reflects 7% growth in ready-to-drink tea, 8% growth in packaged water and double-digit growth in value-added dairy. Volume growth in these categories was partially offset by a 1% decline in juice and juice drinks attributable to price increases taken to cover higher input costs and continued industry softness in certain markets. The company gained global value and volume share in still beverages, juice and juice drinks, ready-to-drink tea and sports drinks in the quarter.
07:35 EDTKOCoca-Cola now targeting FY15 net share repurchases of $2B-$2.5B
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07:34 EDTKOCoca-Cola sees currency to be 7 point headwind to Q3 revenue
For Q3, Coca-Cola estimates that currency will be an approximate 7 point headwind on net revenues, a 13 point headwind on operating income and a 10 point headwind on income before taxes.
07:34 EDTKOCoca-Cola backs comparable currency neutral growth expectations
Coca-Cola estimates that the net impact of structural items on FY15 results will be a 1 point headwind on both net revenues and 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, its existing hedge positions, and the cycling of its prior year rates, Coke estimates that currency will be an approximate 6 point headwind on net revenues, an 11 point headwind on operating income, and a 7 to 8 point headwind on income before taxes for the full year.
07:32 EDTKOCoca-Cola reports Q2 comparable EPS 63c, consensus 60c
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July 21, 2015
15:22 EDTKOCoca-Cola technical comments ahead of results
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15:02 EDTKONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
12:25 EDTKOCoca-Cola July weekly volatility elevated into Q2 and outlook
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10:01 EDTKOOn The Fly: Analyst Initiation Summary
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July 20, 2015
16:45 EDTKOCoca-Cola initiated with a Buy at Sterne Agee CRT
Target $46.

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