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July 21, 2014
13:59 EDTKOCoca-Cola technical notes ahead of earnings
The shares have performed inline with broader averages over the last three months, with a sharper move higher from June 16th forward providing the bulk of gains. The relative calm in share price conceals something more important technically which is readily apparent when looking at a very long term chart. The shares at a price of $42.40 are very close to the all time intraday high at $44.47 that took place nearly 16 years ago to date. On positive news and guidance, there is a prospect that the old lifetime high could be exceeded which would put the shares on to a new bullish path. A move above $45 and to a typical options strike price at $47.50 thereafter would be possible. Breakouts that have come after such a long period of advance and consolidation tend to have legs. Equally possible however on a weak report is that this life high area could become a failed breakout. Next supports below as potential downside objectives would be at $41.33, $40.15, and then at $38.40. A move to the latter level would completely and bearishly fill the bullish gap in price from mid-April of this year.
News For KO From The Last 14 Days
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June 26, 2015
16:00 EDTKOOptions Update; June 26, 2015
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June 25, 2015
19:34 EDTKOAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
07:39 EDTKOMonster Beverage legacy international sales can at least triple, says Stifel
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June 22, 2015
17:29 EDTKOCoca-Cola reports 16.7% stake in Monster Beverage
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