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Stock Market & Financial Investment News

News Breaks
August 15, 2014
16:38 EDTMNST, KO, JCP, DDS, ACHN, PCTYOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory despite some soft economic data points, including a weaker than expected report on manufacturing in the New York area and a lower than expected consumer confidence reading. The market short circuited following reports of a skirmish in the Ukraine where a Russian convoy was supposedly fired upon when it crossed the border. The averages quickly dropped and were only able to partially recover, as investors moved to the sidelines to avoid additional geopolitical risk over the weekend. ECONOMIC EVENTS: The NY Fed's Empire manufacturing survey had a reading of 14.69, versus expectations for a 20.0 reading. The Producer Price Index increased 0.1% overall, matching expectations. The core reading was up 0.2%, which was also in-line with the consensus forecast. Industrial production increased 0.4% in July, beating the consensus 0.2% growth forecast. That nudged up capacity utilization to 79.2%, versus 79.1% previously. The first University of Michigan consumer confidence reading for August fell 2.6 points to 79.2, versus expectations for it to have edged up to 82.0. Treasury international capital data showed foreigners dumped $153.5B in total U.S. assets in July after buying a revised $33.1B in June. COMPANY NEWS: Shares of Monster Beverage (MNST) surged $21.84, or 30.48%, to $93.49 after Coca-Cola (KO) bought a stake in the energy drink maker and the companies announced a long-term strategic partnership and asset swap. Coca-Cola will pay $2.15B for a 16.7% stake in Monster, the companies announced last night. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coke will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster, in trade for which Monster will transfer its non-energy business to Coke. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 81c, or 9.6%, to $9.25 after the company announced interim results from an ongoing Phase 2 proxy study of a potential chronic hepatitis C virus regimen that analysts at Piper Jaffray called "impressive." Also higher was Paylocity (PCTY), which advanced $2.17, or 9.79%, to $24.34 after reporting better than expected fourth quarter revenue and guiding to higher than expected sales in its first quarter. Among the noteworthy losers was retailer J.C. Penney (JCP), which fell 24c, or 2.46%, to $9.50 despite posting a narrower than expected loss for the second quarter. Also lower were shares of another department store owner, Dillard's (DDS), which dropped $9.49, or 8.21%, to $106.11 after reporting quarterly results that missed expectations. INDEXES: The Dow dropped 50.67, or 0.3%, to 16,662.91, the Nasdaq gained 11.92, or 0.27%, to 4,464.93, and the S&P 500 slipped 0.12, or 0.01%, to 1,955.06.
News For MNST;KO;JCP;DDS;ACHN;PCTY From The Last 14 Days
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October 21, 2014
12:57 EDTKOOn The Fly: Midday Wrap
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10:13 EDTKOCoca-Cola falls after earnings and guidance, levels to watch
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10:06 EDTKOCoca-Cola sees initiatves bringing company back to LT growth goals
Says doesn't see material improvement in unit case volume growth in 2015
09:51 EDTKOCoca-Cola sees 2015 as 'critical' year of transition
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09:15 EDTKOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Apple (AAPL), up 3%... Texas Instruments (TXN), up 2.3%... Harley Davidson (HOG), up 7%... Celanese (CE), up 4%... United Technologies (UTX), up 1.4%. ALSO HIGHER: Neonode (NEON), up 20% after signing technology development agreement with global tier-one printer OEM... Illumina (ILMN), up 10%, upgraded at Janney Capital following the company's better than expected Q3 earnings. DOWN AFTER EARNINGS: Coca-Cola (KO), down 5%... Chipotle (CMG), down 4.6%... Verizon (VZ), down 1%. ALSO LOWER: CEL-SCI (CVM), down 15.3% after announcing proposed offering of common stock, warrants... Omeros (OMER), down 12% after suspending Huntington's clinical trial with OMS824... Tesoro Logistics (TLLP), down 2.4% after 20M share secondary priced at $57.47... Rhino Resources (RNO), down 53%, downgraded to Underperform at Raymond James following the reduction in its quarterly cash dividend.
07:46 EDTKOCoca-Cola says revenue growth to be added as metric in incentive plans
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07:45 EDTKOCoca-Cola sees 2015 comp. currency neutral EPS growth similar to 2014
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07:44 EDTKOCoca-Cola expects macro environment to remain challenging through 2015
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07:43 EDTKOCoca-Cola says Q3 North America net revenues decreased 2%
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07:40 EDTKOCoca-Cola sees mid single digit headwind on profit before tax in 2015
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07:38 EDTKOCoca-Cola expanding productivity initiatives with $3B in ann. savings by 2019
07:38 EDTKOCoca-Cola says taking actions to reinvigorate growth
The company introduced the following initiatives to reinvigorate growth: Streamlining and simplifying its operating model to speed decision making and enhance local market focus. Expanding its current successful productivity program by targeting annualized savings of $3B per year by 2019. This productivity program will focus on four key areas: Restructuring the company’s global supply chain, including manufacturing in North America; Implementing zero-based budgeting across the organization; Streamlining and simplifying its operating model; and Driving increased discipline and efficiency in direct marketing investments. As a result of these productivity initiatives, the company expects to fund the marketing initiatives and innovation required to deliver sustainable net revenue growth. These savings will also support margin expansion and increased returns on invested capital over time. Refocusing on its core business model of building the world’s greatest beverage brands and leading an unmatched global system of strong local bottling partners. This will include refranchising the majority of company-owned North American bottling territories by the end of 2017 and a substantial portion of the remaining territories no later than 2020. Strategically targeting brand and growth investments that leverage its global strengths. This includes previously announced plans to improve the quantity and quality of marketing, as well as making future investments that will target markets and categories where brands remain underfunded relative to the opportunity. Focusing on driving revenue and profit growth across markets while providing local operations with a clear line of sight and aligned compensation targets. Beginning in 2015, revenue growth will be added as a metric in the company’s incentive plans. The company will adjust the relative importance of volume and price/mix in each market in order to drive the right behavior for each market type.
07:37 EDTKOCoca-Cola maintains long-term high single digit EPS growth target
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07:36 EDTKOCoca-Cola expects to be below long-term EPS growth target for 2014
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07:34 EDTKOCoca-Cola reports comparable Q3 EPS 53c, consensus 53c
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October 20, 2014
16:00 EDTKOOptions Update; October 20, 2014
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15:48 EDTKOCoca-Cola October weekly 43 straddle priced for 2.7% move into Q3
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15:36 EDTKONotable companies reporting before tomorrow's open
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08:07 EDTKOCoca-Cola Bottling to exchange franchise territory with Coca-Cola
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October 17, 2014
16:55 EDTJCPStocks end volatile week lower amid oil price plunge
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