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Stock Market & Financial Investment News

News Breaks
August 15, 2014
16:38 EDTPCTY, JCP, ACHN, KO, DDS, MNSTOn 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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December 16, 2014
15:53 EDTMNSTBrandon limited reports 12.5% stake in Monster Beverage
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09:59 EDTMNSTOn The Fly: Analyst Upgrade Summary
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09:31 EDTKOCoca-Cola names Julie Hamilton as Chief Customer & Commercial Leadership Officer
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08:12 EDTMNST, MNSTMonster Beverage upgraded to Buy from Outperform at CLSA
CLSA upgraded Monster (MNST) to Buy and raised estimates to reflect higher international growth forecasts from its partnership with Coca-Cola (KO). Price target raised to $130 from $110.
December 15, 2014
17:16 EDTKOCoca-Cola sees FY15 comparable currency neutral EPS growth similar to FY14
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16:27 EDTKOCoca-Cola sees 2015 net share repurchases of $2B-$3B
As previously indicated, the company does not expect comparable currency neutral EPS growth in 2015 to be significantly different from 2014. Longer term, the company intends to return to delivering against its stated growth targets. Based on current spot rates, existing hedge positions, and the cycling of 2014 rates, the company now expects a 5 to 6 point currency headwind on profit before tax in 2015. The underlying effective annual tax rate on operations in 2015 is currently expected to be 22.5%. In 2015, the company is targeting net share repurchases of $2B to $3B.
16:25 EDTKOCoca-Cola sees 9 point currency headwind on Q4 EPS
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16:20 EDTKOCoca-Cola sees FY14 comparable currency neutral EPS growth of 4%-5%
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16:00 EDTKOOptions Update; December 15, 2014
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13:52 EDTKOWintergreen says Coca-Cola CEO Muhtar Kent 'incapable' of leading turnaround
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13:06 EDTACHNAchillion December volatility elevated at 285
Achillion December call option implied volatility is at 285, January is at 231; compared to its 26-week average of 153 according to Track Data, suggesting large price movement.
09:38 EDTJCPActive equity options trading
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05:58 EDTACHNStocks with implied volatility above IV index mean; ACHN DG
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December 12, 2014
07:14 EDTPCTYPaylocity 4.6M share Secondary priced at $26.25
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December 10, 2014
10:00 EDTKOCoca-Cola to host conference call
Conference call to address financial and modeling-related questions will be held on December 15 at 4:30 pm. Webcast Link
December 8, 2014
17:02 EDTPCTYPaylocity files to sell 4M shares of common stock
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16:22 EDTKOCoca-Cola Bottling in pact with Coca-Cola to expand franchise territory
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11:49 EDTACHNAchillion December volatility elevated
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08:32 EDTACHNTrout Group to hold events at ASH 2014
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06:12 EDTACHNStocks with implied volatility above IV index mean; LULU ACHN
Stocks with implied volatility above IV index mean; lululemon (LULU) 53, Achillion (ACHN) 216 according to iVolatility.
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