|February 7, 2014|
|17:09 EDT||NWSA, YUM, MSFT, DDD, FOXA, GMCR, TWTR, DIS, KO||Averages close week with modest gains|
Stocks on Wall Street finished the week with modest gains, paring back considering losses suffered in the week's first trading session. Despite a much-anticipated U.S. jobs number that missed expectations, investors were constructive on equities amid a torrent of corporate earnings reports. MACRO NEWS: The week's marquee economic data point, the U.S. employment report for January, showed that the U.S. economy added 113,000 non-farm jobs in the month. Analysts had been expecting the economy to add 180,000 jobs. To start the week, U.S. ISM Manufacturing data reported Monday came in well below expectations. COMPANY NEWS: Microsoft (MSFT) announced the head of its cloud and enterprise group, Satya Nadella, would replace outgoing CEO Steve Ballmer. The tech giant also announced that Bill Gates would take a new, more active role as the board's technology adviser... Coca-Cola (KO) and Green Mountain Coffee Roasters (GMCR) announced a 10-year strategic collaboration agreement to develop Green Mountain's forthcoming at-home cold drinks maker, Keurig Cold. As part of the agreement, Coke took a 10% equity stake in the K-cup maker for $1.25B, and shares of Green Mountain gained more than 33% for the week... Automakers reported U.S. January sales on Monday of this week, with Ford (F) reporting sales than fell 7% and General Motors (GM) reporting sales that fell 12%... Among notable gainers following their reports were KFC, Pizza Hut, and Taco Bell owner Yum! Brands (YUM), Dow member and media giant Disney (DIS), as well as both 21st Century Fox (FOXA) and News Corp. (NWSA), which were formerly bundled under the News Corp. umbrella. Among the notable decliners following their quarterly report were microblogging site Twitter (TWTR), which fell more than 24% after its first quarterly report as a public company. 3D Systems (DDD) also saw its shares decline sharply after its quarterly report, with the 3-D printer manufacturer finishing the week down about 15%. INDEXES: The Dow was up 0.6% to close at 15,794.08, the S&P 500 was up 0.8% to close at 1,797.02, and the Nasdaq was up 0.5% to close at 4,125.86.
News For MSFT;KO;GMCR;YUM;DIS;FOXA;NWSA;TWTR;DDD From The Last 14 Days
|May 15, 2015|
|15:26 EDT||MSFT||BlackBerry calls active amid rumor of Microsoft investigation of potential bid|
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|15:00 EDT||MSFT||BlackBerry rises amid rumor of Microsoft investigation of potential bid|
Shares of BlackBerry (BBRY) are higher in afternoon trading after Ben Harrington's Betaville blog said Microsoft (MSFT) is said to have requested Deutsche Bank (DB) and Goldman Sachs (GS) examine whether the company should acquire the mobile device maker. His source said Microsoft has not yet approached Blackberry and is still in the "very early stages" of looking into making a potential deal, Harrington added. BlackBerry is up 1.7% to $10.50 following the blog post. Reference Link
|13:01 EDT||GMCR||On The Fly: Top stock stories at midday|
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|12:13 EDT||YUM||Third Point gives quarterly update on stakes |
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
|12:07 EDT||YUM||Third Point reports new stakes in Yum! Brands, FedEx, McKesson |
|11:47 EDT||KO, GMCR||Analysts mixed on Keurig after cold drink maker unveiling|
Several research firms disagreed on the outlook for Keurig Green Mountain's (GMCR) upcoming at-home cold beverage maker, Keurig KOLD, after the company unveiled the product yesterday. SunTrust and Bernstein expressed major reservations about the product, while Susquehanna was more upbeat about the device and said the shares had reached a good entry point for investors. WHAT'S NEW: Keurig's management seemed to take a cautious view on the outlook for the device's sales, Bernstein analyst Ali Dibadj wrote. Additionally, the device and its pods "seemed a bit pricey" and large. However, the analyst, noting that the company hopes to eventually cut the price of the product to $200 from $300, called a potential $200 price point "more palatable for consumers." Furthermore, Dibadj says he has a hard time "fully understanding" the company's assertion that the device solves several problems. SunTrust analyst William Chappell, Jr. was impressed by the device's technology, but said he was concerned by the product's initial price and the investments that Keurig will have to make to launch the product. He kept a Neutral rating on the shares. BULLISH OUTLOOK:, Susquehanna analyst Pablo Zuanic said that most of the information on Kold was disappointing. The analyst said that he was disappointed by the device's high price and the fact that it will take a minute to make each drink. However, noting that SodaStream's (SODA) cold drink makers have penetrated 1.5% of U.S. households, the analyst says it is "not out of the question" that Kold can reach 3% household penetration in the U.S. by fiscal 2017-2018. If Kold does attain that milestone, Green Mountain's profits would double, the analyst stated. Zuanic remained upbeat on the company's long-term outlook and says that the stock is not currently reflecting any value for Kold. He believes that the stock has reached a good entry point, and kept a $140 price target and Positive rating on the shares. WHAT'S NOTABLE: Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. PRICE ACTION: In late morning trading, Keurig Green Mountain dropped 8.3% to $94.50, while SodaStream gained 2.5% to $22.25.
|11:08 EDT||FOXA||Omega Advisors gives quarterly update on stakes |
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
|10:08 EDT||GMCR||Keurig Green Mountain May volatility up following Kold machine presentation |
Keurig Green Mountain May weekly call option implied volatility is at 43, June is at 33; compared to its 90-day average of 35, suggesting large near term price movement following its Kold machine presentation.
|10:01 EDT||YUM||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
|10:00 EDT||GMCR||Keurig Green Mountain trades sharply lower, levels to watch|
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|09:37 EDT||TWTR||Active equity options trading on open|
Active equity options trading on open: AAPL TWTR TSLA NFLX FB
|09:31 EDT||DDD||American Thoracic Society to hold a conference|
ATS 2015 Conference is being held in Denver on May 15-20.
|09:11 EDT||DDD, GMCR||On The Fly: Pre-market Movers |
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
|08:48 EDT||KO, GMCR||Keurig Green Mountain Keurig Cold price points worrisome, says SunTrust |
After attending Keurig Green Mountain's (GMCR) Keurig Kold launch event, SunTrust says it was impressed by the device's technology but concerned about its initial price points and near-term investments needed to launch the product. The firm keeps a Neutral rating on the stock. Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. SodaStream (SODA) develops and markets at-home cold beverage makers. :
|08:40 EDT||GMCR||Keurig Green Mountain weakness provides buying entry point, says Susquehanna|
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|08:33 EDT||DDD||3D Systems announces mutual separation agreement with CFO Hull, Styka to succeed|
3D Systems announced that it entered into a mutual separation agreement with Ted Hull, its Chief CFO, effective as of the end of the day on May 15, pursuant to which Hull will leave the company in order to meet company needs and to pursue his personal interests. The company further announced that David Styka, the company's current Chief Accounting Officer, has been named executive vice president and CFO effective as of Hull's departure.
|08:16 EDT||MSFT||Microsoft EPS, revenue growth poised to accelerate, says Bernstein|
Bernstein expects Microsoft's EPS growth to reaccelerate through fiscal 2017, and it predicts that the company's revenue growth will accelerate, driven by a shift to sub-based licensing, new cloud offerings, and higher enterprise sales. Bernstein keeps a $56 price target and Outperform rating on the shares.
|08:05 EDT||GMCR, KO||Bernstein has reservations about Keurig Green Mountain's Keurig Kold|
After attending Keurig Green Mountain's (GMCR) Keurig Kold launch event, Bernstein says that it has a hard time understanding the device's value proposition and sensed some caution from the company about how quickly the device's penetration will rise and be accretive to earnings. The firm says the device and pods seem a bit expensive, while the brewer and pods are large. The firm believes that the taste of the product's Diet Coke drink was off, although regular Coke and others were good. Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. SodaStream (SODA) develops and markets at-home cold beverage makers.
|06:47 EDT||YUM||Yum! Brands upgraded to Overweight from Neutral at JPMorgan|
JPMorgan upgraded Yum! Brands to Overweight saying it believes a spin-off of China and levering up of the franchise business has moved from a "possibility" to a "probability." After attending the Yum China investor conference, the firm thinks the company is now welcome to ideas that can drive short and long term shareholder value. It raised its price target for the stock to $108 from $83.
|06:03 EDT||MSFT||Stocks with implied volatility below IV index mean; MSFT GE|
Stocks with implied volatility below IV index mean; Microsoft (MSFT) 17, General Electric (GE) 15 according to iVolatility.