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Stock Market & Financial Investment News

News Breaks
April 17, 2014
08:27 EDTPEPPepsiCo says sees low single digit commodity inflation in 2014
Says the world continues to be a "volatile and uncertain place," saw signs of this in Q1. Says well-positioned to deliver top-tier returns in the current violent environment. Says on track to achieve three-year $3B productivity program in 2014. Sees FY core tax rate of about 25%. Says foreign exchange picture in Venezuela "very dynamic." Says foreign exchange is expected to negatively impact net revenue and core EPS for FY14 by approximately 3% and 4%, respectively, based on current market consensus rates. Sees EMEA division facing "very difficult" operating profit comparisons. Says foreign exchange translation should have an approximate four-point unfavorable impact on Q2 revenue and an approximate five-point unfavorable impact on Q2 EPS based on current market consensus rates. Sees FY free cash flow over $7B, net CapEx $3B. Says share repurchase activity will occur throughout the year, but is expected to have a more pronounced impact in 2H14 and into 2015. Comments made on the Q1 earnings conference call.
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September 18, 2014
08:04 EDTPEPPepsiCo volatility flat, shares near record high
PepsiCo October call option implied volatility is at 13, January is at 11, and April is at 13; compared to its 26-week average of 14 according to Track Data, suggesting non-directional price movement.
06:29 EDTPEPPepsiCo said to hire DOJ's West as general counsel, WSJ reports
According to sources, PepsiCo is said to have hired Tony West as its general counsel, the Wall Street Journal reports. West left his position as an official at the Justice Department earlier this week. Reference Link
September 16, 2014
17:14 EDTPEPPepsiCo, Molson Coors still look inexpensive, Barron's says
PepsiCo (PEP) and Molson Coors (TAP) both look enticing and look ready to head higher, Barron's argues in its 'Barron's Take' column. Both companies look inexpensive, when you consider growth prospects and their reasonable valuations, the paper adds. Reference Link
09:59 EDTPEPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
September 15, 2014
16:16 EDTPEPPepsiCo initiated with an Outperform at Cowen
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