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Stock Market & Financial Investment News

News Breaks
April 16, 2014
10:49 EDTSODA, GMCR, PEP, DPS, SBUX, KOSodaStream rallies following report of talks to sell stake to American company
Shares of Israel's SodaStream (SODA) are surging after an Israeli website reported that the company was in talks to sell a stake to a major American company. Meanwhile, Keurig Green Mountain (GMCR) - which is developing a product that will compete with SodaStream's at-home soda makers - is falling slightly, despite the up market. WHAT'S NEW: SodaStream has held early stage discussions about selling a 10%-16% stake in itself to a strategic buyer, according to Hebrew language business website Calcalist. SodaStream is talking about selling the shares based on a company valuation of $52 per share, the website stated, adding that SodaStream has had discussions about the matter with PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). The company holding discussions about buying SodaStream is interested in receiving options that would enable it to raise its stake in the company in the future, said Calcalist. WHAT'S NOTABLE: Keurig Green Mountain (GMCR) announced in February that it was partnering with Coca-Cola (KO) to develop its own at-home cold drinks maker, which will compete with SodaStream's products. Coca-Cola took a 10% stake in Keurig Green Mountain and has the option to increase its stake in the future. ANALYST REACTION: In a note to investors earlier today, research firm Stifel called Calcalist's report "unsubstantiated and unlikely." In the past the website reported falsely that PepsiCo was going to purchase SodaStream, noted Stifel analyst Jim Duffy. Additionally, Duffy continues to believe that SodaStream would not be a good partner for a major American company, partly because SodaStream's profit margins aren't high enough and because its profits would not move the needle for a large partner. He kept a Sell rating on SodaStream. PRICE ACTION: In mid-morning trading, SodaStream jumped 8.6% to $40.93 and Keurig Green Mountain shares lost 0.67% to $96.74.
News For SODA;GMCR;PEP;DPS;SBUX;KO From The Last 14 Days
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September 19, 2014
17:22 EDTGMCRJudge denies JBR motion blocking sales of Keurig 2.0 brewer, Bloomberg reports
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16:31 EDTPEPPepsiCo elects David Page to board of directors
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16:13 EDTGMCRJudge denies JBR motion blocking sales of Keurig 2.0 brewer, Bloomberg reports
06:08 EDTGMCRKeurig Green Mountain implied volatility of 29 at lower end of index mean range
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September 18, 2014
08:59 EDTSODAOn The Fly: Pre-market Movers
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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.
07:34 EDTSODASodaStream rumored as target for SABMiller, Diageo, Independent says
Rumors haver circulated among U.K. traders that soda machine maker SodaStream (SODA) could be targeted for a takeover by beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), according to The Independent. Reference Link
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 17, 2014
16:00 EDTKOOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
06:53 EDTKOWhite House says companies taking steps to reduce HFCs emissions
The Obama Administration yesterday announced new private sector commitments and executive actions to reduce emissions of hydroflourocarbons, or HFCs, powerful greenhouse gases that contribute to climate change, the Shite House stated. Coca-Cola (KO) has set a goal for 100 percent of its newly purchased cold drink equipment to be HFC-free, .while DuPont (DD),, announced that its new products are anticipated to reduce greenhouse gas content of refrigerants by some 90M tons carbon dioxide equivalent in the U.S., and 245M tons worldwide by 2025, the White House noted. Honeywell (HON) plans to transition the majority of its high-GWP HFC production to new low-GWP production, while Johnson Controls (JCI) committed to using the lowest GWP option for each application that best fits the needs of its customers from the standpoint of safety, efficiency, reliability, availability, and economy, according to the White House Johnson Controls also commits to spend $50M over the next three years to develop new products and improve and expand its existing low-GWP portfolio.
06:06 EDTKOWal-Mart to pay $66,000 to settle false advertising investigation with NY AG
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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
13:52 EDTKOWal-Mart finalizes Coca-Cola ad agreement in New York, Bloomberg says
New York attorney general Eric Schneiderman said that Wal-Mart (WMT) charged New York customers more for Coca-Cola (KO) products than stated in national circulars, going against inaccurate advertising regulations, according to Bloomberg, citing a statement from Schneiderman. The retailer will pay a $66K penalty to settle the matter. Reference Link
13:19 EDTSBUXMcDonald's Canada to offer coffee in grocery stores, Reuters says
McDonald's (MCD) is poised to start offering its McCafe ground coffee throughout Canadian grocery stores this month in an effort to gain more customers in a country whose java market has been lead by competitors such as Tim Hortons (THI) and Starbucks (SBUX), according to Reuters, citing comments from McDonald's Canada CEO John Betts. Reference Link
10:00 EDTSODASodaStream trades higher on talks to sell report, levels to watch
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09:59 EDTPEP, DPS, KOOn 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.
09:25 EDTSODAOn The Fly: Pre-market Movers
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09:15 EDTSODASodaStream volatility expected to move on talks to sell itself report
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07:49 EDTKOBofA/Merrill to hold a conference
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07:38 EDTSODASodaStream in talks to sell itself to British fund, TheMarker says
SodaStream is in talks to sell itself to a "British investment fund" for $840M, or $40 per share, according to Israel's TheMarker, citing "capital market" sources. Shares of SodaStream trading in New York are up nearly 4% early in pre-market trading following the Hebrew-language report. Reference Link
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