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Stock Market & Financial Investment News

News Breaks
April 16, 2014
10:49 EDTSBUX, GMCR, DPS, SODA, KO, PEPSodaStream 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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July 1, 2015
13:40 EDTPEPPepsiCo volatility increases into Q2 and outlook
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10:00 EDTSBUXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Underperform from Outperform at Exane BNP Paribas... Baxter (BAX) downgraded to Neutral from Outperform at Credit Suisse... Carter's (CRI) downgraded to Buy from Conviction Buy at Goldman... Fiat Chrysler (FCAU) downgraded to Neutral from Outperform at Exane BNP Paribas... H&E Equipment (HEES) downgraded to Sector Weight from Overweight at KeyBanc... L'Oreal (LRLCY) downgraded to Sell from Neutral at Citi... Marchex (MCHX) downgraded to Equal Weight from Overweight at Stephens... NASDAQ (NDAQ) downgraded to Market Perform from Outperform at Keefe Bruyette... Starbucks (SBUX) downgraded to Buy from Conviction Buy at Goldman... Towers Watson (TW) downgraded to Hold from Buy at Deutsche Bank... Tuesday Morning (TUES) downgraded to Accumulate from Buy at Johnson Rice... United Rentals (URI) downgraded to Sector Weight from Overweight at KeyBanc.
06:12 EDTSBUXStarbucks downgraded to Buy from Conviction Buy at Goldman
Goldman removed Starbucks from the Conviction Buy List and maintained its Buy rating and $57 price target based on relative valuation versus the group.
June 26, 2015
16:00 EDTKOOptions Update; June 26, 2015
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07:51 EDTPEPPepsiCo volatility at 15 into Q2 and outlook
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June 25, 2015
19:34 EDTKOAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
09:19 EDTGMCRKeurig Green Mountain price target lowered to $95 from $117 at BofA/Merrill
BofA/Merrill lowered Neutral rated Keurig Green Mountain's price target to $95 from $117 and lowered estimates to reflect 2016 spending and slower hot platform growth. The firm expects 2016 to be a significant investment year and lowered its hot brewer expectations due to a muted consumer reception for second generation brewers.
07:39 EDTKOMonster Beverage legacy international sales can at least triple, says Stifel
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06:58 EDTSBUXPiper reiterates Starbucks as top pick, raises price target
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June 24, 2015
09:35 EDTSBUXActive equity options trading on open
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09:01 EDTSBUXAerohive names Starbucks CIO Curt Garner to board of directors
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June 23, 2015
07:46 EDTSBUXPiper Jaffray to hold a field trip
Seattle Field Trip travels throughout Seattle visiting with Costco, Starbucks and Amazon on June 23-24.
06:00 EDTGMCRKeurig Green Mountain implied volatility of 25 at lower end of index mean range
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June 22, 2015
17:29 EDTKOCoca-Cola reports 16.7% stake in Monster Beverage
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06:04 EDTSBUXStarbucks commits additional $30M as part of Global Farmer Fund program
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