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Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:10 EDTSODA, PEP, DPSSodaStream in talks to sell stake to strategic buyer, Calcalist reports
Israel's SodaStream has held early stage discussions about selling a 10%-16% stake in itself to a strategic buyer, Hebrew language website Calcalist reported. The stake would be sold based on a company valuation of $1.1B, about 33% above the valuation at which the stock was trading yesterday at the market open, the website stated. SodaStream has held talks about the matter with PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX), the website stated. Reference Link
News For SODA;PEP;DPS From The Last 14 Days
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October 29, 2014
08:41 EDTSODASodaStream says acquisition rate of new users has dramatically slowed in U.S.
SodaStream said that the company outgrew its internal capacity and expanded its product range, resulting in operational complexity and erosion of its profit margins. The company invested in buying back distributor markets and in capacity expansion, but in the U.S. market its acquisition rate of new users has "dramatically" slowed down, though usage rates continue to be strong. SodaStream says outside the U.S. its continues to enjoy growth, though at lower rates than in previous years. SodaStream said it plans to establish a new global procurement unit to reduce costs and working capital and improve supply efficiencies and to consolidate operational structure for simplicity and efficiency and reduce headcount where appropriate. Comments from slides for the "SodaStream Growth Plan" presentation.
07:37 EDTSODASodaStream sees FY14 revenue to decrease 9%, consensus $547.26M
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07:36 EDTSODASodaStream reports Q3 EPS 45c, consensus 39c
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October 28, 2014
06:44 EDTSODASodaStream weekly volatility increases into Q3 and outlook
SodaStream October weekly call option implied volatility is at 159, November is at 88, December is at 69, April is at 52; compared to its 26-week average of 50 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
October 27, 2014
12:33 EDTSODASodaStream retraces nearly all of its Friday gains, levels to watch
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October 24, 2014
16:54 EDTSODA, PEPMarket ends week higher as Apple leads list of earnings winners
Stocks ended the week higher as stronger than expected economic data and upbeat results from a number of companies lifted shares. MACRO NEWS: In the U.S., existing home sales for September and leading economic indicators for the month beat expectations, while weekly jobless claims were roughly in-line with expectations. Markit's “flash” manufacturing Purchasing Managers' Index for October came in at 56.2, versus the consensus forecast for a 57.0 reading... China reported that its GDP rose 7.3% in Q3, above the 7.2% growth expected by economists. HSBC's flash PMI inched up to 50.4 from a final reading of 50.2 in September, beating the consensus forecast for a 50.3 reading. The Asian country said that its industrial production jumped 8% versus the year earlier, easily beating the anticipated 7.5% increase... A euro zone purchasing managers' index increased to 52.2 in October from 52 in September. Most analysts had expected the index to decline modestly. COMPANY NEWS: Apple (AAPL), Microsoft (MSFT), Harley-Davidson (HOG), Yahoo (YHOO), Caterpillar (CAT), diversified manufacturer 3M (MMM) and chip maker Broadcom (BRCM) were among the companies that reported higher than expected profits. Conversely, the bottom lines of IBM (IBM), McDonald's (MCD), Verizon (VZ), AT&T (T), and Angie's List (ANGI) missed expectations... Shares of Amazon (AMZN) fell after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its quarterly report, while a number of others cut their price targets on the shares... Boeing (BA) reported stronger than expected results and raised its full year core EPS guidance, but its stock fell as the airplane maker reduced its full year operating cash flow guidance... Pandora's (P) shares tumbled after the company's Q3 results beat expectations, but its total listener hours declined in Q3 versus Q2... Shares of drug maker Biogen Idec (BIIB) fell after the Q3 sales of its flagship multiple sclerosis treatment, Tecfidera, came in below expectations. Additionally, Biogen reported that one of the patients taking the drug had died after contracting a disease previously linked to MS treatments... BlackBerry (BBRY) rallied following renewed rumors that Chinese computer maker Lenovo (LNVGY) is looking to buy the smartphone maker... At home soda machine maker SodaStream (SODA) rallied after the company said that it would test making some of PepsiCo's (PEP) brands available on its machines. INDEXES: For the week, the Dow gained 2.58% to close at 16,805.41, the S&P 500 rose 4.12% to close at 1,964.58, and the Nasdaq advanced about 5.28% to close at 4,483.71.
16:20 EDTSODA, PEPOn The Fly: Closing Wrap
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12:49 EDTPEP, SODAOn The Fly: Midday Wrap
Stocks on Wall Street opened relatively quietly, with investors cautious given the way the market closed yesterday following the report a NYC doctor had the Ebola virus. As the morning progressed investors became more emboldened and pushed the market higher, leaving the major averages near their highs at midday. ECONOMIC EVENTS: In the U.S., a report on new home sales showed that they inched up 0.2% to a 467K rate in September, but August was revised much lower. COMPANY NEWS: Shares of Amazon (AMZN) fell 7.5% after the company reported weaker than expected results and provided lower than expected revenue guidance. At least two analysts downgraded the stock following its report, while a number of others cut their price targets on the shares... Procter & Gamble (PG) rose 3% after the company's Q1 core EPS matched estimates and it announced plans to exit the Duracell personal power business. P&G noted that while no decision has been made on the form of the exit, the company’s current preference is a split-off of the Duracell business into a stand-alone company. MAJOR MOVERS: Among the notable gainers was were Edwards Lifesciences (EW), which rose 11% following the company's "beat and raise" report. Also higher was SodaStream (SODA), which jumped 14% after confirming that it has entered into an agreement with PepsiCo (PEP) specifically focused on a small-scale, limited time test to make certain of PepsiCo’s brands available for use on the company’s at-home beverage system. Among the noteworthy losers was Pandora (P), which dropped 15% after reporting quarterly results that included a sequential drop in listener hours. Also lower was Abercrombie & Fitch (ANF), which fell 5.5% after Goldman Sachs downgraded the stock to a Sell rating in a note to investors. INDEXES: Near midday, the Dow was up 86.67, or 0.52%, to 16,764.57, the Nasdaq was up 16.36, or 0.37%, to 4,469.15, and the S&P 500 was up 8.86, or 0.45%, to 1,959.68.
11:55 EDTPEP, SODASodaStream up 18% after confirming 'small-scale' PepsiCo deal
11:54 EDTPEP, SODASodaStream confirms 'small-scale' PepsiCo agreement
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11:44 EDTPEP, SODASodaStream, PepsiCo tests 'very small scale,' CNBC's Dominic Chu says
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11:25 EDTSODA, PEPSodaStream said to test PepsiCo branded products, Bloomberg reports
Bloomberg cites industry newsletter Beverage Digest on SodaStream's (SODA) planned test of PepsiCo (PEP) products in Florida. PepsiCo is looking at various in-home platforms, Bloomberg cites Beverage Digest as having reported.
October 23, 2014
08:57 EDTSODASodaStream weekly volatility increases into Q3 and outlook
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08:06 EDTDPSDr Pepper Snapple now sees FY14 core EPS $3.56-$3.62, consensus $3.56
Previous core EPS view was $3.43-$3.51. The company now expects full-year reported net sales to be up approximately 1%. Packaging and ingredient costs, including LIFO impacts, are now expected to decrease COGS by 2.5% on a constant volume/mix basis. The company now expects its core tax rate to be approximately 35.0%. The company continues to expect capital spending to be approximately 3% of net sales. The company expects to repurchase $375M-$400M of its common stock.
08:05 EDTDPSDr Pepper Snapple reports Q3 core EPS 98c, consensus 88c
Reports Q3 revenue $1.58B, consensus $1.54B.
October 22, 2014
15:37 EDTDPSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
10:44 EDTPEPAnalysts divided on Coca-Cola after revenue miss, profit warning
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07:53 EDTPEPPressure on PepsiCo CEO may be lessened by Coca-Cola struggles, NY Post says
The position that PepsiCo (PEP) CEO Indra Nooyi supports of maintaining the tie-up of the company's snacks and beverages businesses was strengthened after rival Coca-Cola (KO) reported disappointing sales and lowered its outlook, which a "close industry observer" told The New York Post should take some of the Peltz pressure off Nooyi. Reference Link
October 21, 2014
10:50 EDTSODASodaStream long idea reiterated by Tilson at Robin Hood, Bloomberg reports
October 16, 2014
08:10 EDTPEPPepsiCo should divest Quaker Foods, says Jefferies
Jefferies believes PepsiCo should divest its Quaker Foods North America business since the unit has been a drag on organic sales and operating income growth. The firm views a possible divesture as a potential share catalyst since it thinks such a move would be well received by investors. It keeps a Buy rating on PepsiCo with a $103 price target.
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