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Stock Market & Financial Investment News

News Breaks
March 18, 2014
12:11 EDTSODA, WHR, KO, DECK, PEP, DPSSodaStream advances after KitchenAid unveils new soda maker
Shares of SodaStream (SODA) are climbing after Whirlpool's (WHR) KitchenAid brand announced that it would sell an at-home soda maker developed in collaboration with the Israeli company. WHAT'S NEW: KitchenAid earlier today introduced the Sparkling Beverage Maker, which it developed in partnership with Israel-based SodaStream. Offering four carbonation settings, the product will go on sale in June at a suggested retail price of $249.99, the home appliance maker revealed. The device's "all-metal design and eye-catching aesthetics make it uniquely Kitchen Aid," said Beth Robinson, senior manager of brand experience for KitchenAid. WHAT'S NOTABLE: SodaStream and KitchenAid first announced that they were collaborating last June. At the time, the companies said that they expected to unveil a product in the fourth quarter of 2013. Last month, Coca-Cola (KO) and Green Mountain (GMCR) announced that they would jointly develop their own at-home cold drink maker. In the wake of that news, some speculated that SodaStream could partner with either Pepsi (PEP) or Dr. Pepper Snapple (DPS). On March 6, well-known hedge fund manager Whitney Tilson divulged that he had invested in SodaStream, and said the company reminded him of Uggs-maker Deckers Outdoor (DECK). Like Uggs, SodaStream's products are said by detractors to be a fad, but have a loyal following, according to Tilson. PRICE ACTION: In late morning trading, SodaStream climbed $1.45, or 3.65%, to $41.22, while Whirlpool added 1% to $146.43.
News For SODA;WHR;KO;DECK;PEP;DPS From The Last 14 Days
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July 22, 2014
07:37 EDTKOCoca-Cola reports Q2 comparable EPS 64c, consensus 63c
Reports Q2 revenue $12.57B, consensus $12.83B. Global unit case volume grew 3% in the quarter. Coca-Cola International volume grew 3% in the quarter while North America volume was even. Global price/mix increased 2% in the quarter.
07:35 EDTPEPPepsiCo July weekly volatility elevated into Q2 and outlook
PepsiCo July weekly call option implied volatility is at 31, August is at 15, October is at 13, January is at 12; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 23.
July 21, 2014
15:30 EDTKONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
13:59 EDTKOCoca-Cola technical notes ahead of earnings
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10:03 EDTDPSDr Pepper Snapple initiated with a Neutral at ISI Group (pre-open)
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06:47 EDTWHRWhirlpool seeking ban on class action lawsuits over Energy Star, NY Times says
Whirlpool is asking Congress to ban class action lawsuits related to Energy Star, a federal program that is supposed to identify products that are energy efficient, according to The New York Times. The company is threatening to withdraw from the program is such a bill isn't passed, the newspaper stated. Class action lawsuits were filed against Whirlpool and other companies after it was revealed that many products identified as energy efficient by the program did not deserve the designation, the newspaper stated. A member of Congress whose district includes several Whirlpool factories has introduced legislation that would prohibit class action lawsuits related to Energy Star if the EPA makes its own remedies for the oversights, The Times reported. Reference Link
July 18, 2014
11:39 EDTKOCoca-Cola downgraded to Hold from Buy at Societe Generale
09:12 EDTKOCoca-Cola July weekly volatility elevated into Q2 and outlook
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08:35 EDTSODASodaStream August volatility elevated into Q2 and outlook
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July 17, 2014
07:19 EDTSODASodaStream estimates lowered on weaker Q2 sales trends at KeyBanc
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06:19 EDTKOCoca-Cola to invest over $8.2B in Mexico over six years, WSJ reports
Coca-Cola Mexico President Francisco Crespo announced during a ceremony in Toluca, Mexico, that the company will invest over $8.2B in Mexico over the next six years along with its eight local bottlers, the Wall Street Journal reports. The investment comes despite a 12% tax Mexico has placed on full-calorie sodas, teas and juices. Reference Link
July 16, 2014
15:47 EDTPEPPeltz says there could be a PepsiCo proxy contest
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15:46 EDTPEPPeltz says still believes PepsiCo should be broken up
Nelson Peltz of Trian says his fund has met with about 100 top shareholders of PepsiCo to push for its proposed changes at the company. Peltz is speaking at the "Delivering Alpha" conference.
July 15, 2014
18:18 EDTKO, PEPPepsiCo escalates operations in Myanmar, Nikkei reports
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13:23 EDTWHRU.S. major home appliance shipments rose 11.3% in June, Bloomberg reports
The Association of Home Appliance Manufacturers reported that U.S. shipments of major home appliances rose 11.3% in June to 7.51M units, Bloomberg reports. Shipments of washers, dryers, dishwashers, refrigerators, freezers, ranges and ovens rose 7.9% to 4.4M units.
07:27 EDTDECKJefferies 'starting to kick tires again' on Deckers Outdoor
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07:15 EDTPEP, KOIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
July 11, 2014
07:26 EDTKOApple, Coke on board with Obama 'SupplierPay' initiative, WSJ says
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05:27 EDTWHRWhirlpool to acquire majority interest in Indesit for $15.06 per share
Whirlpool and Fineldo S.p.A. announce that they have entered into a binding agreement for the sale of Fineldo's stake in Indesit. Whirlpool also entered into binding share purchase agreements with members of the Merloni family for their Indesit shares. Under these agreements, Whirlpool would acquire shares representing a total of 66.8% of the voting stock of Indesit. Whirlpool currently intends to finance this transaction through cash on hand, together with private, domestic and international public debt financing. The acquisition of control of Indesit is subject to judicial and antitrust approvals and is expected to close by the end of 2014. In this transaction, Whirlpool simultaneously entered into share purchase agreements with Fineldo for a 42.7% stake in Indesit, certain members of the Merloni family for a 13.2% stake in Indesit, and Claudia Merloni for a 4.4% stake in Indesit. This total of 60.4% of Indesit stock capital represents a 66.8% voting stake in Indesit, in light of the treasury shares held by Indesit. The purchase price under all three Share Purchase Agreements is $15.06 per Indesit share, resulting in a total expected purchase price of $1.04B. Under the Fineldo Agreement, however, the purchase price is subject to a possible pre-closing downwards or upwards adjustment based on Indesit's consolidated average net debt and net working capital. The purchase price is based on Indesit's average net debt position for 2013. Either party's breach of its obligation to consummate the transaction or Fineldo's breach of its exclusivity obligations requires payment of at least $54.8M in liquidated damages.
05:22 EDTWHRWhirlpool to acquire majority interest in Indesit for $15.06 per share
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