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Stock Market & Financial Investment News

News Breaks
March 18, 2014
10:28 EDTSODA, WHRKitchenAid introduces SodaStream-powered sparkling drink maker
Whirlpool's (WHR) KitchenAid brand announced its entry into the home carbonation category with the introduction of the Sparkling Beverage Maker, a countertop soda maker developed in collaboration with SodaStream International (SODA). Available starting in June, it will carry a suggested retail price of $249.99.
News For SODA;WHR From The Last 14 Days
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July 24, 2014
13:42 EDTSODADeutsche Bank believes financing a PE buyout of SodaStream would be difficult
13:34 EDTSODASodaStream jumps after buyout report but Stifel analyst skeptical
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13:07 EDTSODASodaStream levels to watch
Stifel put out a note that called into question an earlier Bloomberg piece that speculated about the prospects for the company going private. Shares had spiked higher on that first report but have since come down off the peak of price set today at $36.53. At the current price of $33.48, next support is at $32.22. Resistance is at $34.38.
12:52 EDTSODASodaStream going private 'highly improbable to impossible,' says Stifel
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12:32 EDTSODAOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
11:47 EDTSODASodaStream in talks to go private for around $40 per share, Bloomberg says
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11:41 EDTSODASodaStream jumps 14% after Bloomberg says in talks to go private
Shares are now halted for volatility.
11:40 EDTSODASodaStream in talks to go private for around $40/share, Bloomberg reports
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July 23, 2014
10:34 EDTWHRWhirlpool expects 2H14 earnings to ramp-up
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09:55 EDTWHRWhirlpool sees FY14 free cash flow $600M-$650M
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09:17 EDTWHROn The Fly: Pre-market Movers
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09:08 EDTWHRWhirlpool should be bought on weakness, says Sterne Agee
After Whirlpool reported weaker than expected results, Sterne Agee thinks the stock remains undervalued.
06:15 EDTWHRWhirlpool lowers FY14 ongoing business EPS view to $11.50$12.00
The company had seen FY14 ongoing business EPS of $12.00-$12.50, consensus $12.16.
06:10 EDTWHRWhirlpool reports Q2 ongoing business EPS $2.44, consensus $2.91
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July 22, 2014
15:30 EDTWHRNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
14:03 EDTWHRWhirlpool technical comments before earnings
On a long-term technical basis the shares have a large bearish pattern on the weekly chart, a double top. The major initial downside objective for this pattern is at the $125 area. This is the base of the mid-portion of the familiar "M" shape of the double top. On negative news, it is possible that that area could be tested once again. A move below the $125 area would set the shares on a path to long-term bearish for price trend. On better news, the $147.50 area would be initial resistance. On an increasing scale of positive surprise, next upside objectives would be at $151.84 and $156.66.
July 21, 2014
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
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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July 15, 2014
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.
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