Schaeffer's Trading Floor Blog

Buzz Stocks: Ford Motor Company, Monster Beverage Corp, SUPERVALU INC., and Chiquita Brands International Inc

Today's stocks to watch in the news include F, MNST, SVU, and CQB

by 8/15/2014 8:52 AM
Stocks quoted in this article:

Futures are pointed solidly higher this morning, as investors look ahead to this morning's raft of economic reports, including industrial production and capacity utilization numbers at 9:15 a.m. ET. In company news, here are some stocks to watch today:

  • Ford Motor Company (NYSE:F) announced a recall of more than 83,000 vehicles due to the installation of a faulty clip in the axle. The defect can cause the halfshaft to disengage from the linkshaft, resulting in the loss of power to the wheels while driving. (CNBC)

  • The Coca-Cola Company (NYSE:KO) has paid $2.15 billion to take a 16.7% stake in Monster Beverage Corp (NASDAQ:MNST). The deal also allows KO to increase its holdings of the energy drink company, though in the next four years, it will not be able to expand its stake beyond 25% without MNST's approval. (The New York Times)

  • SUPERVALU INC. (NYSE:SVU) is reporting hackers may have stolen credit- and debit-card data from customers between June 22 and July 17. However, CEO Sam Duncan said there's no evidence that the information has been misused so far. (Bloomberg)

  • Chiquita Brands International Inc (NYSE:CQB) rejected a $13-per-share takeover bid from Cutrale Group and Safra Group, which we covered earlier this week. Instead, CQB will go ahead with its plans to buy Ireland-based rival Fyffes, allowing the former to execute a tax inversion. (USA Today)

  • Finally, Applied Materials, Inc. (NASDAQ:AMAT), J C Penney Company Inc (NYSE:JCP), and SINA Corp (NASDAQ:SINA) reported quarterly earnings. (Bloomberg; Dallas News; Re/code)

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.