The Buzz
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Smooth as Velveeta. Kraft up 6%.
It was hard to find a major stock that was down on Friday. The Dow topped 15,000 and the S&P 500 surpassed 1,600 for the first time thanks to the better-than-expected jobs report.
But some stocks were rising for company specific reasons. Kraft (KRFT) was one of them. The king of macaroni and cheese -- although my hipster son prefers Annie's (BNNY) -- surged more than 6% to an all-time high MORE
Paul R. La Monica - May 3, 2013 12:36 PM ET -
Sell in May? Find something new to say
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Stop me if you've heard this before. Sell in May and go away. (I was tempted to just write those 6 words over and over again for the entire column. Like Jack Torrance in "The MORE
Paul R. La Monica - May 2, 2013 12:41 PM ET -
Boston Beer buzz kill: Shares down 11%
It's the morning after for America's biggest micro brewer.
Shares of the Boston Beer Company (SAM), maker of Samuel Adams and other craft beers, plunged nearly 11% Thursday.
The hangover comes a day after Boston Beer reported earnings that badly missed analysts' expectations.
Boston Beer earned 51 cents per share in the first three months of 2013, down almost 9% from a year earlier and well below the 62 cents a share expected MORE
Ben Rooney - May 2, 2013 12:19 PM ET -
Chesapeake sinks despite solid earnings
Paul R. La Monica - May 1, 2013 1:04 PM ET -
Apple prices record $17 billion bond sale
Apple sold $17 billion worth of bonds late Tuesday in the largest sale of corporate bonds ever.
The company offered both fixed and floating rate bonds, with maturities of of 3, 7, 10 and 30 years.
At $17 billion, the offering trumps Roche Holdings' $16.5 billion bond sale in 2009, according to data from Dealogic.
Apple saw strong demand for its bonds, which were rated Aa1 by Moody's and AA+ by Standard & MORE
Ben Rooney - Apr 30, 2013 11:24 AM ET -
Investors electrified by Tesla
Tesla is on a roll.
Shares of the electric car maker rallied to a new high Tuesday, just days before the company is set to report its first profit ever.
Tesla (TSLA) offered up a preview of that report earlier this month, saying sales of its all-electric Model S were exceeding expectations.
The Model S is a full-size, four-door luxury sports sedan. While it was unveiled in 2009, it wasn't available until last MORE
Catherine Tymkiw - Apr 30, 2013 11:12 AM ET -
J.C. Penney scores $1.75 billion loan from Goldman Sachs
Wall Street has been taking a second look at J.C. Penney in the weeks since controversial CEO Ron Johnson stepped down.
J.C. Penney said Monday that it secured a $1.75 billion loan from Goldman Sachs (GS). The announcement confirms reports late last week that that the retailer was nearing a financing deal with Goldman.
Shares of J.C. Penney (JCP) rose more than 4% Monday. The stock gained 9% last week as investors welcomed MORE
Ben Rooney - Apr 29, 2013 12:25 PM ET -
JPMorgan exec Bisignano departs
Another one of Jamie Dimon's key executives is leaving JPMorgan Chase, the firm announced Sunday.
Frank Bisignano, co-chief operating officer along with Matt Zames, is leaving the bank to run First Data Corp., a payments processing company owned by private equity firm KKR. Zames, who now appears to be the clear frontrunner to lead JPMorgan (JPM) when Dimon retires, will be the sole COO of the bank.
Related: What could cause the next MORE
Hibah Yousuf - Apr 28, 2013 4:15 PM ETPosted in: banks, ceo, coo, First Data Corp., Frank Bisignano, jamie dimon, JPMorgan Chase, London Whale, Matt Zames, Wall Street -
Redbox gets green light from investors
What a difference a month makes.
Redbox parent Coinstar (CSTR) was being dragged through the mud last month after it issued a much weaker-than-expected outlook for the first quarter.
But guess what? Redbox really came through. Coinstar reported earnings per share that trumped forecasts by a wide margin.
Revenue fell short of forecasts and Coinstar's operating margin declined,but Redbox gained market share and its revenue rose 1% as the company added new MORE
Catherine Tymkiw - Apr 26, 2013 11:39 AM ET -
The supermarket that's sending investors running
Safeway's (SWY) stock looks unsafe at any speed today. It's down more than 15% after the company reported quarterly results.
Supermarkets are notoriously challenging businesses. Take Whole Foods (WFM) out of the equation and nearly every grocery store struggles to generate healthy profit margins. Competition is tight within the industry, and then there's Wal-Mart (WMT). The big box retailer wants to eat every supermarket's lunch, dinner and breakfast.
Safeway's sales dipped during the latest quarter MORE
Maureen Farrell - Apr 25, 2013 2:38 PM ETPosted in: grocery store, investors, Safeway, stock, supermarket, Wal-Mart, Whole Foods, Whole Foods Market
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