It's been a good week to be in the soda business.
While the debate over whether Pepsi or Coke taste better will probably go on forever, there's no denying the beverage companies have fairly healthy balance sheets.
PepsiCo and Coca-Cola both reported better-than-expected earnings this week, proving to investors that consumers still like their soda (or pop if you're from the Midwest) and snacks.
Shares of PepsiCo (PEP) rallied 5% to a new 52-week high Thursday after the maker of Pepsi, Fritos and Doritos (among other snacks and beverages) reported a 12% jump in earnings per share as sales rose more than 4%.
While its North American beverage business appears to have hit a speed bump, CEO Indra Nooyi remains confident the business is on track to meet expectations this year.
For an eyeblink look at PepsiCo's performance, check out this link http://www.pepsicoinfographicq1.com/
The company attributed some of the beverage volume decline to pricing decisions. Nooyi said the company will continue to explore "sensible opportunities" to boost value.
Meanwhile, Coca-Cola also beat earnings per share by a penny earlier this week, and said the restructuring of its U.S. bottling system was ahead of schedule.
Shares of Coca-Cola (KO) were down slightly Thursday, perhaps due to a Barron's report saying the stock was looking expensive. But shares hit a new 52-week high just yesterday.
Slow and steady wins the race. Take a look at the year-to-date chart and it's been a nice steady climb for both beverage makers.
StockTwits traders weren't rolling out the red carpet just yet, but most were cautiously optimistic.
It's true that PepsiCo's beverage business is still lagging rival Coca-Cola, but as I noted above CEO Indra Nooyi remains optimistic.
"Expect us to continue to play a responsible game in North American beverages to be competitive," she told analysts. "Across the beverage business, we are taking out costs to drive margin and improve returns."
Ooooh, ooooh, ooooh! That would be a trifecta!
Haha. I like the way you think ivanhoff. Verizon also beat EPS forecasts. And even though iPhone activations slipped from the fourth quarter, they were still up year-over-year.
And speaking of defense, let's not forget about Coca-Cola. Though it doesn't seem as though traders are quite as enamored with the brand.
I'm not sure I'm ready to agree. Sure, Barron's thinks Coca-Cola is too pricey, and at 19.4 times projected earnings, it is a little on the high side. But it's not astronomically high.
I have to agree that Europe and China are still turbulent headwinds so we may see some pullback.
Who doesn't want to be a billionaire? A new app, aptly named iBillionaire, won't turn you into one. But it makes it easier for you to invest like one.
iBillionaire, which launched Wednesday, tracks what Warren Buffett, Carl Icahn, Bill Ackman and other financial titans are buying and selling.
Using SEC filings, the data are fed automatically into the app, though the iBillionaire team has a data analyst on staff MORECatherine Tymkiw - Apr 10, 2013 11:23 AM ET
E*Trade shares sank Thursday after the online brokerage said one of its biggest investors would sell its stake.
Chicago based hedge fund Citadel plans to sell more than 27 million E*Trade shares in a sale set to occur next week.
That sent shares of E*Trade (ETFC) down 7.5% to $10.93 in afternoon trading.
The news that Citadel was selling its 9% stake in E*Trade signaled to investors that the brokerage will not be MOREBen Rooney - Mar 14, 2013 3:35 PM ET
J.C. Penney has few friends on Wall Street, but Thursday, the troubled retailer gained one more.
BTIG analyst William Frohnhoefer issued a "buy" rating, making him one of the few analysts to recommend purchasing J.C. Penney's stock.
Frohnhoefer also set a price target of $22 per share. That's more than 40% higher from where J.C. Penney's (JCP) stock is currently trading. Early Thursday, shares slid 1% to $15.53.
The call is a rare MOREBen Rooney - Mar 14, 2013 11:44 AM ET
It's been a rough week for Apple. And it's only Tuesday.
Apple (AAPL) shares slid 1.4% to $431.82 in afternoon trading.
The selling came after Jefferies analyst Peter Misek issued an unflattering report on Apple, adding to a string of negative research published on the company this week.
Misek cut his estimate for iPhone sales, lowered his price target to $420 a share and said there is a 25% chance Apple will miss MOREBen Rooney - Mar 12, 2013 1:25 PM ET
Shares of Gap Inc. jumped after the apparel company reported healthy sales growth in February.
Gap (GPS) stock was briefly halted after the numbers were inadvertently released ahead of schedule due to a "vendor error," according to a Gap spokesperson. Shares rose 3% after trading resumed.
The report was set to be released after the market closed, but a transcript of a pre-recorded conference call detailing the sales growth was accidentally MOREBen Rooney - Mar 7, 2013 2:31 PM ET
The great rotation in the technology sector continues.
Google (GOOG) shares are trading at record highs above $800, while Apple (AAPL) continues to plumb new lows.
Apple's fall from grace isn't directly related to Google's new-found darling status, but the trend is a significant turnabout.
Once the most valuable company on earth, Apple's stock has fallen 42%, dropping from an all-time trading high of $705 in September to a new 52-week low of $419 on MOREMar 5, 2013 12:48 PM ET
Home Depot's stock rallied Tuesday, after the home improvement retailer reported strong results, boosted its dividend and announced plans to buy back shares.
Shares of Home Depot (HD) gained 5.6% in afternoon trading.
The nation's leading do-it-yourself home improvement retailer said sales rose 14% in the fourth quarter to $18.2 billion. That helped Home Depot report net earnings of $1 billion, or 68 cents per share, for the quarter.
On top of that, MOREBen Rooney - Feb 26, 2013 2:25 PM ET
Google's stock hit an all-time high of more than $800 this week, and it may be headed even higher, according to the sharpies on Wall Street.
Google (GOOG) shares are on track to reach $1,000 at some point over the next 12 months, according to analysts at CLSA, a division of Credit Agricole. That's a hundred bucks higher than their previous target.
Bernstein Research analysts also hiked their price target to $1,000 MOREBen Rooney - Feb 21, 2013 12:53 PM ET
Individual investors continued to put money into the stock market last week, but the pace has slowed.
U.S. stock mutual funds, a popular investment vehicle for individuals, brought in just over $3.5 billion in the final week of January, according to the Investment Company Institute. That's about $30 million more than the week prior, when flows started to moderate.
Overall, investors have poured $10.3 billion into U.S. stock mutual funds in January.
That's MOREBen Rooney - Feb 7, 2013 10:53 AM ET
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