Coca-Cola Shares Smacked with a Downgrade from Credit Suisse

Tags: KO
28 Aug 11:22pm
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Dow component Coca-Cola Co. (KO: sentiment, chart, options) was cut from "outperform" to "neutral" by a pair of Credit Suisse analysts this morning. In a note to clients, Carlos Laboy and Anthony Bucalo said that Coke's "broken North American model has now moved to the front burner." With the U.S. dollar moving off of its recent lows, and competitive heat rising from PepsiCo (PEP: sentiment, chart, options) , the analysts believe that Coca-Cola urgently needs...
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Toyota Motor Slashes Global Sales Target for 2009

Tags: TM
28 Aug 10:42pm
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In another sign of trouble from the struggling auto industry, Toyota Motor (TM: sentiment, chart, options) this morning slashed its global sales target for 2009 from 10.4 million vehicles to 9.7 million vehicles. The new forecast represents a 2% increase from projected 2008 sales figures. At a press conference, company president Katsuaki Watanabe chalked up the downwardly revised guidance to "the [current] economic environment and movements in crude oil and materials pric...
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Initial Jobless Claims Fall by 10,000

Tags: SPX
28 Aug 10:21pm
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In a report this morning, the Labor Department said that initial claims for unemployment insurance dropped to 425,000 last week, marking a decline of 10,000 and matching economists' forecasts. The level remains well above the 2007 average of 321,000, indicating a weak job market. The 4-week average of new claims fell 6,000 to 440,250. Meanwhile, the number of people continuing to receive unemployment benefits rose 64,000 to 3.423 million, the most since November 2003. The 4-week avera...
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Vimpel Communications Rallies on Second-Quarter Profits, iPhone Deal

Tags: VIP
28 Aug 9:53pm
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Russian firm Vimpel Communications (VIP: sentiment, chart, options) surprised investors with a double dose of good news this morning. First, the company noted that its second-quarter net profit gained 31%, boosted by strong usage growth in its core market. Next, VIP announced that it scored a deal with Apple (AAPL: sentiment, chart, options) to sell the iPhone 3G in Russia, making it the first telecoms operator in the country to ink such a deal. Digging...
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Second-Quarter Growth Revised Higher to 3.3%

Tags: SPX
28 Aug 9:49pm
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This morning, the Commerce Department reported that the U.S. economy grew at a 3.3% annual pace in the April-June quarter, marking the fastest pace since the third quarter of 2007. Additionally, this figure was almost double the preliminary estimate of 1.9% from last month. The upward revision is mostly attributable to increased sales of U.S. exports, which were bolstered by the weaker value of the U.S. dollar. Exports grew at a 13.2% pace during the quarter, exceeding the government's ini...
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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.

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