UBS Raises Price target on Pepsi (PEP) Following 3Q EPS Beat
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Market Wrap: IMF Cuts FY15, FY16 Global Growth Outlook; Pepsi 'Pops' on Q3 Results; Yum! Q3 China Comps Miss
October 6, 2015 5:26 PM EDTMarket wrap for October 6th
End of the Day: S&P 500 down 7.1 to 1,979.92; Dow Jones up 13.8 to 16,790.19; Nasdaq down 32.9 to 4,748.36
Market Brief: U.S. markets mostly pared some gains following a several-session streak, led by weakness out of the healthcare sector.
The IMF cut its global growth outlook for 2015 and 2016 by about 0.2 percentage points apiece.
Adobe issued light FY16 guidance after markets closed, sending the stock lower.
Skyworks and PMC-Sierra announced a late-Monday merger deal.
AmerisourceBergen moved to acquire PharMEDium... More
Cowen Raises Price target on Pepsi (PEP) to $108 Following 3Q Earnings Call
October 6, 2015 2:14 PM EDTCowen reiterated an Outperform rating on Pepsico (NYSE: PEP), and raised the price target to $108.00 (from $103.00), following the company's 3Q15 earnings call. PEP's 3Q15 EPS call focused on productivity. In 3Q15, North America Beverages were up a robust 3%, reflecting the benefits of PEP's diversified... More
Pre-Open Stock Movers 10/06: (PMCS) (STRZA) (DD) Higher; (EXAS) (ILMN) (TCS) Lower (more...)
October 6, 2015 9:23 AM EDTPMC-Sierra, Inc. (NASDAQ: PMCS) 34% HIGHER; Skyworks Solutions, Inc. (NASDAQ:... More
Wall Street dips as third-quarter earnings season kicks off
October 6, 2015 7:40 AM EDTBy Noel Randewich
(Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.
A surge in DuPont's (NYSE: DD) stock helped keep the Dow Jones industrial average in positive territory but the S&P 500 and Nasdaq lost ground, with a sharp drop in biotech stocks.
The S&P health index lost 2.33 percent, the worst performer among the ten major S&P sectors. The sector has been under intense scrutiny over high drug... More
UPDATE: Pepsi (PEP) Tops Q3 EPS by 9c; Boosts FY15 FX-Neutral EPS Growth Outlook
October 6, 2015 6:30 AM EDT(Updated - October 6, 2015 6:35 AM EDT)
Pepsi (NYSE: PEP) reported Q3 EPS of $1.35, $0.09 better than the analyst estimate of $1.26. Revenue for the quarter came in at $16.3 billion versus the consensus estimate of $16.22 billion.
"We are pleased with our performance for the third quarter of 2015. Despite ongoing volatility in many of our key international markets, we delivered... More
Trading Radar for 10/6: Pepsi (PEP), Team (TISI), Novagold (NG) Report
October 5, 2015 2:42 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
