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Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves. Olipop had raised $55.4 million as of Jan. 2, at a reported valuation of $199.8 million, according to Pitchbook data. Consumers are also increasingly interested in "gut health," one of the latest wellness trends. Both Olipop and Poppi have leaned into influencer marketing on TikTok, where gut health became a trending topic last year. But Olipop's Goodwin is confident that consumers are willing to pay more for the drinks he formulates.
Morning Bid: Fresh spur from Meta and Europe's banks
  + stars: | 2023-04-27 | by ( ) www.reuters.com   time to read: +5 min
Perhaps even more surprising, Europe's big banks are wowing the gallery too - showing limited, if any, fallout from the failure of ailing Credit Suisse at the end of the quarter. And so the glass appears half full again despite background tensions around regional U.S. banks and as wider markets brace for several weeks of a U.S. debt ceiling standoff. With Amazon reporting later, its stock rose another 2% ahead of the bell too. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The dollar was marginally weaker, with crude oil prices struggling to recover from their latest lunge lower this week.
New York CNN —With Microsoft, Alphabet, Amazon and Meta Platforms all slated to report earnings this coming week, investors are turning their attention away from bank earnings to Big Tech. Another major theme for tech earnings is the race toward artificial intelligence. Earnings reports from Meta Platforms (META), Boeing (BA) and ServiceNow (NOW). Earnings reports from Amazon (AMZN), MasterCard (MA), T-Mobile (TMUS), Keurig Dr Pepper (KDP) and Capital One (COF). Earnings reports from Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive (CL) and New York Community Bancorp (NYCB).
Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
[1/2] Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022. Stock sales reached $4.97 billion in the United States last week, the highest tally since the second week in 2022, according to data provider Dealogic. Globally, stock sales reached $12.3 billion, the most in more than 30 weeks. "Equity markets have regained some momentum and volatility has decreased, driving animal spirits on the buy side," said Santiago Gilfond, co-head of Americas equity capital markets at Credit Suisse Group AG (CSGN.S). A busy week for initial public offerings in early February offered some hope to stock market hopefuls, but advisors remain cautious as stocks sold off in recent weeks.
Final Trades: Keurig Dr Pepper, Cisco & more
  + stars: | 2023-03-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Keurig Dr Pepper, Cisco & moreThe "Halftime Report" traders give their top picks to watch for the second half.
Morning Bid: Blue chips cheered up
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +5 min
[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.
But the Oracle of Omaha has missed out on this year’s stock market rally. Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market. “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Investors will get several more clues about consumer spending this week when several top retailers report earnings.
Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.
Dry January is almost upon us, and people around the world are gearing up for a booze-free month. The non-alcoholic beverage market is booming, with sales up 7% to become a $11 billion market in 2022. Here are some of our favorite booze-free options to enjoy all month long, and beyond. In addition to containing zero alcohol, it also has zero calories, zero carbohydrates, and zero gluten, making it a health-conscious option as well. The fizzy beverage has become a fan favorite on social media, with several TikTok posts dedicated to the drink.
And recently, Dr Pepper has been gaining ground on its competitors, even as the overall soda market goes flat. “One of the bright spots … has been Dr Pepper.”Founded in 1885 in Waco, Texas, Dr Pepper was the first in a wave of 19th-century upstart soda companies. Courtesy Keurig Dr PepperToday, Dr Pepper advertises itself as a treat, using a pint-sized mascot called Lil’ Sweet in its commercials. After Dr Pepper established itself as an alternative to mainstream colas, it launched on a path that ultimately made it part of the country’s third-largest soft drink maker, Keurig Dr Pepper. Dr Pepper hits the sceneDuring the wave of mega-mergers in the 1980s, Coca-Cola tried to scoop up Dr Pepper.
Dr Pepper drew scorn for its handling of a college tuition giveaway during halftime of the SEC championship game. "Well, you all saw the unprecedented double tie of the Dr Pepper halftime tuition giveaway," Dell said. "We 've just been told by Dr Pepper that they're going to award both finalists $100,000. Congratulations, ladies, and great job by Dr Pepper there." Keurig Dr Pepper, the brand's parent company, has held the contest since 2008 and given away a total of $13 million in college tuition.
Keurig Dr Pepper CEO quits after code of conduct violation
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: 1 min
Nov 10 (Reuters) - Keurig Dr Pepper Inc (KDP.O) said on Thursday Chief Executive Ozan Dokmecioglu has resigned from his role on account of violations of the soda maker's code of conduct. The company said it has reappointed former CEO Bob Gamgort who is currently the executive chairman. Dokmecioglu, who had succeeded Gamgort in April, agreed to resign due to violations that were not related to strategy, operations or financial reporting. Prior to becoming the CEO, Dokmecioglu was the finance chief at Keurig. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Keurig Dr Pepper didn’t disclose details of the violations by Ozan Dokmecioglu but said they were unrelated to the company’s strategy, operations or financial reporting. Keurig Dr Pepper Inc. said Ozan Dokmecioglu , who took the helm of the beverage maker at the end of July, has resigned as president, chief executive and a board member over violations of the company’s code of conduct. The Burlington, Mass., company said Bob Gamgort , who has been serving as executive chairman since handing the reins to Mr. Dokmecioglu, has reassumed the CEO post.
Keurig Dr Pepper CEO resigns after code of conduct violation
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +1 min
Nov 10 (Reuters) - Keurig Dr Pepper Inc (KDP.O) said on Thursday Chief Executive Ozan Dokmecioglu has resigned from his role on account of violations of the soda maker's code of conduct. The company said it has reappointed former CEO Bob Gamgort, who is currently the executive chairman. Keurig did not offer any comment beyond the statement when Reuters reached out to seek more details on the violations. Prior to taking the top role at Keurig, Dokmecioglu was its finance chief. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Arun Koyyur and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Keurig Dr Pepper announced Thursday that CEO Ozan Dokmecioglu agreed to resign after violating the company's code of conduct, less than four months into the job. Keurig Dr Pepper's board reappointed Bob Gamgort, chairman and former CEO, as chief executive. Keurig Dr Pepper's stock has risen 3% this year, increasing its market value to $54.4 billion. Prior to becoming CEO, Dokmecioglu served as chief financial officer for the company, helping Keurig Green Mountain go private in 2016 and with its merger with Dr Pepper Snapple in 2018. Its subsidiary Maple Holdings still holds a 33% stake in Keurig Dr Pepper.
The investment gives Keurig a minority position in the beverage startup, which controls over half of the $328.6 million nonalcoholic-beer market. He quit his position at Point72 Asset Management in 2017 and cofounded Athletic Brewing a year later with the head brewer John Walker. Athletic Brewing now controls 45% of the non-alcoholic craft beer market. Athletic Brewing said it distinguishes itself from big beer brewers by being the only brewery in the country dedicated solely to nonalcoholic craft beer. The restaurateur Danny Meyer and Chang serve Athletic Brewing in Eleven Madison Park, Gramercy Tavern, The Modern, and Momofuku Ko.
UBS downgrades Caterpillar to neutral from buy UBS said in its downgrade of Caterpillar that it sees a more "balanced risk/reward." Morgan Stanley upgrades Pure Storage to overweight from equal weight Morgan Stanley said in its upgrade of the data flash storage company that it sees "share gains and growing value proposition." Morgan Stanley reiterates Southwest as a top pick Morgan Stanley says it has "solid confidence" in shares of Southwest. Morgan Stanley reiterates Charles Schwab as a top pick Morgan Stanley says it's standing by the stock despite shares underperforming. Oppenheimer reiterates Uber as outperform Oppenheimer says Uber shares have a "compelling value proposition" ahead of earnings on Tuesday.
Petrobras (PBR) – The Brazilian state-run oil company's shares slid 8.5% in premarket trading after Luiz Inácio Lula da Silva defeated Jair Bolsonaro in the Brazilian presidential election. Hanesbrands (HBI) – The apparel maker received a double-downgrade at Wells Fargo Securities, which cut the stock's rating to "underweight" from "overweight." Wells Fargo is concerned about the company's debt position, as well as business headwinds that it feels are largely out of management's control. Wells Fargo said the original downgrade came amid concerns about cord-cutting and the rising cost of sports rights, and that the situation has worsened since then. Keurig Dr Pepper (KDP) – The beverage maker's stock fell 1.8% in premarket trading after Truist Securities downgraded it to "sell" from "neutral."
Morning Bid: Meta averse, ECB decides and CS slides
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Meta added a deep pothole to an already bumpy U.S. earnings season - another obstacle to a market pumped-up by bets of some central bank relief on the horizon as G7 economies slow. read moreWith Apple (AAPL.O) and Amazon reporting later on Thursday, sentiment toward tech giants remains on edge. But after two-week, trough-to-peak bounce of almost 10%, global stock indices (.MIWD00000PUS) struggled to make much headway for the second session on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
McDonald's — The fast-food giant's shares got a 2.8% lift after the company beat earnings expectations for its most recent quarter. Align Technology — The Invisalign maker saw its shares tumble 18% after it posted disappointing earnings for the most recent quarter. Credit Suisse — Shares of the Swiss bank plummeted 19.5% after Credit Suisse posted a greater-than-expected loss for the third quarter. ServiceNow — The stock jumped 13% after ServiceNow surpassed earnings expectations in its most recent quarter. Comcast — The media giant's stock rose 4.8% after topping analysts' earnings expectations for the third quarter.
Keurig Dr Pepper Poaches Vista Outdoor Finance Chief
  + stars: | 2022-10-24 | by ( Colin Kellaher | ) www.wsj.com   time to read: +1 min
Keurig Dr Pepper Inc. on Monday said it named Sudhanshu Priyadarshi chief financial officer, effective Nov. 14, plucking the executive from Vista Outdoor Inc.Keurig’s previous finance chief, Ozan Dokmecioglu, earlier the year succeeded Bob Gamgort as chief executive, and the Burlington, Mass., beverage company had said it was looking to recruit a new chief financial officer. Vista said Mr. Priyadarshi, who joined the Anoka, Minn., maker of sporting and outdoor products as chief financial officer in April 2020, will continue to fulfill his duties until his departure, including the release of the company’s fiscal second-quarter results. Vista said it has launched a formal search for a successor to Mr. Priyadarshi, adding that Andrew Keegan, currently vice president of finance and treasury, will serve as interim finance chief. Keurig said Mr. Priyadarshi, 45 years old, will receive an annual base salary of $850,000 and will be eligible for an annual bonus with a target of 80% of his base pay. Write to Colin Kellaher at Colin.Kellaher@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.
Keurig Dr Pepper Inc. hired a new executive to lead its finances after it promoted its former chief financial officer to the role of chief executive. In his new role, Mr. Priyadarshi will oversee Keurig Dr Pepper’s finance and information technology divisions. Keurig Dr Pepper is scheduled to report quarterly results on Thursday. Keurig Dr Pepper has said that acquisitions are a top priority for capital allocation. Keurig Dr Pepper Monday said Mr. Priyadarshi wasn’t available for an interview and declined to comment beyond its release.
Amazon has said warehouse workers can take breaks for activities like using the bathroom, talking to coworkers and managers, and grabbing snacks. A worker on an Amazon warehouse floor can be tasked with packing hundreds of boxes an hour. A worker on an Amazon warehouse floor can be tasked with packing hundreds of boxes an hour. But the Amazon Labor Union, a new union led by current and former Amazon workers, said its Staten Island victory had energized other workers. "There's one Amazon facility that's being built right behind the Victorville facility as we speak," he said.
The stock market has whipsawed investors over the past two weeks, making even a sharp two-day rally feel fragile. The list below shows stocks in the broad S & P 1500 index that are less volatile than the market. The names have also risen in 2022 and have a long-term track record of consistent success, outperforming the market on a total return basis over the last decade. Several of the low beta stocks on the list come from traditionally defensive sectors. The consumer staples stock has delivered a total return of roughly 21% over the past decade, well above the market average of 12%.
Total: 25