Monster Beverage Corp. (Nasdaq: MNST) stock jumped more than 32% this morning (Friday) after the company announced that The Coca-Cola Co. (NYSE: KO) had acquired a 17% stake in the energy beverage company as part of a new long-term partnership.
News of the deal sent MNST stock as high as $94.93 on Friday, its highest price since 2006.
Monster Beverage Corp. (Nasdaq: MNST) stock jumped more than 32% this morning (Friday) after the company announced that The Coca-Cola Co. (NYSE: KO) had acquired a 17% stake in the energy beverage company as part of a new long-term partnership.
News of the deal sent MNST stock as high as $94.93 on Friday, its highest price since 2006.
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Coca-Cola (NYSE: KO) has watched sales of its signature beverage slip for a decade and now sales of Diet Coke were down 6.8% in 2013.
Instead of focusing on other brands or expanding its product portfolio, Coke plans to throw billions of dollars behind these slipping beverages. Investors have to be worried by this approach as Coke throws money at a decade-long trend.
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Best stocks to buy for the week ending Dec. 13, 2013: With many investors taking a guarded stance ahead of the Dec. 17-18 Federal Open Market Committee meeting, both the Dow Jones Industrial Average and S&P 500 Index slipped 1.7% last week, logging a second weekly decline.
It was the benchmarks' first back-to-back weekly loss in more than two months. The Nasdaq also dipped, ending the week with a 1.5% loss.
However, 2013 has been good to investors overall. Stocks are up some 24.5% year to date, and deals on Wall Street are getting harder to find. Indeed, only 48 stocks in the broad-based S&P are recently in the red, according to Bespoke Investments.
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Pepsi or Coke?
How many times have we been offered that choice at a restaurant? But deciding on a beverage with a meal is merely a matter of taste.
When viewing PepsiCo Inc. (NYSE: PEP) and Coca-Cola (NYSE: KO) as investments, we must take far more into consideration. And the winner of this "Pepsi Challenge" may surprise you.
After all, Coca-Cola is one of the 30 stocks in the Dow Jones Industrial Average. Certainly it's the better stock, no?
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The stock markets have been going up so far and for so long that many analysts predict a correction is in store. The S&P 500 hit a record high today (Wednesday) to trade above its record high hit last week, and the Dow Jones Industrial Average hit record highs Monday and Friday.
While the Twitter IPO dominated headlines last week, we aren't fans of the stock. There are much better places to put your money to profit from these record market highs, as we've detailed below.
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Third-quarter earnings season has picked up, with a number of companies posting earnings today before the opening bell and two tech giants set to report after the close.
When Q3 earnings kicked off a week ago, analysts estimated third-quarter earnings would come in 6.5% higher than the same quarter a year ago.
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This classic beverage company is using its status as the most recognized brand in the world to deliver new products to its thirsty customers. But that's not why we're so bullish about KO.
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