Posts by Kathy Cherpelis

  • 'No Diet Coke, Pepsi'

    Kathy Cherpelis at Yahoo Finance 1 day ago

    The old Saturday Night Live line--"No Coke, Pepsi"-- takes on a new meaning today.

    Data from trade publication Beverage Digest finds Pepsi (PEP) has superseded Diet Coke as the number two carbonated beverage in America.  But regular Coca-Cola (KO) still holds on to the number one spot.

    “It’s kind of astonishing what’s going on here. This is just a jockeying for position in a little ways.  But Coke, regular Coke—full sugar Coke—is still the top selling soft drink,“ says Yahoo Finance Columnist Rick Newman.

    Overall soda sales were down for the 10 th straight year in 2014 as consumers have become more health-conscious, according to Beverage Digest.

    Newman feels the soda pop space is looking a bit tired.

    “Something 20 years ago, if you predicted this, everyone would have said you’re crazy. Bottled water is the big market share play here and of course it’s not just plain vanilla water anymore, its coconut water and cucumber water. We’re trying really hard for innovation in this space,” Newman notes.

  • BlackBerry swings to profit; GameStop takes a hit; Yahoo rewards shareholders

    Kathy Cherpelis at Yahoo Finance 1 day ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    Blackberry (BBRY) shares are on the move in early trading. The Canadian smartphone maker swung to profit in the fourth quarter, topping analysts' estimates. But revenue fell short of forecasts. Sales fell more than 32% from a year earlier as it continues to struggle with sluggish sales of smartphones.

    GameStop (GME) shares are falling in the pre-market. The video-game retailer provided a weaker-than-expected outlook for the year after reporting earnings and revenue that missed forecasts in its holiday quarter as the stronger dollar and weak demand for older model consoles hurt sales.

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  • Apple to revamp music services: Report

    Kathy Cherpelis at Yahoo Finance 2 days ago

    Apple may be singing to a new beat. The tech giant is reportedly working with Beats Electronics to launch a new music streaming business. The New York Times reports that Apple (AAPL) is also reshaping its iPhone music app with the help of Beats Creative Officer and Nine Inch Nail frontman Trent Reznor.

    The industry was waiting for a major revamp of Apple’s digital music services for some time now…after all it bought Beats for a cool $3 billion last year.

    Yahoo Finance Senior Columnist Michael Santoli says Apple is finally making their music business a priority.

    “Apple feels like, whatever we’re spending a lot of time doing--if that’s streaming music--then they want to try to see if they can do it better or do at least, as well. And participate in that… and kind of bring people back into …or into the Apple ecosystem, as they like to call it," he notes. 

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  • Lululemon's sour outlook; Apple may hit a new beat; Five Below gets its cool back

    Kathy Cherpelis at Yahoo Finance 2 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today

    Lululemon (LULU) shares are falling in early trading. The yoga-gear retailer provided a weaker-than-expected outlook for its current quarter and the year.  But earnings and revenue for its holiday quarter beat forecasts as sales growth improved.

    Red Hat (RHT) shares are higher ahead of the open. The largest distributor of Linux software reporting earnings and revenue that topped analysts' forecasts in the fourth quarter. Sales rose nearly 16% from a year earlier thanks to strong demand for its open-source software and its cloud-based products. However, the company said the stronger dollar will impact revenue in the current quarter. And it also announced it will buy back $500 million worth of stock.

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  • Toys 'R' Us plans to add some extra fun to its stores

    Kathy Cherpelis at Yahoo Finance 3 days ago

    Toys “R” Us wants your kid's next play date to be in one of its stores.

    The privately-held toy chain plans to increase play space in stores in an effort to make its locations more engaging for children. The company says this move will reduce the need to compete with big discount retailers on price, such as Wal-Mart (WMT) and Amazon (AMZN).

    “It has to be something where kids want to go and play,” CEO Antonio Urcelay said at event on Tuesday, “We have to reinforce that we are a specialist.”

    Yahoo Finance’s Aaron Task thinks it’s a good idea,

    "As a parent, you would think, yeah, let's go to Toys “R” Us--  the kids can play, and we’ll get out of the house, it will be a different environment and hopefully they'll have fun," he says.  "Then I'm sure a lot of people do that they'll actually end up buying something, which would be good for Toys "R" Us,” Task says.

    Get the Latest Market Data and News with the Yahoo Finance App

  • Kraft soars on Heinz combo; Sonic delivers; Apollo falls

    Kathy Cherpelis at Yahoo Finance 3 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    Kraft Foods (KRFT) shares are surging in early trading as the company plans to merge with Heinz. The newly named Kraft Heinz Company will become the third-largest food and beverage company in North America. Kraft shareholders will receive a 49% stake and special cash dividends, while current Heinz shareholders will own a 51% stake in the company.

    Kofax (KFX) shares are soaring ahead of the open. The software developer is being bought by printer maker Lexmark in a deal valued at about $1 billion or $11 a share in cash. The deal is expected to help Lexmark (LXK) nearly double its enterprise software business.

    Get the Latest Market Data and News with the Yahoo Finance App

  • Icahn energizes Chesapeake; McCormick spices things up; Digital Ally soars

    Kathy Cherpelis at Yahoo Finance 4 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    Chesapeake Energy (CHK) shares are jumping before the bell. Activist investor Carl Icahn increased his stake in the shale gas producer to almost 11%, making him the second biggest shareholder in the company. Meantime, Chesapeake Energy announced further cuts to its capital spending budget for this year as it deals with lower oil and gas prices due to a supply glut.

    McCormick (MKC) shares are higher early trading. The spice maker posting earnings and revenue that topped analysts' forecasts. However, a stronger dollar took a toll on sales growth last quarter. 

    Get the Latest Market Data and News with the Yahoo Finance App

  • Monsanto weed-killer cancer risk; Gilead's drug warning; Tenet jumps on deals

    Kathy Cherpelis at Yahoo Finance 5 days ago

    Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.

    Monsanto (MON) shares are lower ahead of the open. A new reportby the World Health Organization says the company's weed-killer Roundup probably causes cancer. Monsanto strongly disagreed with the findings, saying its products are safe and meet regulatory standards.

    Gilead Sciences (GILD) shares falling. The company sent warnings to health providers after patients taking its hepatitis C medications developed problems when taking the drugs in combination with another type of heart treatment, according to Bloomberg.

    Get the Latest Market Data and News with the Yahoo Finance App

  • Johnnie Walker gets on the scale

    Kathy Cherpelis at Yahoo Finance 8 days ago

    Diageo (DEO) wants to give you the skinny on some of its most famous labels.

    The world’s biggest spirits maker is planning to list calorie counts on many of its products, including Johnnie Walker, Smirnoff vodka and Guinness. The new labels are expected to hit U.S. shelves in the next few months.

    Diageo is the first in the industry to provide a nutrition label on its alcoholic beverages, including calories, carbs, protein and fat content. 

    Yahoo Finance Senior Columnist Michael Santoli believes there’s no downside to having this information available.

    “It’s a gesture of transparency, [it] probably doesn’t hurt Diageo,” Santoli says. 

    Get the Latest Market Data and News with the Yahoo Finance App

    Although most alcoholic drinks have zero fat, the calories and carbs can add up. When you do the math, a 16 ounce pint of Guinness in the U.S. is about 140 calories, according to theIrish stout's website.

    Yahoo Finance Columnist Rick Newman prefers not to know how many calories are in his drink.

  • Nike sprints to new high; Tiffany gets tarnished; Darden does it again

    Kathy Cherpelis at Yahoo Finance 8 days ago

    Here’s a look at some of the stocks the Yahoo Finance Team will be tracking for you today.

    Nike (NKE) shares hitting a new high in early trading. The athletic gear maker reporting earnings that topped analysts' estimates as it continued to benefit from strong demand for its shoes and apparel. But revenue fell short of forecasts as the stronger dollar put pressure on sales during the holiday quarter and weighed on future orders.  

    Tiffany (TIF) shares are losing some of their sparkle ahead of the open. The high-end jewelry retailer posting earnings that matched Wall Street views but revenue slightly missed estimates. The stronger dollar and weaker-than-expected same-store sales growth took a toll on revenue during the holiday period. The company also provided a disappointing outlook for the year.

    Get the Latest Market Data and News with the Yahoo Finance App