Buffett won't take out Coke, SolarCity Soaring, AT&T eyeing Amazon exclusive
Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo Finance ticker searches:
Coke (KO): The world's largest beverage company initially popping on speculation the company was going private. Activist David Winters of Wintergreen Advisors told Fox Business that Berkshire Hathaway (BRK-B), Coke's largest shareholder was thinking of buying the 91% of the company it doesn't already own. Only a few problems. First, Coke's market cap is $180 billion making it 8x as large as Berkshire's Heinz purchase. Second, Berkshire isn't known for getting involved in activist situations, which works against Winter's turnaround theory. Finally Winters forgot to ask Buffett himself. CNBC's Becky Quick is lucky enough to be one of the chosen few to have Buffett on her speed dial. Becky called the Oracle himself and Warren told her "there's absolutely no chance" of Berkshire making a run for the whole company. Buffett is a cagey old gambler, but no one lies to Becky Quick.
SolarCity (SCTY): The few parts of the world Warren Buffett doesn't own are the property of Elon Musk, a fact we've been reminded of this week. First Tesla (TSLA) rallied 10% yesterday and today it's Musk's SolarCity picking up that same amount this morning. The solar electrical systems maker that touts Musk as its chairman is surging over 10% on news it acquired solar cell maker Silevo. SolarCity is looking to control its equipment supply, a move some are calling unusual for a systems maker. In blog post penned by Musk and the other two co-founders, they wrote "Without decisive action to lay the groundwork today, the massive volume of affordable, high efficiency panels needed for unsubsidized solar power to outcompete fossil fuel grid power simply will not be there when it is needed.” After 10 seconds of dead silence, an exasperated Musk shook his head slowly and muttered "just be happy I'm not an evil genius."
AT&T (T): The telecom giant trending today on news it might be getting another exclusive. The Wall Street Journal reports Amazon (AMZN) will give it's much rumored 3D-enabled smartphone to AT&T as an exclusive offering. While indeed a coup, it remains to be seen whether consumers will be clamoring for a non-Apple smartphone. Amazon is to reveal its smartphone offering tomorrow, with the Journal reporting the phone will be released to the public in September.
Those are your trending tickers today -- tell us what stocks you're watching on twitter using the hashtag trending tickers
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