Breakout

New troubles for Herbalife, Coke bubbles higher, Pep Boys needs a lift

Breakout

Here are your Trending Tickers for Tax Day, Tuesday April 15:

Herbalife (HLF) -  Bill Ackman's favorite stock to hate is down almost 3% today on reports that New York's attorney general, Eric Schneiderman, is launching his own investigation into whether or not Herbalife is a pyramid scheme. The New York Post says the latest investigation began after two whistle blowers came forward. Herbalife is also being investigated by the FBI and the FTC. All of this scrutiny started more than  three decades after the Herbalife was founded but just months after Bill Ackman started losing millions on his short position.

Coca-Cola (KO) - The beverage Goliath is up more than 3% today after reporting quarterly earnings that beat revenue expectations and were inline with the street's EPS estimate. As is usually the case, Coke is killing it in emerging markets but its core soda business is actually declining. Diet Coke sales are declining and the U.S. diet soda market as a whole declined 7% in the first quarter.

Pep Boys (PBY) - The automotive service company is tanking today to the tune 15%. The company broke even on earnings and reported revenues of about $496 million. Both numbers missed street estimates. CEO Mike Odell blamed lower tire prices on the miss and warned it could bleed into Q2's numbers as well.

More from Breakout:
Tesla can't be measured by traditional metric despite what short interest is saying: Fahmy
Permabears on the prowl! Tips on trading a hated bull market
Consumer names to make or break earnings season: FactSet's Butters

 

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