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Consumer prices up in March; Google takes to the skies; Coke and J&J report

Consumer prices rose 0.2% in March, according the Labor Department. Economists expected an uptick of 0.1%. Gasoline prices declined, but an increase in food and shelter costs helped push overall prices up.

Here are some stocks the Yahoo Finance team will be watching for you today.

Coca-Cola (KO) reported first quarter results this morning that were in-line with Wall Street estimates. Earnings per share came in at $0.44, while revenue declined, but met analysts' expectations. Coke has been aggressively developing new products to counter fizzling soda sales. Earlier this year, the company signed a much buzzed-about deal with Keurig Green Mountain (GMCR) to develop a new line of Coke products with Keurig.

Johnson & Johnson (JNJ) also reported this morning and the company beat Wall Street estimates. Earnings came in $0.06 ahead of estimates. Revenue rose 3.5% year-over-year to just in about in-line with expectations. For the year, Johnson and Johnson raised its earnings estimate to between $5.80 and $5.90, above its previous forecast.

Google (GOOGL) announced a deal to buy drone maker Titan Aerospace. The New Mexico-based Titan designs solar-powered drones that could potentially fly for years. Google did not say how much it will pay for the company, but it did say Titan will work with Google's Project Loon which is building balloons to beam the Internet to remote locations that aren't wired. Titan had been in talks to be acquired by Facebook (FB), but The Wall Street Journal reported Google offered to top any Facebook bid.

And Josh Brown, CEO of Ritholtz Wealth Management, spoke with Yahoo Finance Editor-in-Chief Aaron Task about the expectations for earnings season. He said earnings season is what the markets are most focused on in the short-term. "I think the concern here is that we’re looking at perhaps the first down quarter for earnings going back to the third quarter of 2012," said Brown. "We started in January with expectations for growth of about 5% in earnings per share for the S&P 500 and that number has been ratcheted down week after week after week." But, Brown said that if the markets can get through this season and have a decent beat rate and manage to come out slightly positive, that will be a win for investors.

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