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65 stories mentioning KOUpdated 1d ago

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Japan

US Equity Futures Mixed Pre-Bell Amid Continued Middle East Standoff, AI Spending Concerns

US equity futures were mixed pre-bell Tuesday as the US-Iran standoff continues with no end in sight, while concerns about heavy spending on data centers were brought into focus amid reports of OpenAI's missed targets.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were down 0.6%, and Nasdaq futures were 1.1% lower.President Donald Trump was unhappy with Iran's latest proposal to end the Middle East conflict, Reuters reported, citing a US official. Iran had proposed to reopen the Strait of Hormuz by deferring nuclear talks to a later date, while Trump wants nuclear issues dealt with from the outset.Microsoft-backed (MSFT) OpenAI recently missed internal targets for new users and revenue, raising concerns among company leaders about being able to support its massive spending on data centers, according to a Wall Street Journal report that cited sources familiar with the matter.Traders digested the latest round earnings. Coca-Cola (KO) reported higher Q1 adjusted earnings and revenue, while Novartis (NVS) posted a decline in Q1 core earnings and net sales.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4% at $105.74 per barrel and US West Texas Intermediate crude 5.4% higher at $101.75 per barrel.The February S&P Case-Shiller home price index, scheduled for release at 9 am ET, is expected to show a 0.2% gain following a similar increase in the preceding month, according to estimates compiled by Bloomberg.The April consumer confidence index, due at 10 am ET, is projected to fall to 89.0 from 91.8.

Dow JonesNasdaq CompositeS&P 500$KO$MSFT$NVS
US Markets

Stocks Mostly Down Pre-Bell as Traders Monitor Developments on US-Iran Negotiations; Fed Policy Meeting on Deck

US equity futures were mostly pointing lower on Tuesday as traders monitor developments on negotiations between the US and Iran and await the Federal Reserve's latest decision on interest rates, along with a fresh round of corporate earnings.The S&P 500 decreased 0.2% and the Nasdaq declined 0.6%, while the Dow Jones Industrial Average inclined 0.3% in premarket activity. The Nasdaq and S&P 500 finished Monday trading with new closing highs for a second consecutive session, while the Dow ended in the red.White House Press Secretary Karoline Leavitt reportedly said Monday that President Donald Trump reviewed a new proposal from Iran to reopen the crucial Strait of Hormuz with national security officials, according to Bloomberg News. Trump has made his "red lines" extremely clear with respect to Iran and will address the matter "very soon," Leavitt said.Tehran recently submitted a proposal to reopen the Strait of Hormuz and delay talks on uranium enrichment, Axios reported, citing a US official and two other sources.West Texas Intermediate crude oil rose 3.5% to $99.73 a barrel before the opening bell, while Brent gained 2.8% to $111.28.The Fed's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due tomorrow. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a third consecutive meeting, according to the CME FedWatch tool.With the Federal Open Market Committee's decision unlikely to surprise, the market is expected to focus on the policy statement and post-meeting remarks of Chair Jerome Powell, said David Doyle, head of economics at Macquarie Group."Given that elevated oil prices have persisted for nearly two months now, future guidance may shift somewhat," he said in a Monday report e-mailed to. "This would be in contrast to March where there were limited changes made. Our view remains that the next policy move is likely to be a hike with the most likely timing in (the first half of 2027)."Treasury yields were trending upwards in premarket action, with the two-year rate advancing 1.9 basis points to 3.82% and the 10-year rate adding 1.8 basis points to 4.35%.Coca-Cola (KO), S&P Global (SPGI), Spotify Technology (SPOT), United Parcel Service (UPS), Sherwin-Williams (SHW), Hilton Worldwide (HLT) and General Motors (GM) are scheduled to release their latest financial results before the bell, among others. Visa (V), T-Mobile US (TMUS) and Starbucks (SBUX) post earnings after the markets close.Shares of Snap (SNAP) nudged down 0.2% pre-bell after the social media company finished the previous session with a 7.3% jump. Cadence Design Systems (CDNS) moved 0.4% lower as the computational software company announced its latest quarterly results. Oracle (ORCL) fell 5.5%.Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for February, at 9 am ET. The consumer confidence report for April is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold dropped 1.4% to $4,626 per troy ounce, while bitcoin ticked down 0.2% to $76,604.

Dow JonesNasdaq CompositeS&P 500$CDNS$GM$HLT$KO$ORCL$SBUX$SHW$SNAP$SPGI$SPOT$TMUS$UPS$V
Wire

S&P 500 Companies' Quarterly Profit Growth Eases, But Remains Well Above Expectations, Oppenheimer Says

S&P 500 companies' quarterly earnings growth decelerated compared with figures from a week ago, but remained well ahead of expectations, Oppenheimer Asset Management's data showed Monday.Some 28% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up about 25% from a year earlier and revenue growing 10%. Last week's report by the brokerage showed profit growth of 32% and sales increase of 13%, based on financials reported by 9% of the index constituents.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer."The quarter appears to be off to a strong start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, noting that earnings growth reported by 79% of the firms that have released their quarterly results exceeded analyst estimates.Among sectors, materials and technology outperformed in terms of earnings, with profit roughly doubling year over year. Tech led the chart for revenue growth, with a nearly 30% increase, followed by real estate's 14% jump.This week, a busier earnings calendar has 179 S&P companies releasing their quarterly financials, according to Oppenheimer. Among the big-cap companies reporting this week are five of the so-called Magnificent 7 stocks; Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META).Visa (V), Coca-Cola (KO), T-Mobile US (TMUS), and Eli Lilly (LLY) also report this week.On Friday, the S&P 500 and the Nasdaq Composite hit all-time peaks as tech stocks rallied, ahead of a second round of US-Iran peace talks. The two sides, however, didn't have direct negotiations in Pakistan over the weekend."Resolution to the conflict in our view persists as a potential negative overhang to market performance on a day-to-day basis tied to news flows from the front, developments in negotiations taking place and supply chain disruptions that carry inflation risks," Stoltzfus said. "That said, stocks are showing thus far an appreciation for fundamentals that matter to revenue and profit growth."Price: $349.73, Change: $+7.41, Percent Change: +2.16%

$AAPL$AMZN$GOOG$GOOL$KO$LLY$META$MSFT$TMUS$V
US Markets

Coca-Cola Poised for In-Line Quarterly Print Despite Global Macro Volatility, RBC Says

Coca-Cola's (KO) first-quarter results are likely to meet Wall Street's expectations, showing "resilience" despite a difficult global consumer environment amid war-driven concerns, RBC Capital Markets said Friday.The brokerage expects the beverages giant to report first-quarter adjusted earnings of $0.82 a share on net sales of $12.01 billion, with organic sales growth projected at 6.7% year over year. The Street expects EPS of $0.81 on sales of $12.17 billion while looking for organic sales growth of 6.5%, RBC said in a note to clients."We expect the quarter to be fine, with (Coca-Cola) delivering against (consensus) numbers, showing resilience despite the difficult environment," said Nik Modi, co-head of global consumer and retail research at RBC.The company is scheduled to report results Tuesday."While the Coke system continues to see good momentum on market share and top line, there is significant concern among the bottler community regarding aluminum inflation, the Midwest premium and the likely increase in logistics costs/pet packaging costs if the energy complex continues to inflate," Modi said in the note."While the system would normally just price for the inflation, we believe the current consumer environment might make it difficult to pull this lever right now," Modi wrote.Broad-based inflation concerns have grown in the wake of a jump in energy prices amid the closure of the crucial Strait of Hormuz following the US-Israel war with Iran that started at the end of February. Markets are optimistic about a fresh round of talks between the US and Iran in Pakistan over the weekend.Several international markets have implemented energy restrictions and/or conservation measures amid supply concerns arising from the Iran war. This can result in mobility restrictions and market disruptions, potentially posing risk for Coca-Cola's business in certain overseas markets, according to the note.RBC has an outperform rating and an $87 price target on the Coca-Cola stock.Earlier this month, beverage and snacks giant PepsiCo (PEP) reported higher-than-expected fiscal first-quarter results amid affordability initiatives while reiterating its full-year outlook.Price: $76.60, Change: $+0.32, Percent Change: +0.42%

$KO$PEP
Wire

Coca-Cola Likely to Deliver Resilient, In-Line Q1 Amid Inflation Pressures, RBC Says

Coca-Cola (KO) is expected to post a resilient, in-line Q1 print, given the challenging global consumer environment amid mounting inflationary pressures, RBC Capital Markets said in a note Friday.Channel checks show that bottlers are experiencing solid sales, but there is significant concern among the bottler community regarding aluminum inflation, the Midwest premium, and potential hikes in logistics and packaging costs if energy prices continue to rise, analysts wrote.Energy restrictions in global markets amid the Middle East conflict could result in mobility limitations and market disruptions, posing a risk to volumes. The company may need to pull levers beyond pricing to mitigate inflationary impacts, according to the note.Despite consumer environment headwinds, the company is on track to deliver organic sales targets, given its flexibility and relationship with bottlers, according to RBC.The firm has an outperform rating on the stock with a price target of $87 per share.Price: $76.71, Change: $+0.42, Percent Change: +0.56%

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