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Coke and Pepsi Dump Sugar, Sweeten Earnings Prospects as Consumer Habits Change

Coca-Cola (KO) joined rival PepsiCo Inc. (PEP) in riding a renewed wave of demand for sugar-free and low-calorie soft drinks to firmer-than-expected sales this quarter, confirming the industry's focus on healthier snacks and changing consumer habits. Coke Zero, the iconic soft drink maker's no sugar alternative, notched "double-digit" sales growth in the three months ending near the end of September, helping boost overall group revenues 8.5% to $9.5 billion. Coke Zero volumes, the company told investors on a conference…

Schlumberger Stock May Have Finally Bottomed

Shares of Schlumberger (SLB)  weren't exactly shooting the lights out Friday, up just 1.9% to $32.50 after reporting its quarterly results. However, the stock was rising and that's giving investors hope that the stock may have finally bottomed. Schlumberger has been on a brutal decline, falling 9.9% in 2019 and more than 45% over the past 12 months. Even with Friday's modest post-earnings pop, you can see why investors may be thinking more optimistically about the stock now. While the charts aren't pretty, there are…

Asian markets mixed after decades-worst GDP growth by China

Asian markets were mixed in early trading Friday, as new data showed worse-than-expected economic growth in China. China’s economy expanded at a 6% rate year-over-year, official data showed, less than the median 6.1% forecast by economists polled by the Wall Street Journal, and the worst pace of growth since the first quarter of 1992. It was the second straight month of weaker year-on-year data. China expects annual GDP growth of 6% to 6.5% this year, down from last year’s 6.6% growth. Still, investors appeared…

Alcoa Shares Higher as Aluminum Producer Plans Extensive Portfolio Review

Alcoa (AA) shares shined after hours on Wednesday as the aluminum icon reported a wider third-quarter net loss but also said it would undertake an extensive portfolio review designed to lower costs and sustain profitability. "While market and pricing challenges persisted through the quarter, our cash balance remained steady," President and Chief Executive Roy Harvey said in a statement after the market closed. Alcoa shares are trading after hours up 5% at $20.11 after closing the regular session down 1.5% at $19.16.…

Stocks End Down as Trade War Fears, Weak Retail Sales Overshadow Strong Earnings

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished lower Wednesday as investors divided their attention between strong third-quarter earnings and worries over weak U.S. retail sales and the ongoing U.S.-China trade war. Bank of America (BAC) climbed after the financial services company posted stronger-than-expected third-quarter earnings. Bank of America is Real Money's Stock of the Day. Abbott Laboratories (ABT)  was slightly lower after the medical device company…

ASML Tops Q3 Earnings Forecast as EUV Semiconductor Design Orders Improve

ASML Holding NV (ASML) shares traded lower Wednesday, pulling back from recent all-time highs, after the semiconductor equipment maker posted stronger-than-expected third quarter earnings amid solid demand for its multi-million dollar chip designers in what it described a "growth year" for the company. ASML said earnings for the three months ending in September came in at €1.49 per share, down 6.9% from the previous quarter and just ahead of the Street consensus forecast of €1.45 per share. Group revenues, ASML said, rose…

Dow Futures Flat, Global Stocks Mixed; Brexit Talks, US Earnings Drive Sentiment

The Wednesday Market Minute Global stocks mixed with gains in Asia offset by weaker U.S. futures are political and growth risks shroud a solid start to the U.S. earnings season. Britain and the EU enter the final hours of Brexit talks ahead of a key leaders' summit later this week in Brussels, with hopes of a breakthrough lifting the pound to a 5-month high. U.S. lawmakers pass legislation supporting Hong Kong protests, with China hitting back at what is calls "sinister intentions" that could scupper last week's…

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