The below plan August jobs report is boring to cover. Here's what hot.
Coca-Cola About to Make a Monster Deal?
At least that was the thinking of TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer. Coca-Cola, the Atlanta-based beverage giant, has a 16.7% stake in Monster.
On his Twitter Inc. account, Cramer noted that Monster shares reached an all-time high of $56.25 on Thursday, Aug. 31, suggesting that a Coca-Cola takeover could be in the works.
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Under the new leadership of CEO James Quincey, Wall Street has been anxiously awaiting Coca-Cola to make a deal that jump-starts sluggish growth. Coca-Cola closed on its transaction to acquire a 16.7% stake in Monster for $2.2 billion on June 12, 2015, so a full takeover would be a possible next step.
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Car Sales Don't Fall Off a Cliff
General Motors Co. (GM) sales in August increased 7.5%, blowing away analysts' expectations of a 1.9% increase for the month.
GM snagged a 0.5 point uptick in retail market share for the auto industry with a push for crossovers and SUVs that began last month. The company also improved inventory figures, ending August with an 88-day supply, down from a 104-day supply in July.
Ford Motor Co. (F) sales in August dropped 2.1%, a narrower-than-expected decline compared to analysts' expectations of a 2.4% sales decrease.
Ford ended August with slightly higher inventory than last month, managing an 81-day supply vs. a 77-day supply in July. Truck sales were up 9.3%, but SUV sales decreased 11.3% due to fleet sales timing, Ford said.
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So Starts September
Amazon has been a juggernaut over the past decade, but the company now faces existential threats from political and antitrust headwinds that could inhibit its aggressive growth plans.
The shares are down some $130 from their recent peak, while Amazon is also showing technical strain.
Slowing U.S. comparable-store sales argue that Starbucks is reaching saturation in the United States, its primary market.
Food sales are also stalling, while recently issued profit guidance looks disappointing relative to analysts' consensus estimates. The stock's recent performance has disappointed investors and Starbucks is approaching multi-month lows.
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More of What's Trending on TheStreet:
- Coca-Cola Might Be Closing in on This Monster Takeover
- Booming Electric Car Sales Might Send This Key Market Soaring 6,100% by 2040
- Ford Says 'Several Thousand' Cars Damaged in Houston by Harvey
- GM's August Sales Smash Expectations, Ford Drop Narrower Than Expected
- S&P 500, Dow Rise as Weaker Jobs Report Raises Questions About Fed's Plans