Manufacturing Output Up 10.1%; Dow Has Best Weekly Gain

Weekly Wrap Up

Geopolitical factors played a major role this week, but there were indicators that investors were getting used to the uncertainty coming from the Russian-Ukrainian border. Despite Friday's losses, major stock indexes were on track for the second straight week of gains with the Dow hitting its best weekly gain in five weeks. Additionally, US manufacturing output rose in July and automobile production recorded an impressive 10.1% increase. In August consumer sentiment fell to 79.2 from 81.8 recorded in July. Some analysts attribute this to a volatile stock market.

Starting on Thursday, Monster Beverage (MNST) and Coca-Cola (KO) dominated the news cycle as their newly forged partnership became public.
The two companies will share production, distribution, and marketing. This deal gives Coca-Cola an edge in the burgeoning energy drink business, while Monster gains access to an extensive global network. Coco-Cola and Monster closed up at $93.49 and $40.88 respectively.

Economic News

Robust Manufacturing Output Buoys U.S. Economic Outlook
"The broad-based nature of the (manufacturing) gains indicates that the strong second-quarter rebound in economic growth momentum is being sustained," said Millan Mulraine, deputy chief economist at TD Securities in New York. (Source: Reuters) Click here to read the full article

Consumer Sentiment Falls to Nine-Month Low in August
A gauge of consumer sentiment in August hit the lowest level in nine months, as a rocky stock market helped to depress expectations about the future. (Source: MarketWatch) Click here to read the full article

Business News


Part of running a great company is admitting when you can’t do it all. CEOs Muhtar Kent of Coca-Cola (KO) and Jeff Immelt of General Electric (GE) are proving this point. At Coke, Kent has been struggling with a weak set of brands in the fastest-growing area of beverages – energy drinks. (Source: Yahoo Finance) Click here to read the full article


Shares of Kinder Morgan Inc. (KMI) were trading up +5.46 or +15.12 percent to $41.58 per share in Monday’s premarket, after the company announced on Sunday it would consolidate the three master limited partnerships under its control. (Source: InvestorGuide) Click here to read the full article


Shares of Intercept Pharmaceuticals Inc. (ICPT) were up +137.82 or +58.11 percent to $375.00 per share in pre-market trading on Tuesday, after the company announced better than expected earnings. The company also disclosed its obeticholic acid had less severe side effects and was more effective in treating liver disease than what was previously thought. (Source: InvestorGuide) Click here to read the full article

Technology Focus


Shares of Lake Success, New York, based DealerTrack Technologies Inc. (TRAK) rose on Tuesday on a day when the markets were down marginally across the board. DealerTrack’s stock was up 18.73%, rising $7.32 per share, to close at $46.40. (Source: InvestorGuide) Click here to read the full article

Plenty of People Around the World Want a New iPhone

As Apple (AAPL) prepares to launch its newest iPhones next month, the company could see big sales even in emerging-market countries where consumers have lower incomes. (Source: Yahoo Finance) Click here to read the full article

Your Money

5 Investment Rules No One Ever Told
There's lots of investment advice out there on the Internet, but these are the five things that you should know that you've never been told. (Source: Inc.) Click here to read the full article

Why Your Bank Can Break Up with You
Your bank has the right to cut you off anytime it wants. But why exactly would it break up with you? There are the customers who bounce checks, constantly overdraw their accounts, commit fraud or otherwise lose the bank money. (Source: CNN Money) Click here to read the full article

Published on Aug 15, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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