Friday Roundup: BlackBerry Ltd (NASDAQ:BBRY), Arch Coal Inc (NYSE:ACI), The Coca-Cola Company (NYSE: KO)

Van Bettauer - February 28, 2014

Boston, MA 02/28/2014 (wallstreetpr) – BlackBerry Ltd (NASDAQ:BBRY) announced a few months ago that it was partnering with Taiwanese manufacturer Foxconn Technologies. That agreement spans five years and involves manufacturing of low-cost BlackBerry phones that target emerging markets, more so Indonesia where the company still has a lot of faithful followers. Now that agreement has left the paper on which it was written and is getting things happen. BlackBerry recently launched Z3 and Q20 smartphones that are the results of its collaboration with Foxconn. The company is clearly not going to let rivals Apple Inc (NASDAQ:AAPL) and Samsung lord the smartphone market at will. The company is also going back to roots, courting enterprise customers for its top security communications platforms. BlackBerry Ltd (NASDAQ:BBRY) was last seen gaining more than 1.5 percent to touch $10.49 by bell time.

 Arch Coal Inc (NYSE:ACI) is now considered a “hold” in average view of 16 brokerages tracking the stock. The consensus price target on the stock is $4.81. Currently the stock is trading around $4.51 per share after gaining more than 8.6 percent in the previous session. Thus, the average price target on the stock signals a potential upside roughly 30 cents over the prevailing price.  Arch Coal Inc (NYSE:ACI) recently declared dividend of 1cents per share, capturing investors who acquired the stock before February 28.

The Coca-Cola Company (NYSE:KO), the world beverage giant and troubled maker of soda recently announced collaboration with Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ:GMCR), where the latter will make it possible for people to make their favorite soda drinks at home. That collaboration involved KO acquiring stake in GMCR and that has just happened. The companies announced Thursday that the deal was as good as done with KO investing roughly $1.25 in GMCR. The Coca-Cola Company (NYSE:KO) is keen on boosting soda sales, more so in North America where soda is losing traction among soft drinks consumers. After posting earnings results which showed sales decline for its carbonated drinks, The Coca-Cola Company (NYSE:KO) announced that it will boost its advertisement spending.


Van Bettauer

Van Bettauer is a financial aficionado from Vancouver, British Columbia. He currently studies at UBC, pursuing a Bachelors of Science degree. Van has been freelance writing for many years, specializing in copywriting, report writing and article writing. The combination of his scientific studies and writing experience brings a new and fresh perspective to the financial world. Visit Bettauer's Google+ page at the following address:

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up To Get Our Latest Stocks Alerts