Business Magazine

Molson Coors Shares Fizzle After Earnings Amid Down-Day For Stocks

Posted on the 07 November 2012 by Phil's Stock World

Today’s tickers: TAP, PFE & CIEN

TAP - Molson Coors Brewing Company – Shares in the beer brewing company are on the decline today, joining the broad-based sell-off in equities as investors re-focus attention on the debt crisis in Europe and looming fiscal cliff in the U.S. with the conclusion of Tuesday’s Presidential election. Molson Coors shares are down roughly 4% as of 12:10 p.m. ET to stand at $41.48 after the company reported better-than-expected third-quarter profits, but missed revenue estimates, ahead of the opening bell this morning. One or more options traders appear to be bracing for further declines in the price of the underlying shares during the five months. It looks like strategists purchased more than 1,000 puts at the April 2013 $40 strike for an average premium of $1.90 per contract. The bearish puts may be profitable at expiration if TAP’s shares drop more than 8% from the current level to breach the average breakeven price of $38.10 at expiration next year. Shares in Molson Coors Brewing Co. last traded below $38.10 in June.

PFE - Pfizer, Inc. – Pharmaceuticals giant, Pfizer, Inc., is trading well off its lowest level of the session at present, down 0.95% at $24.26 as of 12:40 p.m. ET after earlier sliding as much as 2% to an intraday low of $23.99 on Wednesday morning. Heavy trading traffic in weekly options with two full trading sessions remaining to expiration indicates short-term bets on the stock are looking for shares to move. The bulk of the volume is in weekly calls looking for a quick rebound in the price of the underlying, though buyers did generate some traffic in the weekly puts as well. Weekly options volume is greatest in the Nov. 09 ’12 $25 strike call where upwards of 9,700 lots changed hands against open interest of 6,548 contracts. Most of the calls in play this morning appear to have been purchased for an average premium of…

This article will become free after 48 hours (see below for free content). To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.

Email This Post Email This Post   Molson Coors Shares Fizzle After Earnings Amid Down-Day For StocksTwitter   Molson Coors Shares Fizzle After Earnings Amid Down-Day For Stocks LinkedIn   Molson Coors Shares Fizzle After Earnings Amid Down-Day For   Google+  

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Beer Review – Molson Coors Beer Company Molson Ice

    The other day, while reaching for a beer, I found a can of Molson Ice lodged in the back of the beer fridge. As I was diving headfirst into a cheesesteak and... Read more

    The 31 December 2012 by   Boozedancing
  • Molson Coors Issues ‘Our Beer Print’ - 2013 Corporate Responsibility Report

    From Molson Coors: DENVER & MONTREAL--(BUSINESS WIRE)--Molson Coors Brewing Company (NYSE: TAP)(TSX: TPX) today announced the issue of its 2013 Corporate... Read more

    The 23 July 2013 by   Mybeerbuzz
  • Molson Coors Retains Seat on Prestigious World Index

    From Molson Coors: DENVER & MONTREAL--Molson Coors Brewing Company (NYSE: TAP) announced today that it has been named on the Dow Jones Sustainability North... Read more

    The 12 September 2013 by   Mybeerbuzz
  • Leave Your Opinions at Home

    I happened upon a random conversation on Facebook this morning that made me realize that there’s still much for brands and agencies to learn about social... Read more

    The 08 May 2014 by   Shellykramer
  • Thrilling Thursday – 50-Day Moving Averages Are Tested

    As promised yesterday, we took advantage of the Yellen rally to add more short positions to our Short-Term Portfolio and I sent out an Alert to all of our... Read more

    The 13 February 2014 by   Phil's Stock World
  • Millennials & Consumer Marketing

    Since the earliest days of advertising marketers have recognized the value of segmenting generations to reach a target audience. Generation Xers, Baby Boomers... Read more

    The 25 February 2014 by   Shellykramer
  • The Next Emerging Market: Women

    Today I attended the U.S. Chamber of Commerce Foundation and the UN Office for Partnerships sponsored event, Turning Inspiration into Action: Next Steps for... Read more

    The 05 March 2014 by   Center For International Private Enterprise

Add a comment