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KDP News
KDP Events
Keurig Dr Pepper Appoints Aaron Alt as Director
Keurig Dr Pepper (KDP) announced that Aaron Alt has been appointed a director of the company's Board of Directors, effective August 14. Alt brings deep expertise in finance, capital allocation and business transformation to KDP's Board and will serve on its Audit and Finance Committee. He currently serves as CFO of Cardinal Health (CAH), where he oversees the company's financial and corporate development activities.
Western Digital and SanDisk Shares Plunge as Market Awaits Employment Data
Stock futures are mixed Thursday after another round of technology earnings sparked renewed selling in software and semiconductor stocks, while investors continue to monitor developments in the Middle East and look ahead to key labor market data.Technology remains under pressure despite generally solid quarterly results, highlighting investors' increasingly demanding expectations. Shares of Western Digital and Sandisk are falling sharply in premarket trading after their earnings and forward guidance failed to satisfy elevated expectations tied to artificial intelligence demand. The weakness has spread across the semiconductor sector. Software stocks are also retreating following disappointing earnings reactions from several enterprise software companies, reinforcing concerns that valuations across parts of the AI ecosystem remain stretched.Investors are also watching developments surrounding SpaceX as the company's first post-IPO lockup period expires, making a significant number of previously restricted shares eligible for sale. While the stock has remained relatively resilient, the expiration could increase trading volatility as insiders gain the ability to sell shares.Economic data remains a central focus ahead of Friday's July employment report. Markets remain divided over the Federal Reserve's next policy move, with incoming employment data expected to play an important role in shaping expectations for interest rates over the coming months.Investors are monitoring reports of progress toward a potential agreement involving Iran and shipping through the Strait of Hormuz, which has helped keep oil prices relatively contained even as uncertainty persists. Meanwhile, gold has climbed as investors seek defensive assets amid mixed economic signals and ongoing geopolitical risks.In pre-market trading, S&P 500 futures rose 0.13%, Nasdaq futures fell 0.60% and Dow futures rose 0.25%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Modernaup 2% after announcing that the FDA has approved mFlusiva, a new vaccine against seasonal influenza, for use in all adults 50 years and olderUP AFTER EARNINGS -SiTimeup 27%Watts Waterup 4%Warner Bros. Discoveryup 1%Conoco Phillipsup 1%Keurig Dr Pepperup 1%Airbnbup 1%DOWN AFTER EARNINGS -AppLovindown 18%Datadogdown 15%Western Digitaldown 15%Figmadown 14%Fiservdown 12%Pelotondown 12%Zillowdown 12%SanDiskdown 9%Warby Parkerdown 8%TripAdvisordown 7%
Nasdaq Declines Despite Strong Micron Earnings Report
The major averages had a mixed but mostly unchanged session, with the Nasdaq leading the way lower even after a strong Micron earnings report. Investors had started questioning whether the AI trade was losing momentum, but the latest chip demand signals are pushing the narrative back toward continued infrastructure expansion.Meanwhile, The Wall Street Journal reported that Iran has attacked a Singapore-flagged cargo ship traveling through the Strait of Hormuz. The attack inflicted damage on the ship's bridge but left no casualties, according to U.K. Maritime Trade Operations.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Micronreportedand provided upbeat Q4 earnings guidanceQualcommraised its FY29Multiple big banks, including JPMorgan, Goldman Sachs, and Wells Fargo, announced new capital return plans, such as higher dividends and share buybacks, after theits stress test confirms large banks are "well positioned" for a severe recession scenarioMerck KGaABio-Technefor $73 per share in cashAppleis raising prices on2. WALL STREET CALLS:Qualcommto Equal Weight at Morgan Stanley after investor day forecastsPVH Corp.to Underperform at BofA on high EMEA exposureIntelwith a Neutral at Goldman SachsBarclaysKeurig Dr Pepperon upside into separationMorgan StanleyAffirmto Equal Weight on "valuation call"3. AROUND THE WEB:Appleis planning a major shift in its Mac chip roadmap by launching a base M6 chip for entry-level Macs as early as this year while skipping M6 Pro and Max variants, Bloomberg reportsSonoswill cut an additional 3% of its workforce, Bloomberg saysKalshi is in discussions to raise new funding at an approximately $40B valuation and could close the round as early as the third quarter of this year as it expands prediction market offerings and competes more directly with major derivatives and gambling companies, FT reportsAccording to a letter from the U.S. FDA, Amgen'sChemoCentryx personnel "manipulated" study data to make Tavneos, a pill made to treat a rare blood vessel disorder, appear more effective, Bloomberg saysBlue Owl Capitalis in advanced talks to buy a minority stake in the NBA's Cleveland Cavaliers through the private equity firm's Blue Owl's Dyal HomeCourt Partners fund, Bloomberg says4. MOVERS:BlackBerryincreases in New York afterand providing guidance for Q2 and FY27Kymera Therapeuticsgains afterfor its BROADEN2 trialAtaiBeckleyhigher afterit will be added to the Russell 2000 and Russell 3000 Indexes at open on June 29Trip.comlower in New York afterand providing guidance for Q2Hive Digitalfalls after announcing a private offering ofdue 20315. EARNINGS/GUIDANCE:McCormickand backed its guidance for FY26Commercial Metals, with CEO Peter Matt commenting, "We continued to make great progress on our strategic agenda across a number of fronts"TD Synnexand provided guidance for Q3Acuity Brands, with CEO Neil Ashe commenting, "We demonstrated solid execution in our third quarter of fiscal 2026"Winnebago, with EPS and revenue missing consensusINDEXES:The Dow rose 71.72, or 0.14%, to 51,920.62, the Nasdaq lost 118.03, or 0.46%, to 25,358.60, and the S&P 500 declined 0.73, or 0.0099%%, to 7,357.49.
Major Averages Mixed at Noon, Nasdaq Declines
The major averages were mixed near noon, with only the Nasdaq in decline even after a strong Micron earnings report as investors move out of key tech stocks. Investors had started questioning whether the AI trade was losing momentum, but the latest chip demand signals are pushing the narrative back toward continued infrastructure expansion.Meanwhile, big banks are trading higher after the U.S. Federal Reserve said its annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Several major lenders announced dividend increases or new buyback authorizations along with stress test results.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Micronreportedand provided upbeat Q4 earnings guidanceQualcommraised its FY29Multiple big banks, including JPMorgan, Goldman Sachs, and Wells Fargo, announced new capital return plans, such as higher dividends and share buybacks, after theits stress test confirms large banks are "well positioned" for a severe recession scenarioMerck KGaABio-Technefor $73 per share in cashAppleison several MacBook and iPad products2. WALL STREET CALLS:Qualcommto Equal Weight at Morgan Stanley after investor day forecastsPVH Corp.to Underperform at BofA on high EMEA exposureIntelwith a Neutral at Goldman SachsBarclaysKeurig Dr Pepperon upside into separationMorgan StanleyAffirmto Equal Weight on "valuation call"3. AROUND THE WEB:Kalshi is in discussions to raise new funding at an approximately $40B valuation and could close the round as early as the third quarter of this year as it expands prediction market offerings and competes more directly with major derivatives and gambling companies, FT reportsAccording to a letter from the U.S. FDA, Amgen'sChemoCentryx personnel "manipulated" study data to make Tavneos, a pill made to treat a rare blood vessel disorder, appear more effective, Bloomberg saysAnduril Industries is in discussions to acquire Nissan Motor'sOppama assembly plant, Reuters reportsBlue Owl Capitalis in advanced talks to buy a minority stake in the NBA's Cleveland Cavaliers through the private equity firm's Blue Owl's Dyal HomeCourt Partners fund, Bloomberg saysBain Capital is slated to acquire a majority interest in Volkswagen'sEverllence marine engine business, FT reports4. MOVERS:BlackBerryincreases in New York afterand providing guidance for Q2 and FY27Kymera Therapeuticsgains after completing enrollment for itsAtaiBeckleyhigher after announcing itthe Russell 2000 and Russell 3000 Indexes at open on June 29Trip.comlower in New York afterand providing guidance for Q2Hive Digitalfalls after announcing aof exchangeable senior notes due 20315. EARNINGS/GUIDANCE:McCormickand backed its guidance for FY26Commercial Metals, with CEO Peter Matt commenting, "We continued to make great progress on our strategic agenda across a number of fronts"TD Synnexand provided guidance for Q3Acuity Brands, with CEO Neil Ashe commenting, "We demonstrated solid execution in our third quarter of fiscal 2026"Winnebago, with EPS and revenue missing consensusINDEXES:Near midday, the Dow was up 0.78%, or 401.92, to 52,250.82, the Nasdaq was down 0.42%, or 107.79, to 25,368.84, and the S&P 500 was up 0.18%, or 13.11, to 7,371.33.
Planet Fitness Appoints Sudhanshu Priyadarshi as CFO
Planet Fitness (PLNT) announced the appointment of Sudhanshu Priyadarshi as CFO and President, International, effective immediately. In this role, Priyadarshi will oversee the company's finance, investor relations, strategy, and IT functions, while also leading the international business. Tom Fitzgerald, Interim CFO, will remain with the company as an advisor through mid-September 2026 to ensure a smooth transition of responsibilities. Priyadarshi is a global leader with more than 25 years of experience driving enterprise value creation across consumer-facing businesses. He most recently served as CFO and President, International, of Keurig Dr Pepper (KDP), during which time he co-led the development of the company's enterprise-wide strategic plan, while simultaneously leading the company's global finance, IT, and international operating organization.
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