3 Stocks to Watch on Monday: Alphabet Inc (GOOG, GOOGL), The Coca-Cola Co (KO) and Tiffany & Co. (TIF)

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The U.S. stock market will seek to rebound following a series of disappointing results in the early days of Donald Trump’s presidency.

3 Stocks to Watch on Monday: Alphabet Inc (GOOG,GOOGL), The Coca-Cola Co (KO) and Tiffany & Co. (TIF)Several companies made headlines over the weekend, including Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL), The Coca-Cola Co (NYSE:KO) and Tiffany & Co. (NYSE:TIF).

Here’s what happened:

Alphabet Inc (GOOG, GOOGL)

Alphabet has been ordered to surrender emails outside the U.S. by a federal agency.

The tech company has received an FBI warrant that U.S. Magistrate Judge Thomas Rueter signed. The judge said the move would not be considered to be a seizure.

“Though the retrieval of the electronic data by Google from its multiple data centers abroad has the potential for an invasion of privacy, the actual infringement of privacy occurs at the time of disclosure in the United States,” Rueter said.

It is still unclear whether or not the ruling will stand as Microsoft Corporation (NASDAQ:MSFT) faced a similar situation in which a judge ruled against emails being handed over.

GOOG stock is up 3.8% year-to-date, while GOOGL shares are up 3.5% YTD.

The Coca-Cola Co (KO)

Coca-Cola released a Super Bowl ad that appears to have backfired.

The commercial was a rerun of an ad that was released in 2014, featuring “America the Beautiful” which was written by Katharine Lee Bates. The new version of it has the song performed in numerous languages.

In order to promote diversity, the song is performed in English, Spanish, Keres, Tagalog, Hindi, Senegalese, French and Hebrew. The video shows a diverse group of people.

While the company was attempting to send a message in support of people of all creed, many criticized it as it appeared to simply be a commercial using diversity to sell the product.

The hashtag #BoycottCoke soon followed on Twitter. Meanwhile, others supported the ad and criticized those who chose to see the commercial purely for advertising purposes.

KO shares are down 4.5% over the last six months.

Tiffany & Co. (TIF)

The Tiffany CEO has stepped down as boss.

The news came as the company announced that its upcoming earnings call will reveal disappointing results. Previous CEO Michael Kowalski will serve as the new boss on an interim basis.

Kowalski said the company will continue to focus on “enhancing the customer experience, increasing the rate of new product introductions and innovation, maximizing marketing effectiveness, … all while efficiently managing our capital and costs.”

Lower consuming spending resulted in lower sales that hampered the company’s results.

TIF shares fell 3.9% year-to-date.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/02/stocks-twatch-monday-alphabet-inc-googgoogl-the-coca-cola-co-ko-and-tiffany-co-tif/.

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