Coca-Cola Rolls Out Herbal Drink ‘Habu’ in Thailand and 2 More Heavily Traded Stocks to Follow
The Coca-Cola Co. (NYSE:KO): Closing price $39.03
Coca-Cola is moving towards marketing drinks other than sodas, promising in May to help combat worldwide obesity — partly by offering more beverage choices. On Wednesday, the iconic firm made good on that promise, debuting a bottled “herbal tea” drink in Thailand named Habu. The new offering is made with four herbs: roselle, licorice, luo han guo, and cogon grass.
Roselle is a species of hibiscus to reduce cholesterol and is often included in Asian teas. Licorice is utilized to assuage coughs, sooth ulcers, and stomach inflammation, as well as to control blood sugar. Luo han guo is a fruit used as a sweetener and cogon grass is employed to treat fevers. Coca-Cola did not immediately answer inquiries about whether it will market Habu as a health product.
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR): Closing price $14.44
It might be that the government of Brazil will soon permit Petrobras to raise the price of its fuel, according to the newspaper Valor Economico, prompting shares to rise in New York — until the government denied talks about the matter. Petrobras’ downstream fuel distribution unit is dragging down the entire company’s profits. In the second-quarter, losses from this division cut out 28 percent of Petrobras’ upstream oil output earnings.
Pandora Media Inc. (NYSE:P): Closing price $20.33
Pandora Media are up about 3.25 percent near the close Friday, after analyst Heath Terry at Goldman Sachs‘s raised his rating from Neutral to Buy along with a $27 price target, writing that the firm is showing improving trends and that fears over competition from Apple and others are likely embedded in the stock at this time. Pandora’s “revenue per thousand listener hours,” or “RPM,” the money it receives on free, ad-supported listening of tracks on its service, has now been accelerating for three quarters in a row.