76.15 0.00 (0.00%)
After hours: 5:11PM EDT
|Bid||75.99 x 4000|
|Ask||76.34 x 800|
|Day's Range||75.97 - 77.06|
|52 Week Range||47.37 - 79.65|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||32.89|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||1.44 (1.85%)|
|1y Target Est||77.64|
Whole Foods is banning plastic straws and beginning to use smaller bags, as England bans plastic items from April 2020. Executive Director of the American Progressive Bag Alliance Matt Seaholm joins Yahoo Finance's Zack Guzman and Jeanie Ahn, along with Taylor Lorenz, “The Atlantic” staff writer, to discuss.
This market's gotten real simple, real fast. We've got a new rubric to judge stocks. Too much Chinese exposure and you're toast. But if you've got little or no Chinese exposure, your stock can rally, even on a not-so-hot day like this one.
Competition in the fast-food space is hot. In order to stay relevant in the space, companies need to beef up their technology and delivery initiatives, according to Wells Fargo. It is estimated that restaurant delivery will become a $50 billion market in the U.S. over the next three years. Here's Yahoo Finance's Heidi Chung to break down some findings from the Wells Fargo survey.
At a law conference in Boston, Dunkin’ executives spoke about the company’s branding and how it’s different from Starbucks because it's apolitical. Yahoo Finance’s Dan Roberts, Melody Hahm, and Akiko Fujita discuss the larger issues.
Shares in China’s Luckin Coffee have fallen 7 per cent since their initial offering last week, as investors worried about the company’s cash-burning expansion model and whether it can retain consumers without subsidies. The company gained a valuation of roughly $4bn less than two years after opening its first outlet in Beijing, on the grounds of rapid revenue growth driven by expansion in its store numbers to 2,370 in 28 cities in China. It is opening new outlets at a rate of 200-300 a month, putting it on track to overtake Starbucks, which has about 3,700 stores in the country after two decades operating in China.
Shares of Xiamen, China-based Luckin Coffee soared as much as 53% to $25.96 on May 17, their first day of trading in the U.S. Since then, the stock has plunged 39% from that peak, even with a rally in the final half hour of trading Thursday that gave Luckin a 7.1% gain for the day. Luckin’s 7.1% decline from its offering price of $17 per share -- to $15.79 as of Thursday’s close -- isn’t as bad as the performance from ride-hailing company Lyft Inc., which is down 20% from its offering price of $72 in late March.
Starbucks Corporation today announced that the company will participate at Piper Jaffray’s 39th Annual Consumer Marketplace Conference in New York on Thursday, June 6, 2019 at 9 a.m.
Could Ackman’s Pershing Square's Flying Start in 2019 Continue?(Continued from Prior Part)StarbucksStarbucks (SBUX) released its fiscal 2019 second-quarter earnings on April 25. It reported adjusted EPS of $0.60 on revenue of $6.31 billion. In the
Starbucks Corp said on Thursday that a company controlled by Thai billionaire Charoen Sirivadhanabhakdi and a Hong Kong-based firm had won an exclusive deal to operate and develop its retail business in Thailand. The agreement, which it expects to close this month, is with Coffee Concepts, a joint venture between Hong Kong-based Maxim's Caterers Limited and F&N Retail Connection Co. Ltd, a company owned by Chareon's Thai Beverage Pcl. Thai Beverage, known for its pale lager Chang beer, has non-alcoholic drinks portfolio that includes carbonated drinks and green tea.
Starbucks Corp. agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the U.S. The company entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim’s Caterers Ltd. and Thai partner F&N Retail Connection Co., to fully license its retail business in Thailand.
Access to a Jabbrrbox, as the booths are branded, is pricey — $30 an hour — but in the circumstances it seemed worth it. Starbucks was too loud, I tried a commercial building lobby, but security asked me to leave,” he said.
Luckin’s IPO turned some heads and raised some questions, but there’s no doubt the Chinese market potential for coffee is enormous.
McDonald's and Starbucks are two of the biggest fast-food chains in the world. Here's a breakdown of the biggest fast-food chains in the world.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Shares of Luckin Coffee fell Wednesday morning, joining the likes of Uber and Lyft by dropping below its initial public offering price days after its debut.
Luckin Coffee (NASDAQ:LK) was down 6.7% in midday trade Wednesday, falling below its initial public offering price less than a week after it debuted.
To receive further updates on this Starbucks (NASDAQ:SBUX) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Strategic Trader today.After rallying last week, the S&P 500 gapped lower yesterday morning. The index closed just above 2,840, which is slightly lower than last Friday's close.There are a number of fundamental factors we could point to that could explain the decline.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTraders are still nervous about trade tensions and higher tariffs between the United States and China. Traders are wondering where the good news that could potentially spark a rally is going to come from now that 92% of the S&P 500 companies have reported their first quarter earnings. Traders are concerned tensions between the United States and Iran could escalate.So what do all of these concerns have in common? They highlight the uncertainty traders are dealing with, and uncertainty typically leads to volatility on Wall Street.In times like these, we like to find as much certainty as we can by placing trades on stocks that have proven themselves to be consistent winners -- like Starbucks (NASDAQ:SBUX). Selling puts against SBUX has been an effective strategy for us in 2019, and we're coming back to this stock for another round of income. Solid Fundamental PerformanceJust as every Starbucks barista is guaranteed to misspell your name while serving you a consistent product across the county, SBUX has been a consistent bullish winner for the past year.SBUX's solid stock performance has been driven by the company's solid fundamental performance. Sales and active participation in Starbucks Rewards are increasing in America, and operating margins increased by 80 basis points -- or 0.80% -- in the region last quarter. Management also expects to open more than 2,000 new stores this year and for global comparable sales growth to increase by 3-4%. Uninterrupted UptrendIf we turn to SBUX's daily chart, we see its uptrend has been virtually uninterrupted. Even when the rest of the S&P 500 was pulling back into a bear market in late 2018, SBUX was able to hold its own. It only dropped 12% while the S&P 500 dropped 20%. Since then, the stock has gone on to form new 52-week highs during each month of 2019 so far.Daily Chart of Starbucks (SBUX) -- Chart Source: TradingViewWe are looking for traders to continue rewarding SBUX for its solid, consistent fundamental performance with a continuation of the stock's current long-term uptrend.However, because the market is volatile right now, we don't want to go too far out with our trade. We've successfully sold seven put writes on SBUX in 2019, making this our eighth. If the stock continues to rise, we'll look for an opportunity to buy this put write back at a lower price, lock in our gains and roll out the trade.To find out which SBUX puts we're selling -- and to get access to our full portfolio of income-generating trades -- consider signing up for risk-free trial subscription to Strategic Trader today. InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.Compare Brokers The post Coming Back to the Consistency of Starbucks appeared first on InvestorPlace.
Alibaba Group Holding (NASDAQ:BABA) is defying the market downturn in the best possible way, with blowout earnings. Last week, BABA stock topped out just below $180 per share, a market cap of $453 billion, after the company announced earnings.Source: Charles Chan Via FlickrLast quarter, BABA earnings came in at $1.28 per share, on revenue of $13.9 billion, and highlighted $1.15 billion in cloud revenue. That's revenue growth of 51% year-over-year for those scoring at home.Analysts had been expecting earnings of 98 cents per share on revenue of $13.42 billion. The shares had been falling early in the month, with traders betting the trade war would begin to bite. And despite strong earnings and management showing that BABA has little to fear from the trade war, Alibaba stock has fallen again to just above $160.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks to Buy That Are Also Perfect for Retirement However, I don't believe this changes the underlying narrative on BABA stock. This is still a long-term growth story of company largely immune to trade tensions -- even if the stock itself isn't always. What Trade War?The report highlighted how despite all of the talk, many companies on both sides of the Pacific just aren't being heavily hit by the trade war. For now at least, it's business as usual.The Alibaba report noted that the company has now enabled delivery of Starbucks (NASDAQ:SBUX) products from 2,100 stores in China and helped drive new Starbucks Rewards memberships through its online stores. Starbucks is facing new competition from Blackrock (NYSE:BLK) financed Luckin Coffee, which is preparing to raise $500 million to expand its own network of over 2,000 kiosks. If consumers in China were taking the trade talk seriously, they might be abandoning the American brand, which is easy to do.Bears had been betting that the trade war could sink BABA stock, but they have recently been outnumbered by bulls taking options the price could hit $215 per share. Why Alibaba MattersThe New York Times talked about the slowing growth of Alibaba but that's a function of big numbers being harder to move than smaller ones.Analysts are now expecting Alibaba to achieve sales of $54.5 billion during the 2020 fiscal year, and earnings of $6.56 per share, which means the current stock price is just 8.2 times sales and 26.7 times next year's earnings, both modest for a high-growth company.Alibaba is increasingly a proxy for the global Chinese middle class, its shows now following Chinese overseas through a deal with Netflix (NASDAQ:NFLX). China's problems are increasingly First World problems with Alibaba founder Jack Ma, now executive chairman, as spokesman. He's pushing a 1950s "Organization Man" view of the world, telling people to work 72-hour weeks with his mantra of "996." He recently made even more controversial comments as an inappropriate play on this idea.Alibaba is also a bet on the power of the cloud to change the world's economic geography. Unlike Amazon (NASDAQ:AMZN), which mainly re-sells cloud infrastructure, or Microsoft (NASDAQ:MSFT), which sells business applications from clients, Alibaba is focused on selling its own trade applications, and pushing its own payment network, Alipay, through global alliances.Alibaba is also selling its brand, and this may be the most potent threat to American power, even more important than China's military or its "Belt and Road" initiative. Alibaba is now opening its AliExpress market to sell goods from outside China, after Amazon shuttered its Chinese store.The Alibaba brand is now worth $131 billion according to Brandz, second only to Amazon, which has a value of $313 billion. By way of contrast rival JD.Com (NASDAQ:JD) is said to be worth just $20 billion. The Bottom Line for BABA StockI got off the Alibaba train in February, with the stock at $167 per share. It may be time to climb back on board despite the recent volatility. * 7 ETFs for Healthy Healthcare REITs Certainly, China has problems, especially debt problems. But the U.S. also has debt problems. World trade is not declining despite the efforts of global leaders. Alibaba and Amazon look set to be prime beneficiaries.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post BABA Stock Earnings Blast Away the Bears and Quell Trade-War Fears appeared first on InvestorPlace.