63.77 0.00 (0.00%)
Pre-Market: 8:00AM EST
|Bid||63.41 x 1800|
|Ask||63.74 x 800|
|Day's Range||63.75 - 64.82|
|52 Week Range||47.37 - 68.98|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||19.68|
|Earnings Date||Jan 24, 2019|
|Forward Dividend & Yield||1.44 (2.24%)|
|1y Target Est||68.44|
Luckin Coffee, a Chinese startup that’s banking on selling cappuccinos to on-the-go office workers, is spending millions of dollars a year opening outlets to unseat Starbucks Corp. as the top java seller in the country. “China is Starbucks’ best and most profitable market now, but it took them nine years of making huge losses,’’ said Chief Strategy Officer Reinout Schakel in an interview in Beijing this week.
Delta wants to be more than an airline. It wants to be a consumer brand, and it is mainly doing so by significantly improving its onboard experience and upcharging customers looking for better seats or extra legroom.
The steep economic slowdown in China has become cause for major concern among stock investors who own U.S. companies that derive significant revenue from that market. As the corporate earnings reporting season gets underway, this may weigh heavily on many companies' financial results -- just as it did on Apple Inc. (AAPL), when it issued gloomy forecasts based on lowered expectations in China. “My guess is, what Apple did will be the blueprint for many other companies,” says Joe LaVorgna, chief economist for the Americas at Paris-based investment banking and asset management firm Natixis, per a story in The Wall Street Journal.
# Starbucks Corp ### NASDAQ/NGS:SBUX View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for SBUX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. ETFs that hold SBUX had net inflows of $15.57 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Dynavax Technologies Corporation (NASDAQ: DVAX ) is too low to sell, but he doesn't have a catalyst. Instead of ArcelorMittal SA (NYSE: ...
When Apple Inc. said China’s slowing economy contributed to its late-year sales slump, the news rattled the stocks of other major U.S. companies with big operations in the world’s second-largest economy. Now, as U.S. companies prepare to report their quarterly earnings, China’s impact will be revealed. The amount of damage is likely to depend on such factors as who the company’s customers are and how much competition it faces in China.
It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Starbucks Corp. SBUX : "I think that Starbucks got hit by a downgrade last week by Goldman [Sachs GS ] and it was very chilling, and yet I think that [CEO] Kevin Johnson pretty much acquitted himself well. ArcelorMittal SA MT-NL : "The only steel company I'm recommending is Nucor NUE , NUE.
CEO Tim Cook has talked up the company's non-iPhone divisions in an effort to restore investor confidence. Still, Apple's services unit could be headed for a slowdown in Q4. But does this mean investors should run away from Apple stock?
"I don’t think I’m the only person looking at this market, or talking about this market," says this businessman. "To me, it’s fascinating … you've got to be intrigued by what’s happened here in the last five years."
If you're following the news, you would think the biggest story facing Amazon.com (NASDAQ: AMZN) these days would be the pending divorce of company founder Jeff Bezos. But you'd be wrong. As market pundits and the tabloids debate what will happen to Bezos' billions, AMZN keeps on keeping on. And its latest product launch now puts on of its best future money-making ideas on the road. We're talking about Alexa and your automobile. As the focus has been on divorce, Amazon has quietly begun securing new deals and shipping new devices designed to take it's A.I. assistant on the road. Already the dominant force in your home, Alexa will now be dominate force wherever you go. That fact will lead to even more revenues for the Amazon machine. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For investors, it's just another reason why AMZN stock continues to be in a league of its own and is a big buy for long-term shareholders. ### Amazon Hits The Road Alexa has a lot of fans. According to Amazon SVP of devices and services, Dave Limp, the firm has sold more than 100 million devices with its A.I. assistant installed. That's a big deal as Alexa has the potential to be a huge moneymaker through sponsored ads and premium content contained within so-called skills. It'll collect some hefty fees from these millions of devices as these initiatives take off. * 7 Stocks to Buy That Are Run By Billionaires The problem is, once you walk out the door, AMZN can't really influence you via ads or push you into making a purchase. Well, that's about to change. That's because Alexa is coming to your morning commute. Over the summer, Amazon announced a slate of new devices that use Alexa. Tucked within the laughable microwaves and wall clocks was a small device designed to go inside your automobile -- the Echo Auto. It turns out, AMZN has another runaway hit on its hands. The device still remains an "invite-only" item. However, over one million of these devices have already been sold and recently began shipping at the end of December. In addition to its own branded devices, Amazon has begun selling several third-party auto-focused Alexa products. Amazon recently announced that it partnered with Pioneer to add its Alexa A.I. to new aftermarket stereo systems, while specialist Garmin (NASDAQ:GRMN) now offers several GPS and smart speakers with Alexa capabilities. Anker's Alexa-enabled Roav Viva plugs directly into your cigarette lighter and functions nearly identically to the Echo in your house. ### Amazon Makes Some Big Auto Deals However, Amazon isn't just taking the roadshow to older cars via the aftermarket. It's making deals to get Alexa inside newer autos as well. The firm has already partnered with Toyota (NYSE:TM), Hyundai, BMW, Ford (NYSE:F), and Audi to get Alexa into their car's infotainment/navigation decks on newer models. At the same time, Alexa maybe coming to every auto in the near future. Amazon announced a big deal with HERE Technologies at CES to help develop a "voice-first" in-vehicle navigation system. HERE's Open Location Platform (OLP) uses data from several car manufacturers to provide insights into real-time location and traffic. With it, users get real-time traffic information parking congestion, weather, live fuel prices, and now even EV charging stations. The reason why the HERE deal is a big one is that the software has already been installed in roughly 100 million vehicles. Amazon signed a similar deal with TeleNav (NASDAQ:TNAV) to add Alexa to its in-car navigation systems. ### Get Ready For A Big Auto Revenue Boost at Amazon As you can see, Amazon as already overtaken our homes and is quickly moving to overtake our vehicles as well. For shareholders, that's a great thing. Like before, the name of the game is selling sponsored ads and skills within the Alexa platform. And it should be able to do that easily. For example, the HERE partnership opens up an interesting and natural way to make money from directions. Right now, a GPS unit will tell you to "Turn left on Allen Street." But when you're naturally talking to a friend, those directions often include landmarks. "Turn left on Allen Street" becomes "Turn left on Allen Street. Right after you see the Starbucks." Naturally, Starbucks (NASDAQ:SBUX) would send Amazon a check in order to get its name into the directions. The beauty is, the speech makes it natural and we don't feel like we are being advertised to. At the same time, Amazon will be able to translate some of its digital ad mojo into the auto arena. Already, Amazon sells "sponsored ads" for certain key search terms on its website. There's no reason why it can't do that for location-based items. Search for a burger joint while driving and Alexa will gladly tell you the closest one… that happened to pay to be the top search result. Even better is that she can open the skill for the establishment and you can order it ahead of time. As a consumable, AMZN will collect another fee when you do. * 10 A-Rated Stocks the Smart Money Is Piling Into All in all, the revenue potential is vast and is just another reason why AMZN stock is a must own. Disclosure: As of the time of writing, Aaron Levitt did not hold a position in any stock mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post AMZN Stock Drives Its Way Into Your Car appeared first on InvestorPlace.
Did you hear that? That was the world's largest company, Apple (NASDAQ:AAPL), firing a warning shot about slowing growth in the world's hottest economy, China. Everyone heard the shot when it was first fired on January 2. Stocks across the board dropped. But now, less than two weeks later, everyone has seemingly forgotten about that warning shot, and stocks are in rally mode. That's fair. Stocks, by and large, are undervalued, and other risk factors are improving, such as the Fed becoming more dovish and U.S.-China trade talks progressing nicely. But, China's economy is still cooling, and that's bad news for companies with broad exposure to China, regardless of how other risk factors are playing out. One such company is retail coffee giant Starbucks (NASDAQ:SBUX). For all intents and purposes, due to dried up growth everywhere else, the Starbucks stock growth narrative is entirely centered around China. Given Apple's warning shot, that's a worrisome position to be in. Indeed, Goldman Sachs recently downgraded Starbucks stock to Neutral due to the company's broad exposure to the slowing China economy. Goldman actually warns that Starbucks could issue a warning like Apple about slowing growth in the near future. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy That Are Run By Billionaires Goldman hit the nail on the head with this downgrade. To warrant its current valuation, Starbucks stock needs everything to go right. But, because of Apple's warning, we know everything isn't going right in the most important region for the coffee giant. Thus, the current valuation seems due for compression based on weakening growth trends, and that's reason enough to stay away from Starbucks stock in the near term. ### Worrisome Exposure To China The core of the near-term bear thesis on Starbucks stock is that the company has a worrisome level of exposure to China, and that if growth in China falls apart, SBUX's long-term growth narrative will substantially weaken, causing the stock to drop meaningfully. It's not all bad news in China, though. This is still a 6%-plus growth economy. And, while Apple recently issued a big warning about slowing growth in China, Nike (NYSE:NKE) announced two weeks prior that its China business was red hot. My fear, however, is that Starbucks is on the Apple path in China, not the Nike path. Over the past several quarters, Nike's business has been heating up globally. Apple's business has been cooling. So has Starbucks' business. Thus, Nike's ability to maintain strong growth in China is more a function of outstanding operational momentum than anything else. Starbucks doesn't have that. Instead, Starbucks is more comparable to Apple in that growth is positive, but slowing from its multi-year trend. From this perspective, the present situation for Starbucks in China is most likely one defined by slowing growth. That's a big problem. Growth everywhere else is all dried up due to rising competition and saturation. Comparable sales growth in the U.S. has dropped from 5% and up a few years back, to 2% last year, with transaction volume actually down year-over-year. Europe, Middle East, and Africa comps have followed a similar trajectory, also with negative transaction volume growth last year. Thus, the SBUX growth narrative is all about China. If China falls apart, so does this growth narrative, meaning that if China numbers are weak next quarter (as they should be), then Starbucks stock will drop meaningfully. ### Valuation Has Room To Fall In relation to what is likely substantial sales pressure in China, the valuation on Starbucks stock is a tough pill to swallow. Starbucks stock trades at 24x forward earnings. That's below the stock's five-year forward multiple of 25. But, the company is also growing much less quickly today than it has over the past five years. Thus, a lower valuation is warranted. With respect to its peers, that 24 forward multiple actually seems stretched. The forward P/E multiple across the whole restaurant industry hovers right around 22. McDonald's (NYSE:MCD) trades at 22x forward earnings. Dunkin' (NYSE:DNKN) trades at 23x forward earnings. Yum (NYSE:YUM), Jack In The Box (NASDAQ:JACK), and El Pollo Loco (NASDAQ:LOCO) all trade around 18 to 23x forward earnings. Thus, relative to other mid-to-large cap restaurant names with fairly slow but stable growth, Starbucks stock still trades at a premium -- despite worrisome exposure to China. That means that if China's numbers do come in below expectations, SBUX stock could get hit by sizable valuation compression. * 10 A-Rated Stocks the Smart Money Is Piling Into ### Bottom Line on SBUX Stock Starbucks stock is a solid long-term holding given the company's staying power in a stable growth global retail coffee industry. But, at the present moment, the valuation seems overstretched with sizable operational risks on the horizon. That means the near to medium term outlook for this stock skews bearish, despite stable long term fundamentals. As of this writing, Luke Lango was long AAPL and NKE. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Apple's Warning Is a Reason to Avoid Starbucks Stock appeared first on InvestorPlace.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
LEKU, Ethiopia/LONDON, Jan 14 (Reuters) - In the verdant southern highlands of Ethiopia, coffee farmer Gafeto Gardo is thinking about calling time on an industry that has sustained families for generations. Over the past year, the amount Gafeto gets for a kilogram of coffee beans has fallen a third to 8 birr, or just 29 cents, reducing his income from a cappuccino sold in the West for $3 to $4 to under a cent. Now, a slump in global coffee prices to their lowest in nearly 13 years in September is raising questions about whether it's worth growing beans at all in some of the traditional coffee heartlands of Central America, Colombia and Ethiopia.
This weekend's Barron's cover story reveals the results of the Barron's 2019 Investment Roundtable. "Barron's 2019 Investment Roundtable, Part 1" by Lauren R. Rublin reveals that, despite their worries about debt, disruption, interest rates and trade, members of the Barron's 2019 Roundtable see a decent year ahead for stocks. Find out why Amazon.com, Inc. (NASDAQ: AMZN) and many other picks are preferred by these experts.
Restaurant investors should be be selective in their choices, as the bullish theme of the strong U.S. consumer could be offset in discretionary spending away from restaurants, according to Goldman Sachs. ...
Today, Starbucks (SBUX) celebrates the journey of coffee from seed-to-cup by opening its largest destination in Southeast Asia – the Starbucks Dewata Coffee Sanctuary. The one-of-a-kind Coffee Sanctuary demonstrates Starbucks Indonesia’s coffee leadership in partnership with licensee PT Sari Coffee Indonesia, building upon 16 years of innovation in design, customer experience and community impact.
The Dow Jones Industrial Average was trading to the downside Friday, ending the blue chip index's five-day winning streak. rose 4% to $337.60 on Friday, after an analyst at UBS raised his rating on the streaming giant to buy from neutral and lifted his price target to $410. Stocks were lower on Friday, Jan. 11, as the equity rally to begin the new year failed to materialize for a sixth day despite a dovish message from the chairman of the Federal Reserve and amid renewed hopes that trade talks between the U.S. and China will deliver a near-term deal.
Starbucks stock slipped after it was downgraded by Goldman Sachs due to fears over its China business, following Apple's recent warning about China.
Our call of the day is Starbucks, after Goldman Sachs downgraded shares of the coffee chain to neutral from buy on growing China concerns. Goldman says Starbucks will be the next company to sound the alarm on sales in that region.