LK - Luckin Coffee Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.20 (+1.08%)
At close: 4:00PM EST

18.93 +0.17 (0.91%)
After hours: 4:27PM EST

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Trade prices are not sourced from all markets
Previous Close18.56
Bid18.72 x 1100
Ask18.98 x 1100
Day's Range18.30 - 19.10
52 Week Range13.71 - 27.12
Avg. Volume2,966,792
Market Cap4.416B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateNov 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est25.61
  • Dunkin' is trying to take over the world
    Yahoo Finance

    Dunkin' is trying to take over the world

    Dunkin' may have a nice opportunity to dial up its growth overseas.

  • The Zacks Analyst Blog Highlights: BRF, Hewlett Packard, Luckin Coffee, Cronos Group and Pure Storage

    The Zacks Analyst Blog Highlights: BRF, Hewlett Packard, Luckin Coffee, Cronos Group and Pure Storage

    The Zacks Analyst Blog Highlights: BRF, Hewlett Packard, Luckin Coffee, Cronos Group and Pure Storage


    Starbucks Stock Gets a Thumbs Up From Wall Street After Earnings Report

    Despite downbeat guidance, analysts seemed happy with the report, which also included upbeat same-store sales figures and an increase in loyalty-program members.

  • 5 Top-Ranked Cheap Stocks Trading Under $20 to Buy Right Now

    5 Top-Ranked Cheap Stocks Trading Under $20 to Buy Right Now

    Today we found 5 cheap stocks currently trading for under $20 per share using our Zacks Stock Screener that investors might want to buy heading into November...

  • Starbucks earnings preview: A Nitro-powered quarter will drive U.S. same-restaurant sales

    Starbucks earnings preview: A Nitro-powered quarter will drive U.S. same-restaurant sales

    Starbucks earnings should benefit from beverage innovation, including the Nitro drink, according to analysts.

  • The Zacks Analyst Blog Highlights: Boston Beer, US Foods, e.l.f. Beauty, Grocery Outlet and Luckin Coffee

    The Zacks Analyst Blog Highlights: Boston Beer, US Foods, e.l.f. Beauty, Grocery Outlet and Luckin Coffee

    The Zacks Analyst Blog Highlights: Boston Beer, US Foods, e.l.f. Beauty, Grocery Outlet and Luckin Coffee

  • Buy These 5 Top Consumer Staples Stocks Ahead of Q3 Earnings

    Buy These 5 Top Consumer Staples Stocks Ahead of Q3 Earnings

    Adding stocks from the consumer staples basket lends more stability to portfolios in an uncertain market condition.

  • Luckin Coffee Is Making a Name for Itself With Aggressive Expansion, Tech Focus

    Luckin Coffee Is Making a Name for Itself With Aggressive Expansion, Tech Focus

    Luckin Coffee has been an on-again, off-again trading name for me. Often compared to Starbucks , which it shouldn't be, Luckin is making a name for itself with aggressive expansion and a technology focus. The reversals have made for a challenge, but shares of Luckin have been holding.

  • Options Traders Expect Huge Moves in Luckin Coffee (LK) Stock

    Options Traders Expect Huge Moves in Luckin Coffee (LK) Stock

    Investors need to pay close attention to Luckin Coffee (LK) stock based on the movements in the options market lately.

  • The Case For Shorting Facebook Stock: Expert
    Investor's Business Daily

    The Case For Shorting Facebook Stock: Expert

    Whether it's Facebook stock or Luckin Coffee stock, it's important for investors to stay disciplined with their trades.

  • Hedge Funds Have Never Been This Bullish On Luckin Coffee Inc. (LK)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Luckin Coffee Inc. (LK)

    Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]

  • GlobeNewswire

    Luckin Coffee to Announce Third Quarter 2019 Financial Results on November 13, 2019

    BEIJING, Oct. 17, 2019 -- Luckin Coffee Inc. (“Luckin Coffee” or “the Company”) (NASDAQ: LK), pioneer of a technology-driven new retail model to provide coffee and other.

  • Lockup Expirations Looming: Stocks To Focus On

    Lockup Expirations Looming: Stocks To Focus On

    Lockup Expirations Looming: Stocks To Focus On

  • Benzinga

    Luckin Coffee Strikes Juice Deal With Louis Dreyfus Co.

    Luckin Coffee Inc - ADR (NASDAQ: LK ) and Louis Dreyfus Company announced a joint venture agreement Thursday to develop a co-branded Luckin Juice business in China. A signing ceremony in Singapore was ...

  • GlobeNewswire

    Louis Dreyfus Company and Luckin Coffee to Launch Juice Joint Venture in China

    Louis Dreyfus Company (LDC) and Luckin Coffee (Luckin) have signed an agreement to establish a joint venture (JV) to develop a co-branded Luckin Juice business in China. The signing ceremony in Singapore was attended by Zhengyao Lu, Chairman of Luckin Coffee, Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Holding B.V., Ian McIntosh, CEO of LDC, and other members of senior management from the two companies.

  • UPDATE 2-China's Luckin partners with Louis Dreyfus to launch juices

    UPDATE 2-China's Luckin partners with Louis Dreyfus to launch juices

    BEIJING/PARIS, Sept 26 (Reuters) - China's Luckin Coffee Inc and International commodity merchant Louis Dreyfus Company (LDC) plan to develop a juice business, as the coffee chain expands into new drink categories in its battle with Starbucks Corp. Luckin and LDC's joint venture will produce and distribute co-branded juices and includes plans to build a bottling plant, the companies said in a statement on Thursday. As Starbucks and Luckin fight for market share in China, one of the biggest markets for coffee chains, the two companies have been expanding at a rapid pace - focusing on delivery, new products and modern stores to attract customers.

  • Now Even China's Unicorns Are Having Trouble Raising Cash

    Now Even China's Unicorns Are Having Trouble Raising Cash

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.You know it’s bad when even China’s hottest startups are having trouble raising capital.A trio of technology innovators have postponed or pulled back on fundraising this year after venture capital pools dried up -- the latest sign the country’s remarkable tech startup boom is beginning to peter out.SoftBank Group Corp.-backed Full Truck Alliance nixed plans to raise as much as $1 billion and is now focusing on its bottom line. SenseTime Group Ltd., the world’s highest-valued artificial intelligence startup, says it’s now on a “non-deal roadshow” with no funding targets, months after it’s said to have held talks to raise roughly $2 billion. And Royole Corp., first in the world to sell a flexible portable device, still needs anchor investors for a private round targeting about $1 billion that it began contemplating months ago, people familiar with the matter said.China’s tech industry has flourished over the past decade, driving one of the fastest and largest creations of wealth the world has ever seen. That boom has birthed global leaders from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to ByteDance Inc. and attracted billions from the likes of SoftBank on a scale at times surpassing the U.S.That all changed in 2019 after Washington-imposed trade curbs soured investors on the world’s No. 2 economy, suppressing deal flow. The euphoria that created more than 100 unicorns, or billion-dollar firms, is waning: just 7 Chinese unicorns have been born as of June, versus 30 in all of 2018. On the global stage, The We Co.’s calamitous float preparations and market reception have further fanned investor caution.“The speculative investment mentality that’s dominated China for the past few years has cooled right off this year,” said Michael Norris, a Shanghai-based research and strategy analyst at consultancy AgencyChina. “SoftBank’s grandiose investments offered a sense of validation to the companies, but this year the Ubers and WeWorks of the world have shown SoftBank might not have the innate ability to pick winners.”Connie Liu, a spokeswoman for Royole, declined to comment.No one’s yet predicting a dot-com bubble-style bust -- some of the more aggressive internet players like ByteDance rival Beijing Kuaishou Technology Co. remain on the hunt for capital with hefty price tags. And others, such as Alibaba-backed Megvii, remain confident they can show investors enough to get them to buy in on an initial public offering.It is clear, however, that the go-go era is winding down. Investors who just two years ago helped fuel some of the biggest cash-burning battles -- in ride-hailing, for instance -- are now demanding their portfolio companies demonstrate they can establish profitable models and strategies.The fundraising frenzy of yesteryear -- often culminating in investment led by the goliath SoftBank Vision Fund -- is subsiding. Startups in greater China have raised $32.5 billion via venture capital deals so far in 2019, versus 2018’s $111.8 billion, according to consultancy Preqin. As of mid-September, Chinese venture capital houses had raised $9.9 billion, only about a third of 2018’s $25 billion, the research house added.Many young companies are finding it hard to secure backers willing to swallow the kind of premium valuations they crave. Beyond WeWork’s well-publicized setbacks, investors are also getting skittish after watching once-celebrated Asian startups including Mogu Inc. go public at valuations below previous funding efforts.Some startups trying to avoid that calamity are resorting to alternative financing. Starbucks Corp. competitor Luckin Coffee Inc.’s shareholders pledged a certain amount of its stock to secure borrowing, according to its exchange filings. Luckin declined to comment in an emailed statement. Tesla Inc. wannabe NIO Inc. issued convertible notes to its own founder and chief executive. Companies that pledge shares for cash can only typically get 20 cents on the dollar, according to a person who has helped startups access liquidity through such means. Once freely cash-burning firms are dialing it back.But it’s the recent travails of sector-dominant startups with marquee backers that may prove most alarming to would-be Chinese tech investors.Full Truck Alliance, the country’s largest Uber-for-trucks platform, backed by SoftBank, was considering raising about $1 billion at a pre-money valuation of about $9 billion, people familiar with the matter said in October. The round, which was supposed to have closed by the end of the year, never went through as older investors refused to dilute their shares at a valuation of less than $10 billion, one of the people said. The company has since broken even as of May.SenseTime Chief Executive Officer Xu Li told Bloomberg the AI firm is hosting roadshows from time to time to help investors understand its business better -- with no intention of filling its coffers.”If we want to do an IPO, we must have a very clear business model,” Xu said.\--With assistance from Vlad Savov and Rachel Chang.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Edwin ChanFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • 7 of the Worst IPO Stocks in 2019

    7 of the Worst IPO Stocks in 2019

    It's been a good year for IPO stocks.The first eight months of 2019 have seen 107 IPOs priced, down about 20% from the same period last year. However, the total proceeds raised add up to $42.5 billion, 23% higher than in the first eight months of 2018.For example, SmileDirectClub, the company that provides in-home teeth straightening at a fraction of the cost, filed its preliminary prospectus Sept. 3. It expects to raise up to $1.3 billion in its IPO selling 58.5 million shares at between $19 and $22 a share, valuing the company at a jaw-dropping $3.2 billion. InvestorPlace - Stock Market News, Stock Advice & Trading TipsGenerally, it's been a seller's market, so you would think there wouldn't be any stinkers. Think again. * 7 Stocks to Buy In a Flat Market Despite a relatively healthy IPO market that's produced an average return of 33% year-to-date through Sept. 3, almost double the S&P 500, several IPOs have wet the bed. Here are what I believe are seven of the worst IPOs in 2019. The Worst IPO Stocks: The We Company (WE)Source: Mitch Hutchinson / The first of my worst IPO stocks in 2019 is The We Company, the holding company for office co-working giant WeWork, which currently has 528 locations in 111 cities across 29 countries. Its growth since opening its first location in New York City in early 2010 is mind-boggling. That's the good news. The bad news is that WeWork may never make money. "On the key question of future profitability, it is impossible to tell if WeWork's costs will continue to be double its revenues, or if the per-unit trends justify additional investment," wrote Financial Times contributor Rett Wallace Sept. 3. "Investors relying on the prospectus may have trouble telling what gets more elevated, their consciousness or their blood pressure."WeWork has yet to price its shares, but the cynicism facing this IPO suggests it will be nearly impossible for it to come out of the gate with a positive first-day return. In addition to the fact it loses money, has a nosebleed valuation and relies heavily on CEO and founder Adam Neumann, is the presence of a three-class share structure that will make it virtually impossible for institutional investors to exert any pressure on the company should it continue to lose money for an extended period. While it's not uncommon for tech companies to have a dual-class share structure in place to ensure the founder can maintain a long-term vision, a three-class share structure takes the cake. It hasn't gone public yet and already it has to be considered one of the worst IPOs of 2019. Peloton (PTON)Source: Sundry Photography / Peloton, which filed its preliminary prospectus Aug. 28, considers itself to be a technology company that happens to sell interactive fitness machines.In addition to being a technology company, it believes itself to be a media company, an interactive software company, a product design company, a social connection company, an omni-channel retail company, an apparel company and a logistics company. That's like RCI Hospitality Holdings (NASDAQ:RICK), which operates a chain of strip clubs under the name Rick's Cabaret, calling itself a tech company, because, in addition to operating nightclubs, it also operates more than a dozen websites.In a nutshell, Peloton is a company that sells fitness bikes and treadmills between $2,245 and $4.295. Also, it streams classes for these machines for a monthly subscription of $39. In fiscal 2019, it generated $719 million in revenue from the sale of fitness products and $181 million in sales from monthly subscriptions. Including $14.7 million in other revenue, fitness product sales have gone from 84% of its total revenue in fiscal 2017, to 79% in the past year with most of the gains from its monthly subscriptions.Its gross profit margin for fitness products and the monthly subscriptions are 42.9% and 42.7% respectively. However, much like Wayfair (NYSE:W), it has to spend a boatload on marketing to attract and retain customers. As a result of these acquisition costs, Peloton lost $195.6 million before tax in 2019, almost three times what it lost in 2017. * 7 Deeply Discounted Energy Stocks to Buy Just have a look at Nautilus (NYSE:NLS) to understand the risks of investing in fitness equipment. You're far better to invest in Apple (NASDAQ:AAPL) and ride its growth in wearables. Peloton is most likely going to be a dud. Luckin Coffee (LK)Source: Keitma / Luckin Coffee (NASDAQ:LK) is China's fastest-growing coffee chain in terms of the number of stores open and cups of coffee sold. It went public May 16 at $17 a share, generating a 19.9% first-day return. Since then, LK stock has gone sideways. They say that you can often pick up an IPO stock for less than its initial pricing within 12-24 months. I have no doubt Luckin is in that category. It's been terribly over-hyped. In mid-August, Luckin reported its first earnings report as a public company. Its results were much worse than expected, sending its stock down by more than 15%.How bad were its second-quarter 2019 results?Luckin was expected to lose 43 cents per share. It lost 48 cents or $49.6 million on $132.4 million in revenue. That means it loses 37 cents for every dollar in sales. In April, Starbucks (NASDAQ:SBUX) CEO Kevin Johnson called Luckin's heavy discounting "unsustainable."Furthermore, while Luckin has only been in business for two years in China, Starbucks has been operating there for the past 20 years and has almost 4,000 stores. As Starbucks plays the long game in China, it has both the experience and financial wherewithal to wait out Luckin. Luckin's IPO is an example of how alluring China is to North American investors. Eventually, that's going to come back to haunt them. Wanda Sports Group (WSG)Source: Juan Carlos Alonso Lopez / If you're a triathlete, you've probably familiar with China-based Wanda Sports Group (NASDAQ:WSG), a global sports events, media and marketing platform that owns the Ironman triathlon brand.In late July, WSG went public at $8 a share, raising $190 million by selling 23.8 million shares of its stock. Its stock lost 35.5% on its first day of trading and it's flatlined ever since. WSG is a spinoff of Dalian Wanda Group, the privately held holding company of Chinese billionaire Wang Jianlin, who also owns a controlling interest in AMC Entertainment (NYSE:AMC). Jianlin initially thought Wanda Sports could raise more than $500 million from its IPO. Unfortunately, WSG went public below its IPO target price of $9-$11. Chinese IPOs, in general, have done poorly in 2019. As of the end of July, 11 of the 18 Chinese IPOs this year were trading below their IPO price. WSG is one of those 11. * 7 Best Tech Stocks to Buy Right Now Unlike many IPOs in 2019, Wanda Sports makes money. In 2018, it earned $61.9 million in net income from $1.3 billion in revenue. That's a net margin of just 4.8%, not much better than a grocery store chain. If you are a triathlon athlete, it's probably better to invest in yourself and not the owners of the Ironman. You'll be better for it. Greenlane Holdings (GNLN)Source: Shutterstock Greenlane Holdings (NASDAQ:GNLN) is a leading distributor of vaporization products and consumption accessories in the U.S. and Canada. Its biggest claim to fame is that it distributes Juul and Pax vape pens, two of the biggest manufacturers of vaporizers in the world. That was enough to sell 6 million shares of its stock in April at $17 a share, above the high-end of its pre-IPO pricing. As a result, its stock gained 24% in its first day of trading. However, since then, it's fallen to just under $6, prompting the threat of class-action lawsuits by lawyers across the country who believe the company made several untrue statements in its IPO prospectus. In its Q2 2019 earnings report, Greenlane reported $102.9 million in revenue and a net loss of $21.0 million. On an adjusted basis, it lost $2.6 million in the first six months of the year, a significant decline from a $3.1 million gain a year earlier. On Aug. 8, Greenlane announced that it had signed a deal with Canopy Growth (NYSE:CGC) to be the exclusive distributor of the cannabis company's Storz & Bickel vaporizers.This piece of news has done nothing for Greenlane. The reality is that Greenlane's inventories are growing three times as fast as its sales, which suggests that its ties to cannabis are dubious at best. Uber (UBER)Source: NYCStock / In one of the most highly anticipated IPOs in several years, Uber (NYSE:UBER) went public in May at $45 a share, raising $8.1 billion in the process. As I write this, it is trading around $31 a share, 32% below its IPO price. Time to buy? Not by a long shot. Likely, Uber will never make money. In May, just before its IPO, I recommended that investors wait six months before buying its stock to see how it trades. Well, almost four months have passed and nothing good has happened to suggest now is the time to buy. In its first quarter as a public company, Uber reported a GAAP loss of $5.24 billion with about $3.9 billion due to share-based compensation. On a non-GAAP basis, the ride-hailing app's adjusted earnings before interest, taxes, debt and amortization (EBIDTA) loss in Q2 2019 was $656 million, 125% higher than a year earlier. Not quite as bad as $5.24 billion, but still a massive loss for a single quarter. That's especially true when you consider that Uber can do very little to ward off the competition."If I look down at my phone I've literally got six ride-hailing apps on there, and five bike-sharing apps, and drivers are the same -- they'll just go with whoever is busy or wherever they can get the peak pricing," said Aaron Shields, executive strategy director at FITCH, a retail brand consultancy. "The competitors on the market are taking advantage of switching costs -- they're dividing up a market and making it more saturated." * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Every time Uber and the rest of the ride-hailing apps does something to reduce costs, growth slows, which makes its business model a big loser. Levi Strauss (LEVI)Source: Davdeka / As of Sept. 3, Levi Strauss' (NYSE:LEVI) shares had lost 0.2% from its IPO price of $17. What makes this so egregious is that LEVI stock gained 32% in its first day of trading, which means it's lost $228 million of its market cap in the last five months. In March, before its IPO, I gave InvestorPlace readers seven reasons why they should steer clear of Levi's stock. It appears that I was right. One of my biggest concerns was the amount of debt it carried on its books. "Assuming Levi's goes out at a valuation of $5.78 billion, the company's long-term debt of $1.1 billion will be 19% of its market cap," I wrote on March 21. "That's not a massive amount by any means considering it's got more than $700 million on its balance sheet, but I can't help but wonder why it hasn't paid down its debt over the past four years."The other big concern I had about LEVI was its lack of significant growth in Asia. In the first six months of 2019, Levi's had Asian revenues of $474.4 million, 7.1% higher than a year earlier. That accounts for just 17% of its global revenue. Now, I get that it's an iconic U.S. brand, but there are plenty of American brands growing faster in Asia. I believe that the Haas family picked an ideal time to go public for a company whose best days may or may not be ahead of it. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 7 of the Worst IPO Stocks in 2019 appeared first on InvestorPlace.

  • 3 Big Reasons I’m Worried Starbucks Stock Is About to Go Cold

    3 Big Reasons I’m Worried Starbucks Stock Is About to Go Cold

    Shares of coffee retail giant Starbucks (NASDAQ:SBUX) have been on fire over the past year, rising nearly 80% over that stretch versus a mere 3% gain for the S&P 500.Source: monticello / Ostensibly, the huge rally in SBUX stock makes sense. After a multi-year stretch from 2015 to 2018 wherein competition flattened out SBUX's growth trajectory, the coffee retail giant has since regained its groove, and is now consistently topping Street estimates on the only metric that matters in the retail world -- comparable sales.As comparable sales growth has consistently topped analyst expectations over the past year, SBUX stock has taken off like a rocket ship.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt first glance, it makes a ton of sense. But, upon closer inspection, there are some red flags which make me worried that the big rally in Starbucks stock may be on its last legs. * 10 Stocks to Buy for September What are those red flags? Let's take a closer look. The Fundamentals Appear StretchedThe first big red flag on SBUX stock near $100 is that the fundamentals appear stretched.Everyone is celebrating the fact that management issued guidance which calls for Starbucks to be a 3-4% comparable sales grower and 10%-plus profit grower over the next several years. Sure, those are great growth projections. But over the past five years, Starbucks has averaged 5% comparable sales growth on profit growth that was largely above 15%, and often above 20%.During that stretch from 2013 to 2018, SBUX stock traded around 25-times forward earnings. Today, SBUX stock trades at 30-times forward earnings.See the disconnect? Starbucks projects to grow materially slower over the next several years, than it has over the past several years, yet Starbucks stock is trading at a 20% richer valuation than it has over the past five years.That doesn't make much sense. Indeed, history says a 30-times forward multiple just doesn't work for Starbucks stock. The last (and only time in the past decade) that this stock had a 30-times forward multiple was in 2015. In 2016, SBUX stock dropped more than 7%, while the S&P 500 was up more than 10%. The Optics Could Get Ugly In A HurryThe second big red flag on SBUX stock is that, while the optics remain good today, they could get ugly in a hurry.Right now, everything looks good for Starbucks. Traffic growth has come back into the picture. Comparable sales growth is stabilizing. The China growth narrative appears healthy. Margins are stable. The technology and delivery integrations are working.But I'm worried that all those positives could turn into negatives in a hurry.Positive traffic growth? It could turn negative given that indie coffee shops are still rapidly expanding and McDonald's (NYSE:MCD) is being relentless in its breakfast snack and drink menu expansion. Stabilizing comps? They could decelerate again if traffic growth flips back into negative territory from competition. Healthy China growth? Luckin Coffee (NYSE:LK) is growing very quickly in China, and will only become a bigger threat to the Starbucks China growth narrative over time. Stable margins? Competition could erode pricing power, forcing Starbucks to cut prices to drive traffic, which will weigh on margins.Overall, I see very real and sizable risks on the horizon which could turn today's favorable optics into unfavorable optics rather quickly. The Technicals Imply A TopThe third big red flag on SBUX stock is that the long-term technicals imply that the stock could be peaking here and now. Click to EnlargeSee the attached chart. For the most part, Starbucks has traded within very well defined bands dating back more than thirty years. Breaks above the upper band are solid medium-term selling opportunities. Breaks below the lower band are solid medium-term buying opportunities.Right now, SBUX stock is breaking above the upper band of this trading range. If it continues to rally, it will break a trading pattern which has held true for over three decades. As such, I don't think it will continue to rally, and am worried that the next move in Starbucks stock could be significantly lower. Bottom Line on SBUX StockIt seems everyone loves Starbucks stock right now. But, when I see everyone falling in love with Starbucks stock, I am reminded of the age old Wall Street adage -- stocks advance on a wall of worry, and decline on a slope of hope. * 7 Industrial Stocks to Buy for a Strong U.S. Economy That adage doesn't always ring true. But, in this case, I think it will. There are enough red flags on SBUX stock here to warrant staying away from this red hot stock for the foreseeable future.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 3 Big Reasons I'm Worried Starbucks Stock Is About to Go Cold appeared first on InvestorPlace.

  • Here are the innovations rewriting the language of money

    Here are the innovations rewriting the language of money

    There is no universal language of money. Our financial system is more a Tower of Babel, built in conflicting dialects that cause unnecessary friction and confusion. But, like languages, money evolves, continuously reshaped by a mixing of cultures and by new technologies and ideas. Here are the Best New Ideas in Money.

  • MarketWatch

    Luckin Coffee to launch Luckin Tea as independent brand

    Luckin Coffee Inc. said Tuesday it is planning to launch Luckin Tea as an independent brand, along with a pilot program that would expand its retail partnership model to recruit partners across the globe. The Chinese coffee-shop chain and competitor for Starbucks Inc., which went public in May, said Luckin Tea has enjoyed strong demand since it was launched in April. "To further capitalize on the opportunity in the freshly-brewed tea market, we are strategically launching Luckin Tea as an independent and complementary brand and rolling out the store footprint nationwide," Luckin Chief Operating Officer Jian Liu said in a statement. "We will continue to maintain the high growth of the coffee business, while taking the tea drinks as another important driver to further explore the breadth and depth of the market." Shares fell 1.2% premarket but have gained 2.2% in the last three months, while the S&P 500 has gained 6.6%.

  • GlobeNewswire

    Luckin Coffee Inc. Announces Launch of Luckin Tea as Independent Brand and Pilots Innovative Retail Partnership Model

    Luckin Coffee Inc. (“Luckin Coffee” or “the Company”) (LK) today announced the launch of Luckin Tea as an independent brand and its brand ambassador Zhan XIAO, as well as a pilot program for its pioneering Retail Partnership model to recruit partners nationwide. “We have experienced strong growth of our Luckin Tea series since the initial launch in April 2019, which is far beyond company’s expectations,” said Mr. Jian LIU, Chief Operating Officer of Luckin Coffee. The Company expects, according to Mr. Jian LIU, both Luckin Tea and Luckin Coffee stores to function in highly complementary roles.

  • Arrowhead Pharmaceuticals and three other stocks to watch

    Arrowhead Pharmaceuticals and three other stocks to watch

    The company announced its treatment for hepatitis B is being investigated in Janssen Pharmaceuticals’ Phase 2b study. The stock has been in a beautiful up-channel this year, doubling since the start of May, and the rising channel top points to $39 next. Luckin Coffee Inc. (LK) popped $1.55, or 8%, to $21.03 on 3.6 million shares on no news reported by the company.