|Bid||94.61 x 800|
|Ask||94.80 x 1300|
|Day's Range||94.39 - 97.10|
|52 Week Range||52.45 - 99.72|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||33.86|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||1.44 (1.51%)|
|1y Target Est||95.52|
Starbucks (SBUX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Wall Street is getting hit hard on Friday after China announced overnight a new batch of trade tariffs on U.S. imports.President Donald Trump wasted no time responding, hinting on Twitter (NYSE:TWTR) that he is preparing to take action to stop the U.S. dollar's rise to record highs. He added additional criticism at the Federal Reserve as well, who he believes is contributing to the problem with a reluctance to cut interest rates further. * 7 Retail Stocks to Buy on the Dip As a reminder, China responded to Trump's last salvo of import tariffs with an aggressive weakening of their currency -- which then caused the U.S. Treasury to label the country a currency manipulator. Stocks fell hard and fast this morning in response to all this. Here are four that are among the worst affected:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alibaba (BABA)Alibaba (NYSE:BABA), China's version of Amazon (NASDAQ:AMZN) is down nearly 4% as I write this to cut back below its 200-day and 50-day moving averages. This after stalling out near the prior high set in late July. Shares have been in a long sideways pattern since the trade war kicked off in late 2017 and look likely to revisit the late 2018 lows near $130 -- which would be worth a loss of more than 20% from here.The company will next report results on Nov. 1 before the bell. Analysts are looking for earnings of $10.64 per share. When the company last reported on Aug. 15, earnings of $12.55 beat estimates by $2.09 on a 42% rise in revenues. Luckin Coffee (LK)Luckin (NASDAQ:LK), which is China's take on Starbucks (NASDAQ:SBUX) with a heavy emphasis on preordering and lower prices, looks set to return to its post-IPO lows as the trade war creates a drag on Chinese consumers. The company has no clear path to profitability despite impressive revenue growth as it aggressively expands its store base. Higher prices are likely needed, which undercuts the reason people are visiting in the first place. * 10 Marijuana Stocks That Could See 100% Gains, If Not More The company will next report results on Nov. 14 before the bell. Analysts are looking for a loss of 48 cents per share on revenues of $206.9 million. When the company last reported on Aug. 14, a loss of 48 cents per share missed estimates by three cents. JD.com (JD)Chinese online retailer JD.com (NASDAQ:JD) has stalled out near triple-top resistance around the $32-a-share level. Watch for another test of the 200-day average leading to a violation that could well give way to a retest of the late 2018 lows near $20. Such a move would be worth a loss of roughly a third from here.The company will next report results on Nov. 19 before the bell. Analysts are looking for earnings of $1.18 per share on revenues of $128.1 billion. When the company last reported on Aug.13 earnings of $2.30 beat estimates by $1.76 on a 22.9% rise in revenues. Petrochina (PTR)Shares of China's large energy conglomerate, Petrochina (NYSE:PTR), are in deepening trouble, falling to fresh lows today to cap a 40%+ decline off of the highs set in 2018. This violates the early 2016 lows and returns prices to levels not seen since 2009 as the last bear market was bottoming.Hayman Capital investor Kyle Bass railed against the company on Twitter this week, wondering why the U.S. Securities and Exchange Commission allows the company to be U.S.-listed when it owns the Pacific Bravo tanker, which is carrying Iranian oil against sanctions.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post 4 China Stocks Getting Slammed as Trump Wages Currency War appeared first on InvestorPlace.
Morgan Stanley thinks several companies should benefit from a rise in the population of single women, as women are generally working and earning more.
An analysis of S&P; 500 companies that have hired a new CEO suggests that on average, stock price outperformance vs. the index is minimal. But some do shine.
Starbucks Corporation today announced that Patrick Grismer, chief financial officer, will present at Goldman Sachs 26th Annual Global Retailing Conference in New York on Wednesday, September 4, 2019 at 8:05 a.m.
Starbucks is releasing its pumpkin spice lattes earlier than ever next week. Dunkin’ already dropped theirs.
Bill Ackman’s Pershing Square Holdings is having a stellar 2019. It's seen a year-to-date gain of 48.9% as per its letter to shareholders.
The ratings on the P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.3% of the current pooled balance, compared to 5.1% at Moody's last review. Moody's base expected loss plus realized losses is now 4.2% of the original pooled balance, compared to 5.0% at the last review.
(Bloomberg) -- Apple Inc.’s 13 billion-euro ($14.4 billion) battle with the European Union reaches the bloc’s courts next month in a hearing set to throw the spotlight on antitrust commissioner Margrethe Vestager’s crackdown on tax deals doled out to big companies.The EU’s General Court, its second-highest tribunal, will hear arguments in the challenges by the iPhone maker and Ireland over two days set for Sept. 17-18. The U.S. last year lost a bid to intervene in the case in support of Apple.The European Commission in August 2016 ordered Ireland to recoup the record sum plus interest, saying the world’s richest company was handed an unfair advantage. The EU decision reverberated across the Atlantic, triggering criticism from the U.S. Treasury that the EU was making itself a "supra-national tax authority" that could threaten global tax reform efforts.The Irish government said in an email it “profoundly disagrees” with the EU’s decision and “is engaging fully with the process and ensuring the best presentation of the state’s position.” The commission in Brussels declined to comment.Apple didn’t immediately respond to requests for comment.Appeals over tax cases have been piling up at the EU’s courts since 2015, when the commission issued its first orders against Luxembourg and the Netherlands to recoup unpaid taxes from a Fiat Chrysler Automobiles NV unit and Starbucks Corp. respectively.The court heard arguments in both cases last year with rulings yet to come. A first ruling in the series of decisions by EU antitrust chief Vestager ended in a setback in February for the EU when Belgium won a bid to overturn an order to recoup about 800 million euros from 35 companies, including Anheuser-Busch InBev NV.(Updates with EU response in fourth paragraph.)\--With assistance from Peter Flanagan.To contact the reporter on this story: Stephanie Bodoni in Luxembourg at email@example.comTo contact the editors responsible for this story: Anthony Aarons at firstname.lastname@example.org, Peter Chapman, Christopher ElserFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dunkin' Brands is IBD Stock Of The Day. It's testing a buy point, with a tasty chart offset by so-so earnings. Starbucks and other restaurants are stock market leaders.
Luckin Coffee reported second-quarter results and the company is "very happy" with its performance, Shakel said on CNBC. The company looks to separate itself from rival Starbucks Corporation (NASDAQ: SBUX) by not only selling beverages at around half the cost but prioritizing takeaway and delivery, he said. Luckin is guiding investors to hit store-level break-even profit as soon as the third quarter 2019, he said.
According to the regulatory filing from Bill Ackman’s Pershing Square Capital, the fund has taken a new stake in Berkshire Hathaway (BRK.B).
(Bloomberg) -- Luckin Coffee Inc., the chain trying to take on Starbucks Corp. in China, plunged the most since its U.S. trading debut in May after it issued earnings for the first time as a public company.Luckin, which is based in China and listed in the U.S, said it was taking a hit from trade tensions and the slowing Chinese economy as it races to open stores and burns cash to build market share in China’s nascent coffee market.The shares sank 17% to $20.44 in New York on Wednesday. The shares were up 44% from the $17-a-share initial public offering price through Tuesday’s close.Despite the share plunge, which came on a day when global recession fears were weighing down markets, Luckin is on track to start breaking even at its individual locations this year, according to Chief Financial Officer Reinout Schakel. He added that the company could benefit from its lower prices if trade tensions and the weakening Chinese economy continue to hit consumers.“With the proposition we have around affordability, we’re well-positioned to weather that storm,” Schakel said in an interview.Luckin posted a net loss of 681.3 million yuan ($97 million). Revenue was 909.1 million yuan, compared with analysts’ estimates of 909 million.It is seeking to overtake Starbucks in China by opening more stores in two years than the industry giant has in 20 years. Investors have questioned the Xiamen, China-based company’s strategy of sacrificing profits to lure new customers with discounts when the Chinese economy is growing at its slowest pace in three decades, while a prolonged U.S.-China trade war damps consumer confidence.Starbucks’s IPO-Bound China Rival Wants to Re-Invent Coffee GameChina is becoming an increasingly important market for coffee retailers as the country’s middle-class tea drinkers develop a taste for java. Luckin has an uphill battle, as it claimed only 2.1% of the market last year, while Starbucks has more than a 50% share and also plans to continue its rapid expansion by opening one store every 15 hours.Luckin’s store count may be on track to overtake Starbucks this year, but the vast majority of its outlets are kiosks for delivery and takeaway, unlike the plush hang-out spaces at Starbucks.(Updates with closing share price. Previous version corrected to show figures in sixth paragraph are net loss rather than operating loss)To contact the reporters on this story: Jeff Sutherland in Tokyo at email@example.com;Craig Giammona in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Rachel Chang at email@example.com, Anne Riley MoffatFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Luckin Coffee earnings were mixed for Q2, the first quarterly report for the Starbucks rival in China since its May IPO. Luckin Coffee stock fell.
Luckin Coffee (LK) is a fast-growing Chinese coffee chain. It was founded two years ago, and since then, it's opened thousands of stores in China.
Shares of the Chinese coffee chain dipping following its first earnings report since its IPO. Luckin posted wider-than-expected losses as it tries to expand rapidly and serve up discounts to challenge Starbucks. Yahoo Finance's Brian Cheung joins Akiko Fujita.