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Starbucks will license parts of its mobile and loyalty technology to build a new cloud-based platform for the broader restaurant industry.
PayPal (PYPL) is up an impressive 42.5% YTD, continuing a very strong growth trend since the company's spin-off from eBay (EBAY). Here's what investors should expect from PYPL's Q2 earnings report.
Starbucks Corp. said Monday that it will take an equity stake in Brightloom, a restaurant technology company previously called Eatsa. As part of the deal, Brightloom will license Starbucks' mobile and loyalty technology to use in its existing platform. With this upgraded platform, Brightloom aims to offer restaurant brands an all-in-one option for mobile, payments, order management, loyalty, and other functions. Brightloom has also closed a $30 million round of funding that includes Starbucks licensees Alshaya Group and Alsea, as well as Tao Capital Partners and Valor Equity Partners. Starbucks stock has gained more than 41% for the year to date while the S&P 500 index is up 19.1% for the period.
Square stock once had a great run. But now the controversial fintech is down on its luck. And Wall Street analysts are divided on it. Here's what could make Square stock a buy again.
The success of Starbucks' is a story about the magic of branding. The company became the king of coffee by commodifying coffee shop culture.
American Express (AXP) Q2 results benefit from higher spending, fees and loans spread across geographies and customer segments.
Rating Action: Moody's assigns definitive Aaa ratings to credit card asset-backed Notes issued by Penarth Master Issuer plc. Global Credit Research- 22 Jul 2019. London, 22 July 2019-- Moody's Investors ...
With earnings surprise in cards, the healthcare sector is expected to witness earnings growth of 1.7% in the second quarter, suggesting continued outperformance for healthcare ETFs.
Starbucks' (SBUX) third-quarter fiscal 2019 results are likely to be driven by new store additions and robust performance of the China-Asia-Pacific and Americas segments.
Starbucks Corp. said Monday that it is entering a new category through its partnership with Nestlé, bringing a line of Starbucks Creamers to grocery stores across the U.S. starting in August. Starbucks Creamers will be available in three flavors: caramel macchiato, white chocolate mocha and cinnamon dolce latte. They'll also be sold at select online retailers. Mintel data shows that the creamer category in the U.S. will exceed $7.8 billion by 2023. Starbucks stock has gained 41.2% in 2019 while the S&P 500 index is up 19% for the period.
Bernstein analyst Harshita Rawat expects that PayPal Holdings Inc. will report "one of the messiest quarters" in recent memory "given many moving pieces around volume growth, Venmo monetization, pricing actions, credit divestiture impact, [foreign exchange], gains on investments, recent M&A & eBay ." Still, she expects that the company will top expectations, though the current consensus forecast doesn't account for recent disclosures around investment benefits. PayPal said recently that it expects 13 cents of earnings impact beyond what it previously forecast related to its investments. The FactSet consensus models 69 cents in June-quarter adjusted earnings per share, while Rawat forecasts 84 cents. She rates the stock at market perform but raised her target price to $110 from $105. PayPal shares are up 0.4% in Monday morning trading, and they've risen 42% so far this year as the S&P 500 has climbed 19%.
With a market capitalization of US$17b, Diamondback Energy, Inc. (NASDAQ:FANG) is a large-cap stock, which is...