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Stock Market & Financial Investment News

News For AIV;ARE;BXP;FAST;GGP;OCN;SPG;SCCO;EVER;SBUX;MNST;CVX;CP From The Last 14 Days
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July 23, 2015
16:11 EDTSBUXStarbucks, PepsiCo enter agreement for Latin America
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16:09 EDTSBUXStarbucks still sees Q4 EPS 42c-43c, consensus 43c
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16:09 EDTSBUXStarbucks sees 2015 EPS $1.57-$1.58, consensus $1.57
Total net new store openings for the fiscal year remain at 1,650. Starbucks continues to expect full year revenue growth of 16%-18%. Global comparable store sales growth remains in the mid-single digits.
16:08 EDTSBUXStarbucks reports Q3 EPS 42c, consensus 41c
Reports Q3 revenue $4.9B, consensus $4.86B. Reports global comparable store sales increased 7%, driven by a 4% increase in traffic. Americas comp sales increased 8%, driven by a 4% increase in traffic.
16:03 EDTSBUXStarbucks boosts share buyback by 50M shares
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15:05 EDTSPGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include AbbVie (ABBV), consensus $1.06... Biogen (BIIB), consensus $4.10... Simon Property Group (SPG), consensus $2.36... State Street (STT), consensus $1.37... V.F. Corp. (VFC), consensus 36c... Johnson Controls (JCI), consensus 91c... American Airlines (AAL), consensus $2.60... Rockwell Collins (COL), consensus $1.30... Cabot Oil & Gas (COG), consensus 4c... Lear (LEA), consensus $2.48... Encana (ECA), consensus (15c).
15:04 EDTSBUXNotable companies reporting after market close
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13:42 EDTSBUXStarbucks July weekly 56.5 straddle priced for 4.3% movement into Q3
12:44 EDTSBUXEarnings Watch: Starbucks sees Q3 adjusted EPS 40c-41c
Starbucks (SBUX) is scheduled to report third quarter results after the market close on Thursday, July 23, with a conference call scheduled for 5:00 pm ET. Starbucks purchases and roasts whole bean coffees and sells them, along with brewed coffees, Italian-style espresso beverages, cold blended beverages, food items, teas, and beverage-related accessories and equipment, primarily through company-operated retail stores. EXPECTATIONS: Analysts are looking for earnings per share of 41c on revenue of $4.86B, according to First Call. The consensus range for EPS is 40c-42c on revenue of $4.75B-$4.96B. In April, Starbucks forecast Q3 adjusted EPS of 40c-41c, Q4 adjusted EPS of 42c-43c, and backed its fiscal year 2015 adjusted EPS view of $1.55-$1.57, against estimates at that time for $1.57. The company also backed its FY15 revenue growth view of 16%-18%, with global comparable store sales growth of mid-single digits, consolidated tax rate of approximately 31% and capital expenditures of approximately $1.4B. LAST QUARTER: Starbucks reported second quarter EPS of 33c, in-line with analysts' estimates, on revenue of $4.6B, beating analysts' estimates of $4.53B. Starbucks said global comparable store sales increased 7%, with a 3% increase in traffic. Americas comp sales increased 7%, with a 2% increase in traffic; CAP comp sales increased 12%, driven by a 10% increase in traffic; EMEA comp sales increased 2%, driven by a 2% increase in traffic. NEWS: At May's Bernstein Annual Strategic Decisions Conference, Starbucks said mobile payments are exceeding expectations, and CEO Howard Schultz noted that "I'm not going anywhere." During the quarter, Starbucks announced plans to raise drink prices by 5c-20c and announced a music partnership with Spotify. The company said it will close all 23 La Boulange retail locations, as La Boulange stores "are not sustainable for the company's long-term growth." Starbucks Mobile Order & Pay, which began as a pilot in Portland in December 2014 and launched in the Pacific Northwest in March 2015, expanded to stores in 21 more states in the southern and central United States in June. Starbucks announced plans to join with over a dozen companies, including CVS Health (CVS), Microsoft (MSFT) and Wal-Mart (WMT), to hire 100,000 16-to-24-year-olds as part- and full-time employees, interns and apprentices by 2018. STREET RESEARCH: On the day after its last earnings report, UBS raised its price target on Starbucks shares to $57 from $48, calling it "best-in-class" due to strong momentum and promising pipeline of innovation across both product and strategic programs. BMO Capital said it expects the company to exceed expectations over the next several years, and it kept an Outperform rating on the shares. BTIG recently initiated Starbucks with a Buy rating and $64 target. PRICE ACTION: Ahead of Thursday afternoon's earnings report, shares are down 0.4% to $56.47.
10:53 EDTSBUXStarbucks technical notes ahead of earnings
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10:00 EDTAIVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ARRIS (ARRS) initiated with a Buy at Drexel Hamilton... AVG Technologies (AVG) initiated with an Overweight at JPMorgan... Aaron's (AAN) initiated with a Hold at Cantor... Aimco (AIV) initiated with a Hold at Canaccord... American Campus (ACC) initiated with a Hold at Canaccord... Antero Midstream (AM) initiated with a Buy at DA Davidson... Cheniere Energy Partners LP (CQP) initiated with a Buy at DA Davidson... CommScope (COMM) initiated with a Buy at Drexel Hamilton... Digirad Corp (DRAD) initiated with a Buy at B. Riley... Dominion Midstream (DM) initiated with a Buy at DA Davidson... Education Realty (EDR) initiated with a Buy at Canaccord... Enterprise Products (EPD) initiated with a Buy at DA Davidson... Essex Property Trust (ESS) initiated with a Hold at Canaccord... Extra Space Storage (EXR) initiated with an Outperform at Baird... Harmonic (HLIT) initiated with a Hold at Drexel Hamilton... Imprimis (IMMY) initiated with a Buy at Sterne Agee CRT... National Retail Properties (NNN) initiated with a Neutral at DA Davidson... Nutrisystem (NTRI) initiated with a Buy at Lake Street... PLC Systems Inc (PLC) initiated with a Buy at Sterne Agee CRT... PayPal (PYPL) initiated with a Neutral at UBS... Preferred Apartment (APTS) initiated with a Buy at Canaccord... Public Storage (PSA) initiated with a Neutral at Baird... Realty Income (O) initiated with a Neutral at DA Davidson... RingCentral (RNG) initiated with an Overweight at JPMorgan... SeaChange (SEAC) initiated with a Hold at Drexel Hamilton... Sovran Self Storage (SSS) initiated with an Outperform at Baird... Spectra Energy Partners (SEP) initiated with a Buy at DA Davidson... U-Store It Trust (YSI) initiated with an Outperform at Baird... Whitestone REIT (WSR) initiated with an Outperform at Baird... eBay (EBAY) initiated with an Equal Weight at Morgan Stanley.
06:43 EDTAIVAimco initiated with a Hold at Canaccord
Target $41.
06:06 EDTSBUXStarbucks teams up with Lyft to boost loyalty program
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July 22, 2015
13:36 EDTSBUXStarbucks July weekly volatility elevated into Q3 and outlook
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10:01 EDTCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
07:13 EDTCPCanadian Pacific upgraded to Buy at Canaccord
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06:41 EDTCPCanadian Pacific upgraded to Buy from Hold at Canaccord
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06:39 EDTCVXEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
July 21, 2015
17:04 EDTSBUXStarbucks and New York Times sign agreement
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11:12 EDTCPCanadian Pacific positioned for stronger 2H in intermodal space
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