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Stock Market & Financial Investment News

News Breaks
February 21, 2014
07:26 EDTSBUX, CMCSA, MCDNBC's private Starbucks cups not allowed outside its Olympic offices, WSJ says
In Sochi, Russia, McDonald's (MCD) is the sponsor designated to serve its McCafes branded coffee at the Winter Olympic games but that didn't stop NBC (CMCSA) from having what was a secret Starbucks (SBUX) in its Olympic compound, reports the Wall Street Journal. Until now. Starbucks cups are no longer allowed outside NBC's offices there. Reference Link
News For CMCSA;SBUX;MCD From The Last 14 Days
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December 9, 2014
15:03 EDTCMCSADiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTCMCSADiscovery, Hulu announce new distribution agreement
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09:38 EDTMCDActive equity options trading
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06:48 EDTCMCSAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:25 EDTCMCSAComcast, USA Network trialing 'Playing House' on-demand , WSJ reports
Comcast (CMCSA) is planning to make new episodes of the sitcom "Playing House" available first on its on-demand service and air them on the USA Network the following week, The Wall Street Journal reports. Reference Link
December 8, 2014
16:24 EDTMCDOn The Fly: Closing Wrap
Stocks on Wall Street were lower amid another drop in crude oil prices, which tumbled to five-year lows. The market opened slightly lower following weaker than expected data from China and Japan, with nothing of note on the domestic calendar to get buyers involved in the day’s activity. Near noon, the averages gained downside momentum and though the market pared its losses several times, it was never able to gain any steam to pull the indexes back into the green. ECONOMIC EVENTS: In the U.S., no major economic data was released. In Asia, Chinese exports rose 4.7% from a year earlier in November, which missed the consensus estimate for an 8% increase. Chinese imports fell 6.7% from the prior year last month, compared with projections for a 3.8% increase. Additionally, Japan's revised third quarter gross domestic product estimate showed the economy shrank more than initially thought, with growth contracting an annualized 1.9%. COMPANY NEWS: Shares of Cubist Pharmaceuticals (CBST) surged $26.24, or 35.29%, to $100.60 after Merck (MRK) agreed to acquire the maker of next-generation antibiotics for $102 per share in cash, or $8.4B and the assumption of $1.1B in debt. A number of other antibiotic makers also climbed, including Tetraphase (TTPH), which rose $2.45, or 8.82%, to $30.24, and Cempra (CEMP), which advanced $1.64, or 11.37%, to $16.06, while shares of Merck finished fractionally higher, adding 39c, or 0.63%, to $61.88 following the deal announcement. MAJOR MOVERS: Among the notable gainers following their presentations at the American Society of Hematology, or ASH, annual meeting were Calithera Biosciences (CALA), which gained $2.38, or 22.52%, to $12.95, and Acceleron Pharma (XLRN), which jumped $5.11, or 13.6%, to $42.67. Among the noteworthy losers was McDonald's (MCD), which fell $3.70, or 3.84%, to $92.61 after the Dow member reported a 2.2% decline in global same-restaurant sales in November. Additionally, the fast-food giant warned that its fourth quarter results would be hurt by its sales pressures, supplier issues in China and a stronger U.S. dollar. Also lower were shares of Liquidity Services (LQDT), which plunged $2.77, or 27.0%, to $7.49 after the company disclosed that Wal-Mart (WMT) had terminated a deal to provide it with surplus merchandise. INDEXES: The Dow fell 106.31, or 0.59%, to 17,852.48, the Nasdaq dropped 40.06, or 0.84%, to 4,740.69, and the S&P 500 slipped 15.06, or 0.73%, to 2,060.31.
14:36 EDTCMCSATime Warner Cable CEO reports strong trends in October, November, says UBS
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12:40 EDTMCDOn The Fly: Midday Wrap
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10:08 EDTMCDMcDonald's falls on weak November sales, levels to watch
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09:48 EDTMCDMarket begins lower, averages turns mixed in early trade
Stock futures trade below fair value throughout the pre-market trading session, leading to a lower open for the broader market. The Dow finished last week at an all-time high and just slightly below its next milestone level of 18,000, but it continues to be weighed on during early trading from McDonald's (MCD), which is down over 3% following its November sales report. In early trading, the Dow is down 17 points, the Nasdaq is up 7 points and the S&P is down 1 point.
09:38 EDTMCDMcDonald's sees Q4 margins 'significantly pressured' by top-line performance
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09:20 EDTMCDOn The Fly: Pre-market Movers
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07:59 EDTMCDMcDonald's reports November global comparable sales decreased 2.2%
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07:52 EDTSBUXStarbucks price target raised to $97 from $88 at Jefferies
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06:47 EDTSBUXStarbucks coverage resumed with a Conviction Buy at Goldman
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06:42 EDTMCDMcDonald's coverage resumed with a Neutral at Goldman
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December 5, 2014
16:52 EDTSBUXDow just below 18K as market finishes week with gains
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12:13 EDTSBUXStarbucks hits 52-week high after analysts applaud five-year plan
Shares of Starbucks (SBUX) are climbing after a number of analysts were upbeat about the company's long-term guidance, which it announced yesterday. WHAT'S NEW: After Starbucks yesterday estimated that its revenue would approach $30B in fiscal 2019, up from $16B in fiscal 2014, research firm Piper Jaffray analyst Nicole Regan wrote in a note to investors today that the stock could more than double within four years. The depth and breadth of the plan that Starbucks unveiled yesterday in conjunction with its guidance is "particularly impressive," she contended. Regan was upbeat about the company's plans to double its U.S. food business, launch new technology initiatives, and significantly grow its store count. Following Starbucks' update, the analyst has increased confidence about its ability to generate continued top-line momentum. Regan now believes her previous forecast for the stock to double within five years could be conservative. The analyst reiterated a $100 price target and Overweight rating on the shares. Meanwhile, JPMorgan analyst John Ivankoe was impressed by the company's store expansion plans, sales driving initiatives, and margin enhancing measures, he wrote in a note to investors today. The company looks poised to increase its profits 15%-20% through 2016, and arguably through 2019 as well, Ivankoe stated. Starbucks is a classic, long-term core growth stock, added the analyst, who raised his price target on the name to $89 from $82 and kept an Overweight rating on the shares. PRICE ACTION: In early afternoon trading, Starbucks gained nearly 3% to $83.58. Earlier, the stock set a new 52-week high of $83.92.
07:32 EDTSBUXStarbucks price target raised to $89 from $82 at JPMorgan
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06:53 EDTSBUXPiper sees Starbucks shares doubling within four years
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