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Stock Market & Financial Investment News

News For SBUX;DF;GIS;GMCR;K From The Last 14 Days
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October 30, 2014
13:43 EDTSBUXEarnings Preview: Starbucks sees Q4 adjusted EPS of 73c-75c
Starbucks (SBUX) is scheduled to report fourth quarter results after the market close on Thursday, October 30, 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 74c on revenue of $4.23B, according to First Call. The consensus range for EPS is 73c-75c on revenue of $4.18B-$4.3B. LAST QUARTER: Starbucks reported third quarter EPS of 56c on revenue of $4.2B, beating estimates for $66c and $4.14B, respectively.Starbucks said global comparable store sales increased 6%, with Americas comp growth of 6%, U.S. comp growth of 7%, EMEA comp growth of 3% and China/Asia Pacific comp growth of 7%. Looking ahead, the company forecast Q4 adjusted EPS 73c-75c and narrowed its fiscal year 2014 EPS view excluding items to $2.65-$2.67, against estimates at that time of $2.67. Starbucks sees fiscal year 2015 adjusted EPS growth of 15%-20% over FY14 and FY15 revenue growth of 10% or greater. The company sees FY15 global comparable store sales growth in the mid single digits. NEWS: On its Q3 earnings conference call, Starbucks forecast long-term annual EPS growth of 15%-20% and said its FY14 operating margin is likely to be up 200bps over FY13. During the quarter, Starbucks announced it would acquire the remaining 60.5% of Starbucks Japan for $913M; the company expects this transaction will be immediately accretive on a non-GAAP basis. Starbucks said it will introduce for the first time Mobile Order and Pay in stores within the Portland area before the end of the calendar year, which will enable customers to place orders in advance of their visit and pick them up at their selected Starbucks location. On December 5, Starbucks said it will open the interactive Starbucks Reserve Roastery and Tasting Room dedicated to roasting, coffee education and increased availability of their small-lot Starbucks Reserve coffees. The consolidation of small-batch roasting will allow the company to expand their Starbucks Reserve coffee line to 1,500 locations globally as well as open over 100 stores designed to highlight these coffees. Ken Langone, CEO of Invemed Associates, said on CNBC that he initiated a new position in Starbucks. STREET RESEARCH: Oppenheimer believes that Starbucks can meet the consensus Q4 comp sales growth outlook of 6% and beat the consensus 2015 comp sales growth outlook of 5%. The firm believes that commodity cost fears for the company are overblown. Wells Fargo expects the company's Q4 same store sales to come in at 6.3%, driven by strong traffic trends, higher prices and gains from food. PRICE ACTION: Over the last three months, Starbucks shares are down about 2.3%. Ahead of tonight's earnings report, shares are up 0.7% to $77.09.
12:42 EDTSBUXStarbucks technical notes ahead of earnings
In the past three months the shares have traded flat to down, underperforming the broader averages. The trading range in the period has been wide, with a recovery off earlier lows that brought the shares up to flat. The range has been from $71 at the low to $78 at the high. Those two extremes may help in understanding where post-earnings price reactions could go. If the news is positive, a breakout above the high of the range and close to where shares are currently trading would have resistance at $80.45 and then at $82.50, the 52-week high and life high for the stock. A bullish consideration is that on a very long term chart the price action of the last year resembles a bullish pennant pattern. A breakout above $80 would see the pattern become active and would have bullish implications for future price. Without resistance above the life-high, the $85 area could be probed. If the news disappoints, the counter-reaction could be just as strong but in the opposite direction. First support would be at $74.12 with a test of the range low at $71 next as a possible downside target. A move below $71 would void the bullish pennant.
10:18 EDTKKellogg says has taken some coverage on commodities and packaging for 2015
Says Q3 performance "mostly as expected." Says making progress on Project K. Says has taken some coverage on commodities and packaging for 2015. Sees improvement in operating profit in Q4 in North America, but sees operating profit down for the year. Sees FY14 interest expense $210M. Sees FY14 Project K costs 60c-65c per share. Comments made on the Q3 earnings conference call.
09:12 EDTKKellogg sees FY14 CapEx 4%-5% of net sales
Says essentially covered on commodities and packaging for 2014. Says making good progress supplier-financing initiative. Sees FY CapEx 4%-5% of net sales. Comments from slides that will be presented on the Q3 earnings conference call.
08:14 EDTKKellogg sees FY14 cash flow at low end of $1B-$1.1B range
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08:13 EDTKKellogg reports Q3 North America sales down 4.2% to $2.3B
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08:06 EDTKKellogg sees FY14 EPS with extra week $3.88-$3.96, consensus $3.91
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08:04 EDTSBUXStarbucks October weekly volatility elevated into Q4 and outlook
Starbucks October weekly option implied volatility is at 91, November is at 24, December is at 22, January is at 18; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q4 results after the market close on October 30.
08:02 EDTKKellogg reports Q3 EPS ex-items 94c, consensus 92c
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06:02 EDTGMCRStocks with implied volatility above IV index mean; GME GMCR
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October 29, 2014
15:41 EDTKNotable companies reporting before tomorrow's open
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10:17 EDTGMCRGreen Mountain Coffee calls active
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07:52 EDTSBUXStarbucks shares poised to outperform, says Oppenheimer
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October 27, 2014
15:39 EDTSBUXStarbucks October weekly volatility elevated into Q4 and outlook
Starbucks October weekly option implied volatility is at 39, November is at 21, December is at 20, January is at 19; compared to its 26-week average of 22 according to Track Data, suggesting large near term price movement into the expected release of Q4 results after the market close on October 30.
07:30 EDTSBUXStarbucks outlook favorable into Q4 results, says Wells Fargo
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October 23, 2014
08:12 EDTGMCRKeurig Green Mountain now exclusive manufacturer of Meijer Brand-K-Cup
Keurig Green Mountain announced that it is now the exclusive manufacturer of Meijer Brand K-Cup packs for the Keurig hot brewing system. Financial terms of the agreement were not disclosed. The new Meijer Brand K-Cup packs are now available exclusively at Meijer stores.
October 22, 2014
10:18 EDTGISBoulder Brands tumbles after lowering profit outlook
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10:09 EDTDFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
06:24 EDTDFDean Foods upgraded to Overweight from Equal Weight at Morgan Stanley
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October 17, 2014
08:03 EDTGMCRKeurig receives notification from SEC regarding closing inquiry
Keurig Green Mountain announced it has received notification from the Securities and Exchange Commission that it is closing the previously disclosed four-year inquiry into accounting and disclosure matters at the company and would not be recommending any enforcement action against the company or any of its current or former employees.
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