New User:

Forgot your password?

Stock Market & Financial Investment News

News For SBUX;EBAY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
December 1, 2015
08:50 EDTEBAYCyber Monday sales up 12% to record $2.98B, according to Adobe
Subscribe for More Information
06:59 EDTSBUXPiper remains a buyer of Starbucks with $72 price target
After speaking with management, Piper Jaffray analyst Nicole Miller Regan says Starbucks is well-positioned to continue driving strong same-store sales trends in its current Q1. The analyst is encouraged that the coffee giant has already locked in around 90% of its FY16 coffee needs. Her projections through the FY19 continue to suggest a near doubling of the company's earnings. Regan remains a buyer of Starbucks with an Overweight rating and $72 price target.
November 30, 2015
18:38 EDTEBAYChannelAdvisor says Cyber Monday SSS up 16.8% through 3 pm
In an update to its Thanksgiving sales data, market researcher ChannelAdvisor reported that Cyber Monday same-store sales were up 16.8% through 3 pm ET. Amazon (AMZN) comp sales were up 25.6% relative to last year while those of eBay (EBAY) were up 3.2%. ChannelAdvisor commented, "Historically, Cyber Monday has peaked late in the evening, [and] so far the day is accelerating." Note that ChannelAdvisor's report near noon reported overall Cyber Monday SSS up 13.3%, with Amazon and eBay showing respective comp sales growth of 22.4% and 1.9% at that time. Reference Link
14:19 EDTEBAYMastercard: Online up, department stores flat over Thanksgiving, Reuters reports
Subscribe for More Information
13:15 EDTEBAYChannelAdvisor says Cyber Monday SSS up 13.3% through noon
ChannelAdvisor reports that Cyber Monday same-store-sales are up 13.3% through noon. (AMZN) comp sales are up 22.4% relative to last year and eBay (EBAY) is up 1.9%. Reference Link
09:14 EDTEBAYAmazon 'Cyber Sunday' SSS up 20.5%, eBay SSS up 4.5%, ChannelAdvisor says
In a continuation of its series of holiday weekend updates, market researcher ChannelAdvisor said (AMZN) "Cyber Sunday" same-store sales rose 20.5% and eBay's (EBAY) SSS grew 4.5%. Google Shopping/PLA (GOOG) SSS growth came in at 23.7% for Cyber Sunday, the blog added. Reference Link
08:46 EDTEBAYAmazon SSS rose over 20% on Black Friday, Cyber Saturday, ChannelAdvisor says
ChannelAdvisor reported in blog posts over the holiday weekend that (AMZN) outperformed the 15% e-commerce growth benchmark with same-store sales estimated to grow by 20.8% on Black Friday and by 20.6% on Cyber Saturday. eBay (EBAY) SSS increased 1.5% year-over-year on Black Friday and 3.6% on Cyber Saturday, ChannelAdvisor said. Google Shopping/PLA (GOOG, GOOGL) SSS grew 40.3% on Black Friday and by 25.7% for Cyber Saturday, the blog added. Reference Link
November 27, 2015
12:55 EDTEBAYBlack Friday online spending estimated up 15% in early read, Bloomberg reports
Adobe said in an e-mailed statement to Bloomberg that early data show a 15% increase in online spending compared to last year, with $822M spent online between midnight and 11 am this Black Friday morning.
11:49 EDTSBUXDutch Finance Ministry appeals EU Starbucks tax directive, Reuters says
Subscribe for More Information
11:15 EDTEBAYChannelAdvisor says Amazon SSS up 29% on Thanksgiving, eBay up 7%
Subscribe for More Information
08:26 EDTEBAYAdobe says U.S. e-commerce sales surged on Thanksgiving, Bloomberg reports
Adobe Systems estimated that online shoppers in the U.S. spent $1.1B by 5 pm ET on Thanksgiving and projected that $1.7B would be spent in online shopping by day's end, a 22% jump from last year, reported Bloomberg. Major e-commerce players that may benefit from the surge in spending include (AMZN) and eBay (EBAY), while companies with omnichannel presences including e-commerce and brick-and-mortar locations include Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and Macy's (M). Reference Link
November 25, 2015
10:29 EDTEBAYeBay says working to resolve issues some users are experiencing
In a tweet to its official Twitter account, eBay states: "We're aware that some users are experiencing issues & we're working to resolve. We apologize for any inconvenience! Stay tuned for updates." Reference Link
10:04 EDTEBAYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21Vianet (VNET) downgraded to Neutral from Overweight at JPMorgan... Anglo American (AAUKY) downgraded to Reduce from Hold at HSBC... Boulder Brands (BDBD) downgraded to Market Perform from Outperform at William Blair... Cracker Barrel (CBRL) downgraded to Hold from Buy at Argus... HP Inc. (HPQ) downgraded to Hold from Buy at Needham... PTC Therapeutics (PTCT) downgraded to Underperform from Hold at Jefferies... SunEdison (SUNE) downgraded to Sell from Neutral at UBS... TerraForm Power (TERP) downgraded to Sell from Neutral at UBS... Tiffany (TIF) downgraded to Neutral from Buy at Monness Crespi... Valspar (VAL) downgraded on negative catalysts at RBC Capital... eBay (EBAY) downgraded to Buy from Conviction Buy at Goldman.
06:46 EDTEBAYeBay downgraded to Buy from Conviction Buy at Goldman
Goldman analyst Heath Terry removed eBay from the Conviction Buy List due to share outperformance. Terry maintains his Buy rating and increased his price target to $33 from $30 on shares, citing a more focused strategy following the PayPal spinoff, investments in technology and marketing to support Marketplaces, ongoing capital returns and what he views as a favorable risk/reward ratio.
November 18, 2015
08:36 EDTSBUXStarbucks sees expanding gross margin in 2016
Subscribe for More Information
08:20 EDTSBUXStarbucks sees no impact from economic weakness in China
Says lunch and afternoon offerings are increasingly relevant to customers. Says has started to roll out Evenings program in multiple stores. Says food makes up 20% of sales, up from 17% a few years ago. Says goal to have food make up 25% of sales. Says Morning Daypart sales up 22% over past five years. Says "a lot of opportunity" in lunch. Says breakfast sandwich sales have doubled over past three years. Says all comp growth in China is traffic. Says growing store portfolio in China at 30% per year clip. Sees no impact from economic weakness in China.
08:15 EDTSBUXStarbucks CFO: 1,500 stores in U.S. have Clover machines, up 50% y/y
Says 1,500 stores have Clover machines now in the U.S., up 50% year over year. Sees selling premium coffees in more international markets. Sees opening 500 larger-format reserve cafes. Says focusing on elevating tea presence in stores. Says Teavana brand driving revenue growth, contributing to comp growth. Plans to have Teavana in more Starbucks stores worldwide.
08:10 EDTSBUXStarbucks sees annual EPS growth of at least 15%
Sees annual revenue growth of about 10%. Says at mid-to-single digit comps each quarter. Says growing comps at 8%. Says playing "the long game." Says growth built on innovation, store experience. Says will see softness in topline unless it invests heavily in store experience. Says food is growing faster than beverage in U.S. stores. Says started to invest in "partner digital." Says customer-facing digital apps and technology is industry leading, though lagging behind in partner-facing digital technology. Says employee turnover is down. Comments taken from Morgan Stanley Global Consumer and Retail Conference.
07:19 EDTSBUXDunkin' Donuts tests mobile ordering app, Bloomberg reports
Dunkin' Donuts, owned by Dunkin' Brands (DNKN), is aiming to play catch up to Starbucks (SBUX) by testing a mobile ordering and delivery service in certain U.S. markets, Bloomberg reports. Starting Wednesday, 124 Dunkin' locations in Portland, Maine, will let customers order ahead of time through an app, the report says. Roughly 19 cafes in Dallas are also testing the delivery, with additional locations in Atlanta, Chicago, L.A., and Washington coming soon, the report says. Reference Link
November 17, 2015
07:52 EDTSBUXMorgan Stanley to hold a conference
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use