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Stock Market & Financial Investment News

News Breaks
July 24, 2014
11:24 EDTSBUXStarbucks July weekly volatility increases into Q3 and outlook
Starbucks July weekly call option implied volatility is at 85, August is at 23, October and January is at 18; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results today after the market close.
News For SBUX From The Last 14 Days
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July 23, 2015
19:21 EDTSBUXStarbucks says Mobile Order & Pay driving traffic, fueling revenue growth
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19:21 EDTSBUXStarbucks says breakfast, lunch platforms saw double-digit growth in Q3
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19:06 EDTSBUXStarbucks says 80% locked for 2016 coffee costs
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19:06 EDTSBUXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
19:04 EDTSBUXStarbucks sees commodities 'roughly neutral' in 2015
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19:03 EDTSBUXStarbucks CEO says Q3 was among 'most remarkable' in company history
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16:12 EDTSBUXStarbucks still sees 2015 operating margin flat vs. FY14
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16:11 EDTSBUXStarbucks jumps $1.57 to $58.13 following Q3 results
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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15:04 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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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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July 21, 2015
17:04 EDTSBUXStarbucks and New York Times sign agreement
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