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December 31, 2012
06:52 EDTSBUX, BIDU, COH, SOHU, YUM, SINAChinese PMI reaches highest level since May 2011, Reuters reports
HSBC's Chinese Purchasing Managers' Index reached 51.5 this month, the highest level since May 2011, according to Reuters. The index came in at 50.5 in November, the news service added. Reference Link
News For SINA;SOHU;BIDU;YUM;COH;SBUX From The Last 14 Days
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November 18, 2015
16:35 EDTSINASINA reports Q3 EPS 39c, consensus 20c
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08:36 EDTSBUXStarbucks sees expanding gross margin in 2016
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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
05:40 EDTYUMStocks with implied volatility below IV index mean; YUM RAD
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November 17, 2015
07:52 EDTSBUXMorgan Stanley to hold a conference
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06:12 EDTBIDUBaidu to partner with Citic Bank to launch online bank, Financial Times reports
Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link
05:33 EDTYUMStocks with implied volatility below IV index mean; YUM QCOM
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November 16, 2015
17:02 EDTSBUXPoint72 added to lululemon position, subtracted from Netflix position
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16:22 EDTSINACharles Chao reports 17.8% stake in SINA
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07:56 EDTYUMTaco Bell committed to serving cage-free eggs in U.S. restaurants by end of 2016
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06:11 EDTYUMTaco Bell to stop using eggs laid by caged hens by 2017, Reuters reports
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November 15, 2015
13:12 EDTBIDUBaidu shares look attractive on O2O potential, Barron's says
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November 13, 2015
17:04 EDTYUMThird Point gives quarterly update on stakes
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12:34 EDTYUMOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday following worse than expected retail sales data in the U.S. and a report showing that the Eurozone's economic growth slowed last quarter. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in the month of October, versus expectations for an increase of 0.3%. When autos and gas are removed, the core reading was up 0.3%, versus expectations for a rise of 0.4%. Producer prices fell 0.4%, versus expectations for them to be up 0.2%. When food and energy are removed, the core reading was down 0.3%, versus expectations for it to be up 0.1%. Business inventories grew 0.3% in September while sales were flat compared to August. Consumer sentiment, as measured by the preliminary print from the University of Michigan survey, improved 3.1 points to 93.1 in November, which was better than the 91.5 reading that was expected. In Europe, data showed that eurozone's economy grew by just 0.3% in the third quarter, which was a slowdown from the 0.4% GDP growth recorded three months earlier and weaker than the 0.4% consensus growth forecast. COMPANY NEWS: Shares of retailers broadly declined on Friday morning following the weaker than expected retail sales data reported by the government as well as third quarter earnings reports from Nordstrom (JWN) and J.C. Penney (JCP). Each of the aforementioned department store operators slid following their reports, as did Macy's (M) and Kohl's (KSS), which reported on their own results earlier in the week. TJX Companies (TJX) and Ross Stores (ROST), which are both scheduled to report quarterly earnings next week, were also among those caught up in the weakness... Shares of Mylan (MYL) jumped 13% after the company's offer to acquire Perrigo (PRGO) failed, ending a seven-month fight between the two drugmakers. Perrigo Chief Executive Officer Joseph Papa said he was "delighted" that his company's shareholders rejected the offer and the company added that it will immediately commence its previously announced $2B share buyback program, but its shares slid 7% in the wake of the shareholder vote... Cisco (CSCO) fell 6% after its first quarter earnings and revenue beat expectations but its guidance for the new quarter disappointed. A number of analysts that had been bullish on the name trimmed their price targets in response but also recommended the post-earnings weakness as a buying opportunity. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 5% after Bloomberg reported that the company rejected an initial $42B offer from ChemChina. Also higher was Yum! Brands (YUM), which gained 4% after it reported positive year over year same store sales growth for its China division in October. Among the noteworthy losers was GameStop (GME), which fell 14% after its stock was downgraded at Pacific Crest and NPD estimated that video game software sale declined 3% last month compared to the same month of last year. Also lower was Fossil (FOSL), which plunged 33% after the watchmaker gave lower than expected profit guidance for the upcoming quarter and said it continues to expect this fiscal year's results to be "significantly" negatively impacted by foreign currency changes. INDEXES: Near midday, the Dow was down 88.19, or 0.51%, to 17,359.88, the Nasdaq was down 34.22, or 0.68%, to 4,970.86, and the S&P 500 was down 9.24, or 0.45%, to 2,036.73.
09:39 EDTYUMYum! Brands rises on improving China sales
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09:27 EDTYUMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Blue Buffalo (BUFF), up 8.2%... Applied Materials (AMAT), up 3.8%... Planet Fitness (PLNT), up 9.8%... Lipocine (LPCN), up 16.2% after reporting quarterly results and that the FDA has assigned a Prescription Drug User Fee Act goal date of June 28, 2016. ALSO HIGHER: Mylan (MYL), up 10.9% after Perrgo (PRGO) shareholders did not tender enough shares for the hostile takeover bid to succeed... Plug Power (PLUG), up 7.3% after entering into a strategic supply agreement with 3M (MMM)... Yum! Brands (YUM), up after reporting that October China Same-Store Sales are up 5%. DOWN AFTER EARNINGS: Fossil (FOSL), down 24.5%... Fossil (JWN), down 20.6%... El Pollo LoCo (LOCO), down 15.1%... Cisco (CSCO), down 4.1%.... Tyco (TYC), down 4.1%... J.C. Penney (JCP), down 6.8%. ALSO LOWER: Fitbit (FIT), down 8.4% after 17M share Secondary priced at $29.00... GameStop (GME), down 8% after being downgraded to Sector Weight from Overweight at Pacific Crest... Lions Gate (LGF), down 2.6% after 3.4M share Spot Secondary priced at $39.43... Perrigo is down 10.5% after shareholders did not tender enough shares for the hostile takeover bid to succeed.
09:21 EDTYUMWendy's '4 for $4' a hit, McDonald's promo may be next
An analyst at Citi believes Wendy's (WEN) has seen strong results from its ongoing "4 for $4" promotion, prompting him to add the stock to the firm's Focus List and predict that the company's same-store sales growth this quarter will beat expectations. 4 FOR $4: Under an ongoing promotion that was launched in October, Wendy's offers a junior bacon cheeseburger, four piece chicken nuggets, fries, and a drink for $4. Citi analyst Gregory Badishkanian told investors in a research note this morning that his analysis and talks with those in the fast-food industry suggest that the promotion continues to drive strong results, leading to a rise in transactions at Wendy's with little to no impact on restaurants' average check total. Badishkanian predicts Wendy's will post fourth quarter same-store sales growth of at least 4%, versus the First Call consensus forecast of 2.7% and the 3.3% growth implied by the high-end of the company's fiscal year guidance. INDUSTRY VALUE FOCUS: Wendy's management has emphasized value offerings recently, but other quick service restaurant peers are also increasing their focus on value, Badishkanian noted. The analyst sees a good chance that McDonald's (MCD) will roll-out a "2 for $2" promotion soon, which he believes could have a "modest" impact on Wendy's, but more of an impact on Restaurant Brands' (QSR) Burger King. Badishkanian predicts McDonald's same-store sales growth should accelerate further in the fourth quarter, but not at the expense of Wendy's. He keeps a Buy rating on Wendy's shares with an $11 price target. WHAT'S NOTABLE: Yum! Brands (YUM), which also competes in the quick service food space with its KFC, Pizza Hut and Taco Bell brands, is rallying this morning after reporting last night that its China division's same-store sales grew an estimated 5% in October. PRICE ACTION: Wendy's stock has gained over 5% in the last month, closing yesterday at $9.63 per share. In that same period, McDonald's shares have risen over 8% while Restaurant Brands has declined 3%.
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