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News Breaks | | | | December 31, 2012 | | 06:52 EDT |  | YUM, SINA, SBUX, BIDU, COH, SOHU | Chinese 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 | |
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News For SINA;SOHU;BIDU;YUM;COH;SBUX From The Last 14 Days Check below for free stories on SINA;SOHU;BIDU;YUM;COH;SBUX the last two weeks. |
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| May 9, 2013 | | 10:07 EDT | | SOHU, BIDU | Sohu search biz reportedly sought by Baidu, others, TechCrunch says
Baidu (BIDU), Tencent and Qihoo 360 (QIHU) are rumored to be competing to buy Sohu.com‘s (SOHU) search business, Sogou, according to TechCrunch, citing a Chinese language report that points to "unnamed sources in the investment industry." Sogou's CEO has denied the report as "unreliable” on his Sina Weibo account, the report noted. Reference Link | | | 09:38 EDT |  | BIDU | Active equity option families trading
Active equity option families trading on open according to Track Data: TSLA AAPL GOOG MNST BIDU MCD. | | | 08:07 EDT |  | SBUX | Green Mountain results mixed, Starbucks deal may have downside, says Stifel
 Subscribe for More Information | | | 07:06 EDT | | SBUX | Starbucks channel volume to reaccelerate, says Bernstein
Subscribe for More Information | | | May 8, 2013 | | 19:06 EDT |  | SBUX | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:05 EDT | | SBUX | Green Mountain, Starbucks enter into long-term strategic partnership
Starbucks (SBUX) and Green Mountain (GMCR) said they have signed an agreement that provides for the expansion of their partnership for the manufacturing, marketing, distribution, and sale of Starbucks- and Tazo-branded single serve packs for use in GMCR’s Keurig single serve brewing systems globally. Starbucks and GMCR first entered into partnership in March 2011. Under the new agreement, Starbucks will add brands and varietals to the already robust Starbucks® K-Cup® and Vue® pack portfolio of offerings for Keurig single cup brewers, ultimately tripling the number of Starbucks products and adding brands offered on the Keurig platform. Financial terms of the agreement were not disclosed. | | | 16:03 EDT | | SBUX | Green Mountain, Starbucks enter into long-term strategic partnership
Subscribe for More Information | | | 09:31 EDT |  | SINA | SINA upgraded to Overweight from Underweight at HSBC
| | | 07:44 EDT |  | COH | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | May 7, 2013 | | 15:23 EDT | | YUM | Sohn conference presentations likely to move stocks again
The Sohn Investment Conference is set to take place tomorrow in New York City. Among the notable presenters are David Einhorn, Bill Ackman, and Jeff Gundlach, each of whom presented a year ago. LOOKING BACK: A year ago, both Gundlach and Einhorn addressed Apple (AAPL) in their presentations, taking opposite sides of the trade. Gundlach said that he was short Apple, while Einhorn said he was long the stock. Gundlach reiterated his short position on Apple in a number of interviews during the year, including a prediction in January that Apple shares would reach $425 in the first quarter, a level the stock closed below on March 4. On April 29, Gundlach told CNBC he was no longer short Apple. Einhorn, meanwhile, filed a suit against the company in February in an effort to get it to distribute some of its cash hoard to investors. Earlier today, Einhorn said in an earnings conference call for Greenlight Capital that he has added to his Apple long position and praised the company's plan to return more capital to holders. Apple shares are down more than 19% over the last year, though shares have rallied more than 15% from their April lows. At last year's conference, Bill Ackman discussed his long position in J.C. Penney (JCP). Ackman, a member of Penney's board, said the company was going through with its in-store makeover strategy, led by then CEO Ron Johnson. J.C. Penney shares have slipped 50% over the last year, with Johnson leaving his CEO post on April 8. OTHER POSITIONS: Over the last year, both Einhorn and Gundlach have mentioned shorting Chipotle (CMG). In October, Einhorn recommended shorting Chipotle, saying Taco Bell (YUM) was a threat to the burrito chain. At a presentation last month, Gundlach said the idea of a gourmet burrito is an oxymoron. Shares of Chipotle are down more than 3% today ahead of tomorrow's conference, though neither investor has confirmed they hold short positions in its shares. In addition to his long position in J.C. Penney, Ackman has a high-profile short position in Herbalife (HLF), which he has called "a pyramid scheme." Ackman has been in a public spat with Carl Icahn over the company in which, according to Icahn's most recent SEC filings, he holds a better than 15% stake. Herbalife shares, which lost more than 39% following Ackman's initial presentation, are up slightly better than 1.5% since Ackman's initial comments. OTHER PRESENTERS: Investors will also be watching comments in any individual stocks from famed short-seller Jim Chanos, as well as comments from Kyle Bass, who has been outspokenly bearish on Japan. Also presenting is Paul Singer of Elliott Management, which is currently in a proxy fight with Hess (HES) in an effort to add five independent directors to the company's board. Keith Meister of Corvex Management, which along with Related Fund Management has been seeking change at CommonWealth REIT (CWH), is also set to take the stage. | | | | 10:00 EDT |  | COH | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital. | | | 09:06 EDT | | BIDU | Baidu acquisition does not resolve challenges, says Citigroup
Subscribe for More Information | | | 07:57 EDT | | COH | Coach price target raised to $65 from $58 at Stifel
Subscribe for More Information | | | 06:08 EDT | | COH | Coach downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Coach after transferring coverage of the stock with a $53-$57 price target range. Wells believes Coach's new strategic direction may weigh on margins and returns. | | | 05:25 EDT | | BIDU | Baidu acquires online video business of PPS for $370M
Baidu announced the acquisition of the online video business of Internet video provider PPS for $370M. Baidu and PPS expect the transaction to close in Q2. Upon completion of the transaction, the PPS online video business will be consolidated into Baidu's financial statements. PPS's online video business will be merged with Baidu's own video platform iQiyi. The combined entity will become China's largest online video platform by number of mobile users and video viewing time. PPS will continue to operate as a sub-brand of iQiyi. | | | May 6, 2013 | | 09:18 EDT | | YUM | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:07 EDT | | YUM | China investigating mutton supplier linked to Yum, Reuters reports
In China, Shanghai food safety inspectors are testing mislabeled mutton from a wholesaler a government website said supplies a chain of hot pot restaurants run by Yum Brands, reports Reuters. Reference Link | |
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