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Stock Market & Financial Investment News

News For SINA;SOHU;BIDU;YUM;COH;SBUX From The Last 14 Days
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October 31, 2014
16:24 EDTCOH, SBUXStocks finish week higher after Japan stimulus, strong U.S. GDP growth
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13:54 EDTSOHUSohu.com November volatility elevated into Q3
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12:45 EDTSBUXOn The Fly: Midday Wrap
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10:22 EDTYUMYum! Brands calls active amid speculation it could spin-off China operations
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10:08 EDTYUMRumor: Yum! Brands moves up amid speculation it could spin-off China operations
09:55 EDTSBUXStarbucks CEO tells CNBC Apple Pay 'great' for Starbucks
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09:10 EDTSBUXOn The Fly: Pre-market Movers
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07:56 EDTSBUXStarbucks should be bought on weakness, says Oppenheimer
Oppenheimer believes that Starbucks reported strong results despite the deceleration in its traffic. The firm says that the stock performs better when many investors doubt the strength of its business model. The firm keeps an $86 price target and Outperform rating on the shares.
07:48 EDTSBUXStarbucks sell-off a buying opportunity, says JPMorgan
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07:41 EDTSBUXStarbucks can improve traffic trends, says Bernstein
After Starbucks reported in-line Q4 results but lower than expected sales comps, Bernstein thinks the company can take steps to reaccelerate traffic over the near-term. Over the longer term, the firm believes that the company can leverage food and its initiatives in the mobile/loyalty area. The firm keeps a $99 price target and Outperform rating on the shares.
07:29 EDTSBUXStarbucks Q4 'strong,' still confident in thesis, says Piper Jaffray
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October 30, 2014
19:00 EDTSBUXStarbucks plans to begin food, beverage delivery service in FY15
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18:39 EDTSBUXOn The Fly: After Hours Movers
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16:33 EDTSBUXStarbucks raises quarterly dividend 23% to 32c from 26c per share
Payable on November 28 to shareholders of record as of November 13.
16:31 EDTSBUXStarbucks reports Q4 adjusted operating margin up 280bps to 20.5%
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16:09 EDTSBUXStarbucks down 3% following Q4 results
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16:09 EDTSBUXStarbucks sees FY15 CapEx approximately $1.4B
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16:08 EDTSBUXStarbucks sees Q1 adjusted EPS 79c-81c, consensus 83c
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16:07 EDTSBUXStarbucks raises quarterly dividend to 32c per share
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16:07 EDTSBUXStarbucks sees FY15 EPS $3.08-$3.13, consensus $3.16
Sees FY15 revenue growth 16% - 18%, including over $1B in incremental revenue from the planned acquisition of Starbucks Japan, consensus $18.43B. Global comparable store sales growth continues to be targeted in the mid-single digits. New store openings increase to 1,650 net new.
16:03 EDTSBUXStarbucks reports Q4 adjusted EPS 74c, consensus 74c
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15:30 EDTSBUXNotable companies reporting after market close
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14:43 EDTSBUX Starbucks Coffee October weekly 77 straddle priced for 3.1% move into Q4
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.
10:52 EDTBIDU, SOHUBaidu rises after profits beat expectations
Chinese Internet search engine Baidu (BIDU) is climbing after the company reported higher than expected profits and in-line revenue. WHAT'S NEW: Baidu reported third quarter earnings per share, excluding certain items, of $1.90, versus analysts' consensus outlook of $1.69. The company's revenue came in at $2.2B, in-line with the consensus outlook. Baidu provided Q4 revenue guidance of $2.26B-$2.32B, versus the consensus outlook of $2.3B. Last quarter, Baidu had more traffic from mobile devices than PCs, and mobile traffic generated 36% of its revenue, the company noted. "In the third quarter, our investments in mobile continued to pay off as mobile proved once again to be a strong driver of topline growth," said Baidu CFO Jennifer Li. ANALYST REACTION: Baidu's investment in mobile is starting to pay off, agreed Piper Jaffray analyst Gene Munster in a note to investors today. Additionally, the impact to Baidu from its investments in mobile appear not to have been as drastic as previously thought, and the company remains "essentially unchallenged" in the Chinese search market, wrote the analyst. He raised his price target on the shares to $267 from $222 and kept an Overweight rating on the stock. Meanwhile, research firm Stifel Nicolaus reported that the company's gross margin was about 1.5 percentage points ahead of expectations in Q3. Baidu is on track to generate about 65% of its queries from mobile devices in a year, at which point it may significantly increase the prices it charges for mobile search ads, the firm stated, adding that the company's innovation in mobile has been strong. Stifel has a $250 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, Baidu rose 4% to $224. Other Chinese Internet names also rose, with Weibo (WB) adding 1% to $18, Renren (RENN) rising 1% to $3.45, Sohu.com (SOHU) gaining 1.5% to $44, and Qihoo 360 (QIHU) adding 0.5% to $68.50.
10:18 EDTCOHCoach October weekly calls active
Coach October weekly 34 and 35.4 calls are active on total call volume of 6700 contracts (400 puts) on speculation of activist investor stake. October weekly call option implied volatility is at 44, November is at 26, December is at 28, January is at 27; compared to its 26-week average of 28 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:59 EDTBIDUBaidu price target raised to $267 from $222 at Piper Jaffray
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09:42 EDTCOHRumor: Coach moves up on speculation of activist investor stake
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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.
07:16 EDTBIDUBaidu viewed as core holding in China Internet space, says Brean Capital
Brean Capital reiterates Baidu as a core holding in the China Internet space following its Q3 results, citing the company's leadership position in mobile search, its operating leverage from robust revenue growth, and its attractive risk/reward profile. Brean Capital maintains its Buy rating and $275 price target on Baidu shares.
October 29, 2014
16:37 EDTBIDUBaidu sees Q4 revenue $2.26B-$2.32B, consensus $2.3B
16:36 EDTBIDUBaidu reports Q3 EPS ex-items $1.90, consensus $1.69
Reports Q3 revenue $2.2B, consensus $2.22B. Traffic acquisition cost, or TAC, as a component of cost of revenues was $283.8M, representing 12.9% of total revenues, as compared to 11.7% in the corresponding period in 2013 and 12.7% in Q2. The increase reflects increased contribution of contextual ads, mobile and promotion of hao123.
14:21 EDTBIDUBaidu October weekly 225 straddle priced for 6% move into Q3
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07:52 EDTSBUXStarbucks shares poised to outperform, says Oppenheimer
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October 28, 2014
17:01 EDTCOHOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory despite two disappointing economic data points and a mixed report from social media giant Twitter (TWTR). The market moved in a narrow range for the opening half hour of trading but gained upside momentum following a much better than expected consumer confidence reading. The market continued to tack on points throughout the afternoon and closed at its highs, led by the Nasdaq, which gained 1.75% for the session. ECONOMIC EVENTS: In the U.S., durable goods orders fell 1.3% in September, significantly undershooting expectations for them to have rise 0.7% in the month. The S&P Case-Shiller home price report showed prices were lower on a seasonally adjusted basis in the month of August compared to the prior month. A reading of consumer confidence surged to a seven-year high of 94.5 in October from a revised 89.0 final reading for September. The Richmond Fed's manufacturing index rose 6 points to 20 in October, beating expectations for it to have pulled back to 10. COMPANY NEWS: Twitter (TWTR) sunk $4.78, or 9.84%, to $43.78 after the social media company reported in-line profit and higher than expected Q3 revenue, but also reported a slowdown in user growth and provided weaker than expected Q4 guidance. Following last night's report, the stock was downgraded at RBC Capital, Nomura and Bank of America Merill Lynch to "Hold" or equivalent ratings, while Stifel lowered its rating on Twitter shares to Sell from Hold... Shares of Pfizer (PFE) edged up 6c, or 0.21%, to $29.09 after the pharmaceutical giant reported third quarter adjusted earnings per share and revenue that were a bit better than expected and narrowed its fiscal year profit outlook. Of note, Pfizer said during its earnings conference call that while proposed rule changes have made "inversions" more difficult, that meaningful value from inversion deals can still exists on a "case-by-case" basis. Shares of AstraZeneca (AZN), which was previously a target of Pfizer, gained 67c, or 0.95%, to $71.43 following Pfizer's comments. MAJOR MOVERS: Among the notable gainers following their earnings reports were Whirlpool (WHR), which advanced $10.66, or 6.77%, to $168.06, Cummins (CMI), which gained $9.22, or 6.81%, to $144.59, and Cliffs Natural (CLF), which jumped $2.05, or 22.19%, to $11.29. Among the noteworthy losers was Kohl’s (KSS), which dropped $3.89, or 6.64%, to $54.66 after the department store operator’s outlook for third quarter same store sales and fiscal 2014 profit missed expectations. Also lower were shares of Coach (COH), which fell $2.15, or 5.95%, to $34.00 after the luxury handbag and accessory maker reported sales declined 9% on a constant currency basis in its first quarter. INDEXES: The Dow rose 187.81, or 1.12%, to 17,005.75, the Nasdaq advanced 78.36, or 1.75%, to 4,564.29, and the S&P 500 gained 23.42, or 1.19%, to 1,985.05.
11:58 EDTCOHStocks with call strike movement; COH DOW
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10:39 EDTCOHCoach hits fresh 52-week low following earnings, levels to watch
Shares earlier hit a fresh 52-week low at $33.25 following earnings that missed expectations. The $33 area has been a strong zone of support, notably in 2010, 2008, and 2006. Support below $33 is at $32.18. Resistance is at $34.93.
09:20 EDTCOHOn The Fly: Pre-market Movers
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09:14 EDTBIDUBaidu named a long Research Tactical Idea at Morgan Stanley
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09:09 EDTCOHCoach sees annual financial improvement beginning in FY16
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09:07 EDTCOHCoach sees low double digit decline in FY15 constant currency, reported sales
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08:59 EDTCOHCoach says still targeting China sales of over $600M in FY15
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08:11 EDTCOHCoach report Q1 EPS ex-items 53c, consensus 45c
07:02 EDTCOHCoach reports Q1 EPS 43c, consensus 45c
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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.
15:38 EDTBIDUBaidu weekly volatility elevated into Q3 and outlook
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15:36 EDTCOHNotable companies reporting before tomorrow's open
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07:30 EDTSBUXStarbucks outlook favorable into Q4 results, says Wells Fargo
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October 24, 2014
14:55 EDTBIDUBaidu weekly volatility elevated into Q3 and outlook
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October 23, 2014
08:01 EDTYUMMcDonald's pressured by rising competition in China, WSJ says
In addition to its food supplier issues, McDonald’s (MCD) has a bigger problem in China, namely rising competition from other foreign companies such as Yum! (YUM) and domestic chains that have gained prominence and scale, said The Wall Street Journal. Reference Link
October 22, 2014
09:58 EDTSINASINA discloses resignation of EVP Chen
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October 21, 2014
08:07 EDTSOHURenren rumored to plan sale of video platform to Sohu, Marbridge Daily says
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