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Stock Market & Financial Investment News

News Breaks
November 20, 2012
13:15 EDTTEA, SBUXTeavana refutes short seller allegations, says teas safe
Teavana Holdings (TEA) issued the following statement in response to allegations made by certain short sellers: "Teavana’s teas undergo rigorous third-party testing on each batch of teas based on international food safety standards including European Union regulations, which are widely considered to be the most stringent in the world. Consistent with that, the Company has established internal procedures and comprehensive third party testing to ensure all tea is safe and within those guidelines. Teavana refutes the report’s conclusions. The group that published the report is a short-seller and may benefit financially from the allegations in the report. Teavana’s teas are safe and of the highest quality." The Fly notes that Glaucus Research claimed in a note to investors earlier today that independent laboratory tests indicated Teavana's teas contain pesticides. Glaucus also alleged that Starbucks' (SBUX) agreement to purchase Teavana was threatened by the findings.
News For TEA;SBUX From The Last 14 Days
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October 30, 2014
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.
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.
October 29, 2014
07:52 EDTSBUXStarbucks shares poised to outperform, says Oppenheimer
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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.
07:30 EDTSBUXStarbucks outlook favorable into Q4 results, says Wells Fargo
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October 16, 2014
15:11 EDTSBUXStarbucks confirms plans to roll out mobile ordering in U.S. in 2015
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08:06 EDTSBUXAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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