Starbucks Will Get a Jolt. Its Stock Is a Buy.
Evie Liu Barron’s June 14, 2024 Starbucks is brewing plans for a turnaround after surprisingly weak second-quarter earnings. Same-store sales at the world’s largest coffee chain declined 3% in North America and 6% in international markets, the result of soft demand and more competition in China. The stock, which has slumped almost 17% this year, […]
Strategists See Dip-Buying Shot Arising From Stock Rally’s Pause
Alexandra Semenova Bloomberg August 21, 2023 Citi, HSBC, Goldman eying when investors should pile in With soft landing, it may hit reset on lofty equity valuations If the August downturn for US stocks resumes, Wall Street strategists say it may be a buying opportunity for those who sat out of this year’s rally — not the beginning […]
Wall Street Forecasts Project Profit Recession Ends Next Quarter
Jessica Menton Bloomberg August 5, 2023 With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease. The bad news: S&P 500 Index companies are on track to notch a third straight quarter […]
Starbucks hikes long-term financial forecast as it unveils reinvention plan
PUBLISHED TUE, SEP 13 202211:43 AM Source: CNBC by Amelia Lucas Outgoing Starbucks CEO Howard Schultz said the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a strategy to reinvent its business. The company’s previous long-term forecast projected adjusted earnings per share growth of 10% to 12%, revenue […]
Big Tech Remains a Favorite Among Retail Investors: Vanda
Source: Bloomberg by Ryan Vlastelica Wednesday, July 6, 2022 10:06 AM Major US technology and internet stocks have been pressured throughout 2022, but the group continues to be a popular choice among retail investors, according to Vanda Research. Vanda names Advanced Micro Devices, Nvidia, and the FAANGMT group — a reference to Facebook-parent Meta Platform, Apple, […]
Top Wall Street strategists see the stock market recouping most of its losses into the year-end
PUBLISHED MON, JUL 4 20228:17 AM Source: CNBC by Yun Li After a brutal first half, strategists from major Wall Street firms see stocks regaining most of the ground they lost into the year-end. The S&P 500 is expected to finish the year around 4,627, more than 20% higher from Friday’s level, according to the average year-end […]
Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money
PUBLISHED TUE, MAY 24 20221:43 PM EDT UPDATED 6 HOURS AGO Hugh Son Brian Moynihan, CEO of Bank of America, speaking at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galica | CNBC U.S. consumers are “in good shape” and will keep spending at an elevated clip, at least in the near term, […]
Williams Says Unemployment Rate May Rise as Fed Fights Inflation
Tuesday, May 10, 2022 06:36 AM By Matthew Boesler and Alexander Weber New York Fed chief speaks at economics conference in Germany Sees inflation cooling to nearly 4% in 2022, 2.5% in 2023 (Bloomberg) — The US central bank’s interest-rate increases may lead to somewhat higher unemployment as it attempts to bring about a “soft landing” while tackling […]
2018: The key reasons behind the stock market’s ugly October fall
Published: Oct. 29, 2018 at 8:10 a.m. ET By Mark DeCambre The Dow has lost around 2,140 points, or 8%, since its Oct. 3 2018 all-time high, as of Friday’s close Markets are falling fast. But why? A few short weeks ago the Dow industrials were on the verge of busting through another psychological milestone […]
Cloud computing is a bright spot for tech as the economy grapples with war and inflation
PUBLISHED FRI, APR 29 202212:05 PM EDT By Jordan Novet on cnbc.com Central banks lifted interest rates to tamp down inflation in the first quarter, and a hot war broke out in Europe. Those shifts have been weakening demand across some parts of the economy. But several of world’s largest technology companies have a business buffer against […]