Streaming media company Roku will likely have an initial public offering before the end of the year, adding another public company to a crowded field. Rumors are Roku is worth about $1 billion
The Congressional Budget Office (CBO) reports that Trump will not be able to balance the U.S. budget for a decade based on the president’s current plans.
Online fantasy betting sites DraftKings and FanDuel will not merge as expected. Both have faced regulatory problems and rising marketing costs. It was assumed that the two very similarcompanies could save money by eliminatingduplicate costs
Honda Motor Co. Ltd. (NYSE: HMC) recalled 1.2 million Accord models. According to the AP:
Honda is recalling 1.2 million Accord midsize cars in the U.S. because a battery sensor can short out and potentially cause a fire.
The recall covers cars from the 2013 through 2016 model years. Honda says it has four reports of engine compartment fires due to the problem but no injuries. All the fires were in states where salt is used to clear roads in the winter.
10 best stocks: Starbucks Corporation(SBUX)
Advisors’ Opinion:
- [By WWW.USATODAY.COM]
That’s what happens when someone decides to give a gift card. It counts as a gift, but in most cases a Starbucks (NASDAQ: SBUX) card (which one in six Americans received in 2015) or any other gift card mostly says either “I don’t know you that well” or “I don’t care about you that much.”
- [By Chris Lange]
And Starbucks Corp. (NASDAQ: SBUX) will report its most recent quarterly results on Thursday. The consensus estimates call for $0.55 in EPS and $5.81 billion in revenue. Shares closed trading at $54.88 on Friday, in a 52-week range of $50.84 to $64.87. The consensus price target is $63.98.
- [By WWW.THESTREET.COM]
The Starbucks (SBUX) inside Trump Tower has seen traffic drop dramatically. The shop’s usual customers, deterred by the barricades, armed guards and bomb-sniffing dogs outside, are getting their caffeine fix elsewhere.
- [By Shanthi Rexaline]
Quoting a survey, UBS said in a note Friday Starbucks Corporation (NASDAQ: SBUX) is well positioned for continued U.S. market share gains. The firm also delved on growth at its channel development segment and Chinese opportunities.
- [By Ben Levisohn]
Look at Starbucks (SBUX). The pre-eminent purveyor of overprice coffee’s stock is soaring today…and I have don’t have much of an idea why.
Agence France-Presse/Getty Images
It’s not that Starbucks has actually been performing well this year. Before today, its stock had dropped 0.9% in 2017, well below the 6.9% total return in the S&P 500.
But flying it is, and along with Darden Restaurants (DRI) and McDonald’s (MCD), Starbucks find itself among the top 25 performers in the S&P 500 today. So let’s acknowledge industry strength today, because that appears to be a big part of what’s happening here. In fact, Canaccord Genuity’s Lynne Collier and Philip May, in a casual dining update, argued that trends across the industry are getting better:
Our restaurant checks for the first week of March suggest a second consecutive week of positive comps (LSD) for the casual diners. Once again, we believe the shift in the tax refund schedule is positively skewing results. While we project that the first week of the month was in positive territory, we are maintaining our March SSS estimate of -2.0% to 0.0% given inclement weather mid-month and an unfavorable Easter shift. While comps remain volatile m/m and it is difficult to discern underlying trends, we note that our March industry SSS estimate would represent an improvement vs. February, which was -3.4% according to Knapp Track.
And while Starbucks didn’t release any data, or get upgraded by an analyst, it was on the receiving end of a positive comment from Wells Fargo’s Bonnie Herzog:
We hosted an investor meeting atStarbucks’ HQ yesterday (3/16) with CFO Scott Maw and SVP-Store Development Andy Adams. Overall, we came away with greater conviction recent challenges are being appropriately addressed, and comps will reaccelerate in the back half of the year through higher ticket (premiumization and increased attach
- [By Seth McNew]
Some of what Chipotle is doing comes from Starbucks’ (NASDAQ:SBUX) playbook. The coffee company was a trailblazer in creating a digital and mobile strategy that has truly transformed the customer experience and added to Starbucks’ bottom line. Its app, which features a mobile wallet-style system of stored preferences and the ability to order ahead to pick up your drink without waiting in line, now has more than 13 million active users, and the company has pointed to its digital growth many times as a boost to its comparable-store sales and margin growth. Mobile payments now make up one-quarter of all Starbucks transactions.
10 best stocks: WashingtonFirst Bankshares Inc(WFBI)
Advisors’ Opinion:
- [By WWW.GURUFOCUS.COM]
For the details of CASTLE CREEK CAPITAL PARTNERS IV, LP’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=CASTLE+CREEK+CAPITAL+PARTNERS+IV%2C+LP
These are the top 5 holdings of CASTLE CREEK CAPITAL PARTNERS IV, LPGuaranty Bancorp (GBNK) – 1,448,849 shares, 39.1% of the total portfolio. MBT Financial Corp (MBTF) – 1,876,423 shares, 23.6% of the total portfolio. WashingtonFirst Bankshares Inc (WFBI) – 489,377 shares, 15.19% of the total portfolio. Shares added by 4558.07%Eastern Virginia Bankshares Inc (EVBS) – 1,061,225 shares, 12.33% of the total portfolio. First NBC Bank Holding Co (FNBC) – 2,205,382 shares, 9.78% of the total portfolio. Added: Wa
10 best stocks: Rigel Pharmaceuticals Inc.(RIGL)
Advisors’ Opinion:
- [By Lisa Levin]
Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL) shares dropped 22 percent to $2.52 after the company reported results from the second FIT Phase 3 study for fostamatinib. The company disclosed that the study did not meet primary endpoint.
10 best stocks: PRA Group, Inc.(PRAA)
Advisors’ Opinion:
- [By Lee Jackson]
PRA Group Inc. (NASDAQ: PRAA) has been hit hard recently, and shareholders may be glad to know that a director took advantage of the sell-off and stepped in to buy shares. That board member bought 143,000 shares of the financial and business services company at prices that ranged from $34.40 to $34.89. The total for the buy was set at $5 million. The stock closed Friday at $32.90, in a52-week range of $21.93 to $42.70. The consensus price target is $40.60.
10 best stocks: LG Display Co., Ltd.(LPL)
Advisors’ Opinion:
- [By Peter Graham]
A long term performance chart shows shares of Corning Incorporated in a steady uptrend since we recommended the stock while Universal Display Corporation (NASDAQ: OLED) has taken off even higher and LG Display Co Ltd (NYSE: LPL) and AU Optronics Corp (NYSE: AUO) have given a similar performance:
- [By Anders Bylund, Chuck Saletta, and Brian Feroldi]
According to comments by Universal Display CEO Steve Abramson, Samsung (NASDAQOTH:SSNLF) is pouring $9 billion into building OLED production facilities this year. LG Display (NYSE:LPL) expects more than half of its 2020 revenues to come from OLED panels. The OLED TV market is expected to grow sixfold in the next four years, and the lighting panel market is only just getting started.
