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Apr. 18, 2015, 9:48 AM
- The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
- GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
- Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
- While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
- Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
- Partnerships between Silicon Valley and Detroit are expected to accelerate.
- GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
- Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
Apr. 16, 2015, 7:40 AM
- Starbucks (NASDAQ:SBUX) is in focus today on Wall Street with new firms jumping on the bandwagon.
- Guggenheim Partners initiates coverage with a Buy rating.
- BMO Capital starts off coverage on the company at Outperform.
- Yesterday it was Cowen Research taking a highly favorable view on the consumer products company.
- Starbucks sits with 20 Buy/Overweight ratings on the Street vs. 3 Hold/Neutrals and 2 Sell/Underweights.
- SBUX +0.2% premarket to $48.23 vs. a post-split high of $49.60.
Apr. 15, 2015, 11:00 AM
- Cowen Research initiates coverage on 8 different restaurant stocks.
- Starbucks (SBUX -0.1%) and Chipotle (CMG +0.7%) land Outperform ratings.
- Also of note, the high-flying pair ranked first and second in a Piper Jaffray poll of top restaurants brands with upper-income and average-income teenagers.
- Buffalo Wild Wings (BWLD +0.6%) was the third stock set at Outperform by Cowen.
- Habit Restaurants (HABT -1.8%), McDonald's (MCD -0.3%), Restaurants Brands Group (QSR +0.2%), Panera Bread (PNRA +0.7%), and Yum Brands (YUM +0.8%) were given a rating of Market Perform by the investment firm.
- None of the restaurant stocks listed above trade with a forward P-E ratio below 20.
Apr. 9, 2015, 8:41 AM
- Shares of Starbucks (NASDAQ:SBUX) trade this morning at their new split adjusted level.
- On the analyst front, Argus Research raises its price target on the company to $54.
- SBUX -0.2% premarket.
Apr. 7, 2015, 9:39 AM
- David's Tea (Pending:DTEA) files for a $75M IPO in the U.S. on the Nasdaq Global Market.
- Revenue of $142M and earnings of $1.52 per share was reported by the company for the fiscal year ending January 31.
- The Canadian retail chain has 134 stores in Canada and 24 stores operating in the U.S.
- The company expects to add 25 to 30 stores in Canada and 10 to 15 in the U.S. during FY15.
- Though small in scale, the U.S. expansion plan of David's has some relevance to Starbucks (NASDAQ:SBUX) with its Teavana growth initiative.
- "We believe there is a highly attractive, long-term growth opportunity for our store base in North America," reads the IPO filing.
- SEC Form F-1
Apr. 6, 2015, 1:57 PM
- Starbucks (SBUX +0.2%) sees a big opportunity in Indonesia.
- The company aims to double its store count to 400 over the next five years and focus on a smaller format, says Starbucks Indonesia COO Anthony Cottan.
- A plan to focus on local tastes will be employed by Starbucks with it set to compete with a wide variety of independent shops.
Mar. 31, 2015, 7:58 AM
- Starbucks (NASDAQ:SBUX) will begin selling a new smoothie line at 4.3K U.S. stores today.
- The new offerings will include smoothies made from Evolution Fresh juices and Dannon yogurt.
- Starbucks has a long partnership with Danone (OTCQX:DANOY) that is expected to expand into grocery stores this summer.
Mar. 24, 2015, 10:52 AM
- Despite plenty of noise on social media channels and in some op-ed pieces, Wall Street analysts see no financial impact from the criticism Starbucks (SBUX +0.5%) is taking on over its "Race Together" campaign.
- William Blair analyst Sharon Zackfia notes previous controversial stances by the company didn't appear to clip sales.
- The long view on last week's development at the Starbucks Annual Meeting have centered on the potential in China and in tea.
- SBUX +19.3% YTD.
Mar. 23, 2015, 3:24 PM
- The Barron's 400 has regularly beaten the S&P 500 (NYSEARCA:SPY) since its 2007 launch, writes Chris Dieterich, and also powers the Barron's 400 ETF (NYSEARCA:BFOR), which has topped the S&P 500 by nearly 500 basis points since starting in June 2013. BFOR is up 6% YTD, more than double that of the S&P 500.
- Among those added to the index during last week's twice-yearly rebalancing were Celgene (NASDAQ:CELG), American Airlines (NASDAQ:AAL), Starbucks (NASDAQ:SBUX), and Ameriprise Financial (NYSE:AMP).
- Among those dropped were McDonald's (NYSE:MCD), Wells Fargo (NYSE:WFC), Verizon (NYSE:VZ), and IBM.
- A "ruthless" quantitative security-selection method screens for growth, value, and cash flow, and filters further with other factors such as diversification.
Mar. 23, 2015, 2:35 AM
- After kicking off a race relations campaign last week, Starbucks (NASDAQ:SBUX) CEO Howard Schultz told employees on Sunday they will no longer be encouraged to write "Race Together" on drinks cups, but the company's efforts are "far from over."
- The move was met with skepticism on social media, with many complaining the company was overstepping it boundaries with a campaign on sensitive cultural topics that had no place in the coffee shop's lines.
Mar. 19, 2015, 10:38 AM
- Starbucks (SBUX +1.6%) spikes higher on strong volume a day after the company's annual meeting gives investors plenty to chew on.
- An announcement on a delivery service and the commitment to bring baristas into the conversation on race are grabbing the most notice, although it's the developments in China where some analysts see the most upside for the company.
- The decision to partner with Tingyi Holding in China solves a lot of distribution headaches for Starbucks, notes China Market Research Group.
- It also gives Starbucks a way to boost its brand in smaller cities.
- Technically-leaning traders think the 2-for-1 split is the rallying point for investors.
- Previously: Starbucks announces delivery service (Mar. 18 2015)
- Previously: Starbucks to split 2-for-1 (Mar. 18 2015)
- Previously: Starbucks on China (Mar. 18 2015)
Mar. 18, 2015, 3:42 PM
- Starbucks (NASDAQ:SBUX) didn't forget about China at today's eventful annual meeting of shareholders.
- Execs noted that China is the coffee giant's fastest-growing market and say the company plans to have 3.4K stores open in the nation within five years.
- Shanghai already has more Starbucks outlets than any other city in the world.
- The company says it signed a deal with Tingyi Holdings to produce and distribute the company's ready-to-drink products in China.
- Starbucks plans to convert tea drinks in China to the Teavana brand in 2016.
- Previous from the annual meeting: Starbucks announces delivery service, Starbucks to split 2-for-1
- Shares of SBUX staged a rally during the event to carve out a 1.8% gain.
Mar. 18, 2015, 1:27 PM
- There's more news from the Starbucks (SBUX -0.3%) Annual Meeting.
- The company has set a 2-for-1 stock split for April 9.
- The company also says it sees enough growth on the horizon to help push the company to a $100B market capitalization.
- Starbucks Annual Meeting webcast
- Previously: Starbucks announces delivery service
Mar. 18, 2015, 12:47 PM
- Starbucks (SBUX -0.6%) announces a new delivery service just in front of its annual meeting today in Seattle.
- Areas of New York City and Seattle will be the first to have the service.
- The company's new app-based ordering system being rolled out in the Pacific Northwest is expected to be available nationally by the end of the year.
- An initiative to promote positive conversations on race is also part of the company's platform today.
- The meeting is just getting underway so more jolts may follow.
- Starbucks Annual Meeting webcast
Mar. 10, 2015, 3:33 PM
- Starbucks (SBUX -0.8%) says it will expand its Mobile Order & Pay program to 650 locations spread across Washington, Idaho, Oregon, and Alaska after a successful test run in Portland.
- The company says the national roll-out will continue throughout the year.
- The edge Starbucks has in digital initiatives has kept it one of the top restaurant stock picks of some analysts.
- Previously: Diving into restaurant stocks (March 7)
Mar. 9, 2015, 8:28 AM
- McDonald's (NYSE:MCD) appears to have lost market share during February in the U.S.
- Black Box Intelligence estimates that comparable-store sales in the restaurant industry rose 2.1% in February vs. the 4% decline reported earlier by McDonald's for the month.
- The deceleration across the industry was strongly influenced by a 5.8% drop in New England due to a harsh winter month, while McDonald's cites broader promotional pressure.
- Within the burger sector, Sonic reported a sizzling 11.5% comp for its FQ2 which included all of February and didn't mention any promotional headaches.
- Retail analysts think Sonic (NASDAQ:SONC) and Jack in the Box (NASDAQ:JACK) have converted some loyal McDonald's customers - while on a smaller scale the higher-end burger concepts at Five Guys, Habit Restaurants (NASDAQ:HABT), In-N-Out Burger, and even Shake Shack (NYSE:SHAK) have had an influence.
- An even deeper dive into breakfast traffic has concluded Starbucks (NASDAQ:SBUX) has taken some coffee-on-the-go share.
- Previously: McDonald's misses Feb. comp mark as U.S. disappoints
- MCD -1.21% premarket to $95.95 after shares floated over the $100 level last week.
Starbucks Corp is the roaster, marketer & retailer of specialty coffee in the world, operating in 65 countries. It sells a variety of coffee & tea products. It sells goods and services under brands under Teavana, Tazo, Seattle's Best Coffee, etc.
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