Wedbush Raises Price Target on Starbucks Coffee (SBUX) to $70 Following 3Q15

Starbucks (SBUX) PT Raised to $64 at RBC Capital

July 24, 2015 8:40 AM EDT

RBC Capital analyst David Palmer reiterated an Outperform rating and boosted his price target on Starbucks (NASDAQ: SBUX) to $64.00 (from $60.00) due to higher sales momentum, productivity, and benign costs.

"We believe investments in innovation, technology, and brand development will fuel sales and... More

After-Hours Stock Movers 07/23: (AMZN) (P) (V) (SBUX) Higher; (SNSS) (TRUE) (TRIP) Lower (more...)

July 23, 2015 5:59 PM EDT

Sunesis Pharmaceuticals (NASDAQ: SNSS) 60.8% LOWER; announced regulatory updates from its interactions with the European Medicines Agency (EMA) and U.S. Food and Drug Administration (FDA) regarding a potential path toward marketing authorization for vosaroxin as a treatment for acute... More

Market Wrap: Initial Claims Slip to 42-Year Low; Ferrari Revs-up Its IPO; Splitsville for Pearson, FT Group

July 23, 2015 5:34 PM EDT

Market wrap for July 23rd

End of the Day: S&P 500 down 12.0 to 2,102.15; Dow Jones down 119.1 to 17,731.92; Nasdaq down 25.4 to 5,146.41

Market Brief: Several Dow Jones Industrial Components (AmEx, Dow, and Caterpillar) pressured the index following quarterly results issued last night and this morning. News comes following Apple weighing down the Nasdaq on Wednesday following its C3Q15 report.

U.S. initial jobless claims... More

Starbucks Coffee (SBUX) Tops Q3 EPS by 1c; Updates FY15 adj.-EPS Outlook

July 23, 2015 4:07 PM EDT

Starbucks Coffee (NASDAQ: SBUX) reported Q3 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.86 billion.

Global comparable store sales increased 7%, driven by a 4% increase in... More

Starbucks Coffee (SBUX) Announces Additional 50M Shares Buyback

July 23, 2015 4:05 PM EDT

Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program. This authorization has no expiration date and is in addition to the 11 million... More

Starbucks Coffee (SBUX)\, PepsiCo (PEP) Enter Agreement Covering Latin America

July 23, 2015 4:04 PM EDT

Starbucks Coffee (NASDAQ: SBUX) and PepsiCo, Inc. (NYSE: PEP) today announced they have entered into an agreement for the marketing, sale and distribution of Starbucks® ready-to-drink (RTD) coffee and energy beverages including Starbucks® Frappuccino® chilled coffee drinks, Starbucks Double Shot® Espresso and Cream, and Starbucks Refreshers® beverages in Latin America. The RTD coffee and energy beverage category in Latin America is an estimated US$4 billion business and is projected to grow by 22% over the next five years.*

The agreement leverages the respective strengths of Starbucks and PepsiCo to... More

Starbucks Coffee (SBUX), Lyft Enter Partnership

July 23, 2015 8:50 AM EDT

Starbucks Coffee (Nasdaq: SBUX) and Lyft, one of the nations leading transportation network companies, announced a new, multi-year deal that will increase value for current customers, attract new customers, reward Lyft drivers and explore a transportation benefit for partners (Starbucks employees). All Lyft drivers will have the option of becoming My Starbucks Rewards® (MSR) loyalty program gold status members, and both Lyft drivers and riders will have the opportunity to earn Starbucks loyalty stars redeemable for food and beverages at participating Starbucks stores. The collaboration builds on what is fast becoming the retail... More

Trading Radar for 7/23: GM (GM), Visa (V), 3M (MMM), Caterpillar (CAT), Comcast (CMCSA), McDonald's (MCD) Report

July 22, 2015 3:01 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 276kContinuing Claims - Street sees 2.213M

Earnings:

3M Co. (NYSE: MMM) - consensus EPS $2.00
A.O. Smith (NYSE: AOS) - consensus EPS $0.66
ABB Ltd. (NYSE: ABB) - consensus EPS $0.26
AMAG Pharma (Nasdaq: AMAG) - consensus EPS $1.13
Adeptus Health (Nasdaq:... More