CNBC’s ‘Halftime Report Final Trades’ featured insights from market experts on Starbucks, utilities, copper, and energy stocks. Joshua Brown highlighted Starbucks’ potential to reach $100, while Shannon Saccocia favored the Utilities Select Sector SPDR Fund. Sarat Sethi recommended Freeport-McMoRan, and Joseph M. Terranova opted for Constellation Energy Corporation despite its recent pullback. Discover the rationale behind these trades and learn about the performance of these stocks.
Starbucks shares are trading higher after a mixed fourth-quarter earnings report, with analysts offering mixed opinions on the company’s new strategy under CEO Brian Niccol. While some are bullish on the long-term prospects, others remain cautious due to near-term challenges and limited visibility.
Starbucks Corp (SBUX) reported its fourth-quarter financial results, revealing a decline in sales and comparable store sales. CEO Brian Niccol outlined a new strategy to regain customer loyalty, focusing on simplifying the menu and returning to the company’s core identity. The company suspended its 2025 guidance and declared a cash dividend of 61 cents per share.
Starbucks is set to release its fourth-quarter earnings after the market close on Wednesday, October 30. Analysts expect a decline in earnings and revenue compared to the previous year. However, despite the anticipated drop, several analysts remain bullish on the coffee giant’s future, with some even raising their price targets.
This week’s 5 Things dives into crucial market insights, covering earnings season disappointments, inflation concerns, and the debate on active vs. passive investing. We discuss Las Vegas Sands’ strong earnings despite headwinds, Starbucks’ struggling sales, and the growing sentiment among investors, including Paul Tudor Jones and Stanley Druckenmiller, that bonds are no longer a safe haven. Michael Gayed from the @LeadLagReport joins us to discuss the root causes of inflation and the bullish outlook for uranium. Finally, we explore the pros and cons of active vs. passive investment strategies, offering insights for both experienced and novice investors.
Starbucks is axing its controversial Oleato drinks, infused with olive oil, from its US and Canada menus starting early November. The decision marks a simplification strategy for the coffee giant under new CEO Brian Niccol, who aims to streamline the menu after it was deemed “overly complex.” This comes amidst a period of challenges for Starbucks, including weak financial results and heightened competition.
China’s largest coffee chain, Luckin Coffee, is preparing to enter the U.S. market with its low-cost beverages, aiming to compete directly with Starbucks. The move comes after Luckin’s recovery from a major fraud scandal that led to its delisting from Nasdaq. Luckin plans to leverage its success in China by targeting cities with large Chinese populations and offering drinks at significantly lower prices than its U.S. rivals.
Starbucks shares tumbled after the company issued a dismal preview of its fourth-quarter results, revealing a projected 3% decline in revenue and a 7% drop in global comparable sales. While investors had anticipated a challenging quarter, the severity of the miss caught them off guard. Analysts are now closely scrutinizing the new CEO’s turnaround strategy, ‘Back to Starbucks,’ as the company prepares to unveil more details during its earnings call on October 30th.
Starbucks stock took a dive after the company pulled its guidance, but experienced traders see this as a potential buying opportunity. The stock found support around the $94 level, indicating a possible rebound based on investor psychology and market trends. This article explores the reasons behind this support level and the potential for a rally.
Starbucks has introduced two limited-time Halloween-themed drinks inspired by the upcoming movie ‘Wicked,’ but the launch comes at a time when the company is facing weak financial results. The company reported a decline in revenues and earnings per share for the fourth quarter, leading to a suspension of its full-year guidance.
