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Futures and Commodity Market News |
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Fri Nov 20, 2009 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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Nov 07, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/7/2009-According to a Barron's writer Tiernan Ray, Starbucks (NASDAQ:SBUX) shares has the legs to keep moving higher. Ray wrote a piece entitled "Starbucks to Keep Shining," which discusses the gourmet coffee maker's most recent quarterly results, which came in better-than-expected and better than the year-ago figures (EPS of 24 cents, topping estimates of 21 cents). As a result, the stock is currently trading at its 52-week high and Ray believes it can keep moving higher since its same-store sales fell only 1% in the quarter, vs. consensus estimates for a 1.6% decline. Furthermore, Ray writes that the company has become very good at cutting costs and Starbucks faced the realization that having a store on every corner was cutting into its profits and reduced total stores by 45 locations. Write to Chip Brian at cbrian@tradethetrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html |
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Copyright, Comtex News Network, Inc. 2009 Please read the End User Agreement. News provided by COMTEX |
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