BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

Early movers Insight : TRV, VZ, DHI, DGX, BX, KEY, AXP, GM, SBUX, & more

Early movers Insight : TRV, VZ, DHI, DGX, BX, KEY, AXP, GM, SBUX, & more

BUZ INVESTORSS Early movers Insight Which companies are making headlines before the bell

BUZ INVESTORSS  Early movers Insight Which companies are making headlines before the bell

High cat losses ding Travelers quarter

Q1 core income of $614M or $2.16 per share vs. $698M and $2.33 a year ago. What used to be called “operating income” is now called “core income.” This year’s result was impacted by $318M in pretax catastrophe losses.

The combined ratio of 96% deteriorated from 92.3% a year ago; underlying combined ratio of 91.7% vs. 90% a year ago.




 Early movers Insight

Net investment income up 9% Y/Y.

Net written premiums up 5%; in personal insurance up 12% – which include the impact of auto rate increases.

Adjusted book value per share of $81.56 up 1% during quarter. 2.4M shares bought back during quarter for $286M.

Dividend is boosted to $0.72 per quarter, and anther $5B of repurchases is authorized.

Verizon misses by $0.01, misses on revenue

Verizon (NYSE:VZ): Q1 EPS of $0.95 misses by $0.01.

Revenue of $29.8B (-7.4% Y/Y) misses by $690M.

Shares +1.6% PM.

  • Consolidated: 84 cents in earnings per share (EPS) and adjusted EPS (non-GAAP) of 95 cents, excluding non-operational items, compared with EPS of $1.06 in 1Q 2016.
  • Wireless: Retail postpaid churn of 1.15 percent, with strong customer loyalty demonstrated by retail postpaid phone churn of less than 0.90 percent for the eighth consecutive quarter; intra-quarter improvement in net additions following the launch of Verizon Unlimited.
  • Wireline: Fios total revenue growth of 4.7 percent.

 

D.R. Horton up 0.9% after earnings beat, raised guidance

FQ2 net income of $229.2M or $0.60 per share vs. $195.1M and $0.52 one year ago.

Homes closed up 15% to 10,685 homes; up 18% in value to $3.2B.

Net sales orders up 14% to 13,991 homes; up 17% in value to $4.2B.

Backlog up 7% to 14,618 homes; up 9% in value to $4.4B.

Full-year fiscal 17 guidance is boosted: Revenues seen at $13.6B-$14B from $13.4B-$13.8B; homes closed to 44.5K-46K from 43.5K-45.5K. Guidance for pretax profit margin remains at 11.2-11.5%; home sales gross margin stays at around 20%, and cash flow from operations still at $300M-$500M.

Quest Diagnostics beats by $0.15, beats on revenue

Quest Diagnostics (NYSE:DGX): Q1 EPS of $1.33 beats by $0.15.

Revenue of $1.9B (+2.2% Y/Y) beats by $30M.

– First quarter diluted EPS of $1.16 on a reported basis, up 63.4% from 2016; and $1.33 on an adjusted basis excluding amortization, up 17.7% from 2016. Excess tax benefit associated with stock-based compensation increased diluted earnings per share by $0.11 in the quarter.

– Raises outlook for full year 2017 diluted EPS. Reported diluted EPS now expected to be between $4.73 and $4.88; and adjusted diluted EPS excluding amortization expense now expected to be between $5.45 and $5.60

Blackstone beats by $0.14, beats on revenue

Blackstone (NYSE:BX) today reported its first quarter 2017 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported outstanding results in the first quarter, marked by
strong returns across our major fund strategies as well as our best quarter for realizations on record. The result was a more than doubling of
revenue and earnings versus the prior-year period, and our second best quarterly distribution ever, at $0.87 per common unit. In total, we will have
distributed nearly $14 per common unit of value since the IPO, including $2.50 per year on average over the past three years(a), making Blackstone
consistently one of the highest yielding large-capitalization companies in the world.”
Blackstone issued a full detailed presentation of its first quarter 2017 results, which can be viewed at www.blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.87 per common unit to record holders of common units at the close of business on May 1,
2017. This distribution will be paid on May 8, 2017.

KeyCorp beats by $0.04, beats on revenue

Noninterest expense, excluding merger-related charges, down 8% from 4Q16, resulting in a cash efficiency ratio of 60.4% in 1Q17

Significant progress on merger synergies; expect to achieve $450 million in acquisition cost savings by early 2018

Return on average tangible common equity, excluding merger-related charges, of 12.9% for 1Q17

AmEx +2.3% after earnings; analysts weigh in

A middle-of-the-roader on the stock, Morgan Stanley’s Betsy Graseck acknowledges improving revenue growth, but says American Express (NYSE:AXP) will likely need to continue paying for that growth with another boost in promotional offerings next year. She lifts her price target to $85 from $83.

Nomura’s Bill Carcache reiterates his Reduce rating and $63 price target. The stock should do well today, but he figures at least some of the beat was driven by non-recurring items like record Q4 investment spending, and unsustainable cuts in marketing and promotion.

Another bear on the name, RBC’s Jason Arnold says not to forget the boost to Q1 provided by a lower tax rate. Heated competition means marketing/rewards expense pressure isn’t going anywhere. He lifts his PT to $63 from $60.

A bull on AmEx, Bernstein’s Kevin St. Pierre says robust adjusted revenue growth bolsters his case, with 12%-plus EPS growth doable beyond this year. He lifts his PT to a Street-high $95.

Shares +2.3% premarket to $77.29.

GM ceases Venezuelan operations

General Motors (NYSE:GM) is ceasing its Venezuelan operations after its assets in the country were seized by public authorities.

“In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities,” General Motors Venezolana said in a statement.

The action will cause “irreparable damage” to the unit, its 2,678 workers, 79 dealers and suppliers.

Stifel Nicolaus positive on Starbucks

Stifel Nicolaus upgrades Starbucks (NASDAQ:SBUX) to a Buy rating from Hold on a positive view for the chain’s comparable sales track.

The firm sees U.S. comparable sales growth of at least 5% to 6% for the next four quarters beginning in FQ3 after coffee giant turns in around a 3% gain for the current quarter. Global comparable sales are seen rising at a mid-single-digit pace this fiscal year.

Looking further down the road, Stifel thinks Starbucks can expand its ready-to-drink and packaged coffee/tea businesses.Like up on FACEBOOK


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Buz Investors Bullish on SBUX Stock (NASDAQ:SBUX) stock has been stuck in a trading range over the past year. When a stock is in a trading range, either the market is missing something or there is an issue with the business’s operations. There is also always the possibility that shareholders are not being treated well or something is fundamentally wrong with the company.

Starbucks Corporation: 3 Reasons to be Bullish on $SBUX Stock

Starbucks Corporation: 3 Reasons to be Bullish on SBUX Stock

  • Buz Investors  Bullish on SBUX Stock (NASDAQ:SBUX) stock has been stuck in a trading range over the past year.
  • When a stock is in a trading range, either the market is missing something or there is an issue with the business’s operations. There is also always the possibility that shareholders are not being treated well or something is fundamentally wrong with the company.
  • The only way to really know is to observe the entire company and determine what is really going on with Starbucks.

 

Bullish on SBUX Stock Returning Money to Shareholders

 

Buz Investors Bullish on SBUX Stock <span data-recalc-dims=(NASDAQ:SBUX) stock has been stuck in a trading range over the past year. When a stock is in a trading range, either the market is missing something or there is an issue with the business’s operations. There is also always the possibility that shareholders are not being treated well or something is fundamentally wrong with the company." width="300" height="257" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/SBUX-Stock-350x300.resized.jpg?resize=300%2C257 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/SBUX-Stock-350x300.resized.jpg?w=560 560w" sizes="(max-width: 300px) 100vw, 300px" />Bullish on SBUX Stock The first was in the form of a dividend, with $0.25 per share being paid at this time. The payment has grown over time, increasing 400% since 2010. The best indicator to see if the dividend can continue to grow is the payout ratio, which is the percentage of earnings that are paid out via the dividend. In the case of Starbucks, the payout ratio is just below 50%, meaning future hikes are possible.

Starbucks is a unique retailer in that it has many brick-and-mortar stores, in the right locations, which helps the bottom line. Over the next four years, the total store count is expected to grow by

 

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Bullish on SBUX Stock

 

approximately 50%. These new locations are expected to be placed all around the world, to add to the overall diversification of the company. Due to this increase in the store count, the company is expecting double-digit earnings per share (EPS) growth. (Source: “Starbucks Presents Its Five-Year Plan for Strong Global Growth Fueled by a Robust Pipeline of Innovation at Biennial Investor Conference,” Starbucks Corporation, December 7, 2016.)

Another factor to consider when looking at SBUX stock as an investment would be the volatility. Compared to the index, SBUX stock’s day-to-day movement is less than the overall market on a down day. This is based on the stock’s beta of 0.73.

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Starbucks Corporation: Why SBUX Stock Set to Rebound

Starbucks Corporation: Why SBUX Stock Set to Rebound

Starbucks Corporation: Why SBUX Stock Set to Rebound

  • Buz Investors Hyped up SBUX Stock Set to Rebound Starbucks Corporation (NASDAQ:SBUX) stock was hammered this year due to investors’ concerns regarding its recent sales performance. SBUX stock lost 11% of its value year-to-date. SBUX stock went down from its highest trading price of $61.79 per share in February to around $53.40 per share on October 6.
  • nvestors are wondering: is it time to bail or buy SBUX stock? Should investors consider investing now to take advantage of the current discount on Starbucks stock?
  • In the third quarter, Starbucks stock reported adjusted earnings of $0.49 per share and revenue of $5.24 billion, an increase of seven percent and 17% year-over-year, respectively. According to the company, its global comparable store sales climbed four percent. (Source: “Starbucks Reports Record Q3 Financial and Operating Results,” Starbucks Corporation, July 21, 2016.)

SBUX Stock Set to Rebound Financial Performance

 SBUX Stock Set to Rebound

SBUX Stock Set to Rebound Wall Street analysts expected the company to deliver $5.33 billion in revenue in the third quarter. The company’s $4.99 billion revenue in the second quarter was also slightly below the expectation of $5.03 billion. Starbucks management explained that the company experienced temporary headwinds, but remained optimistic regarding its long-term profitable growth.

One of the factors that affected the company’s sales performance was the change implemented on the “Starbucks Rewards” program. Customers complained based on their perception that they have to spend more on Starbucks to get the same number of rewards in order to get a free item. (Source: “Customers Are Furious With Starbucks’ New Rewards Program,” Fortune, February 23, 2016.)

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During the company’s third-quarter earnings call, Starbucks CEO Howard Shultz said shifting the loyalty program from a frequency-based to a spend-based model is among the boldest and most strategic moves of the company.

Starbucks is also extending its footprint for its consumer packaged goods (CPG) globally through partnerships. It started shipping its ready-to-drink products in Latin America in collaboration withPepsiCo, Inc. (NYSE: PEP). Starbucks also signed an agreement with Anheuser-Busch Inbev SA (ADR) (NYSE: BUD) to offer “Teavana” ready-to-drink premium flavor options to consumers across the United States.