Shares of Starbucks (NASDAQ:SBUX)�fell below the $50 mark on Wednesday afternoon, heading even lower on Thursday morning after announcing that its CFO was leaving the company. If you can't recall the last time Starbucks traded this low, you're not alone. You have to go back three summers -- to August 2015 -- to find the last time the stock traded lower.
There are plenty of reasons for Starbucks falling out of favor with investors, but it all boils down to slowing growth prompting concerns about the concept's near-term popularity. The barista baron has disappointed the market with back-to-back quarters of 2% growth in global comps, but last week it warned that comparable-store sales will rise a mere 1% in its fiscal third quarter. The chain is underperforming its long-term goal of 3% to 5% growth in comps as well as the 3% forecast for the current quarter that it was targeting two months ago. Starbucks blames sluggish sales of its signature Frappuccino beverages on health and wellness trends. Analysts blame cutthroat competition. With Starbucks stock now at its lowest level in nearly three years, the real question for investors is if the chain is in a long-term slump or if this is a great buying opportunity.
Hot Oil Stocks To Buy For 2019: Watsco, Inc.(WSO.B)
Advisors' Opinion:- [By Shane Hupp]
Watsco Inc Class B (NYSE:WSO.B) declared a quarterly dividend on Monday, July 2nd, NASDAQ reports. Stockholders of record on Tuesday, July 17th will be given a dividend of 1.45 per share by the construction company on Tuesday, July 31st. This represents a $5.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, July 16th.
Hot Oil Stocks To Buy For 2019: Infinity Property and Casualty Corporation(IPCC)
Advisors' Opinion:- [By Shane Hupp]
Berkshire Hathaway Inc. Class B (NYSE: BRK.B) and Infinity Property and Casualty (NASDAQ:IPCC) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, earnings, dividends and risk.
- [By Joseph Griffin]
ValuEngine lowered shares of Infinity Property and Casualty (NASDAQ:IPCC) from a strong-buy rating to a buy rating in a research report released on Saturday morning.
Hot Oil Stocks To Buy For 2019: Meritage Corporation(MTH)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Meritage Homes (MTH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By JJ Kinahan]
Next week is big for housing numbers. March existing home sales figures are scheduled for Monday and new home sales for March along with the February S&P Case-Shiller Home Price Index on Tuesday. As for homebuilders, Pulte Group, Inc. (NYSE: PHM) is scheduled to report Q1 results Tuesday, and D.R. Horton Inc (NYSE: DHI) is scheduled to report fiscal Q2 numbers on Thursday. The industry already has seen strong Q1 results from Lennar Corporation (NYSE: LEN), and housing starts and building permits in March rose more than expected. These results, as well as those and the economic data from next week could provide clues for the industry going forward. After NVR, Inc. (NYSE: NVR) reports results this morning, Meritage Homes Corp. (NYSE: MTH) releases its Q1 results April 25. We’ll have to wait until next month for some of the other homebuilders, as well as from home improvement companies Home Depot, Inc. (NYSE: HD) and Lowe’s Companies Inc (NYSE: LOW), before we get a more complete snapshot of the housing market.
- [By Max Byerly]
Get a free copy of the Zacks research report on Meritage Homes (MTH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Jason Hall]
When�Meritage Homes Corp.�(NYSE:MTH) Chairman and CEO Steve Hilton said the company was going to change its strategy and focus on lower-cost starter homes a few years ago, many industry followers probably thought it was a mistake. At the time -- and to some extent this has continued -- the most successful homebuilders were focusing upmarket on more high-end communities.�
No comments:
Post a Comment