Volume Spike Investor » SBUX

Top Day Trader Alerts (ADBE, GENZ, JBL, LEN, LINE, MEE, NVAX, SBUX)

247admin — Wed, 24 Mar 2010 13:13:56 +0000

Adobe Systems Inc. (NASDAQ: ADBE) beat earnings expectations and said that its business is improving. Shares are up over 5% at $37.10 despite a red market this morning. At 9:04 AM EST we have seen 295,000 shares trade hands and the 52-week range is $20.39 to $38.20.

Genzyme Corporation (NASDAQ: GENZ) is down after reports that the FDA took an enforcement action on its Allston plant which has been a trouble for the company. At 9:05 AM EST we have seen shares drop over 4.5% to $56.39 on almost 500K shares.

Jabil Circuit Inc. (NYSE: JBL) showed that its earnings beat expectation but on light revenues. The company reported Q2 results of $0.29 EPS on $3 billion in revenue. Thomson Reuters had estimates at $0.28 and $3.01 billion. At 9:05 AM EST shares are down 7.35% at $17.01 on almost 60,000 shares. The 52-week range here is $3.73 to $18.49.

Lennar Corp. (NYSE: LEN) announced this morning that its Q1 loss narrowed as margins and orders rose. The home builder has also said that it is on track to become profitable this year. Shares are up 5.8% at $18.05 and hitting a new 52-week high above $17.88. At 9:05 AM EST we have seen only 83,000 shares trade hands.

Linn Energy, LLC (NASDAQ: LINE) is lower after it priced its 15 million unit secondary at $25.00, which is where it closed yesterday. Shares are down 0.7% at $24.83 on 950,000 shares at 9:08 AM EST.

Massey Energy Co. (NYSE: MEE) priced its planned 8.5 million shares secondary offering. The Secondary priced at $49.75 versus a $50.88 close yesterday. At 9:07 AM EST we have seen 375K shares trade and the stock is down 1% at $50.35.

Novavax, Inc. (NASDAQ: NVAX) is up on positive swine flu data this morning. At 9:08 AM EST we have shares up over 7% at $2.51 on 150K shares.

Starbucks Corp. (NASDAQ: SBUX) as expected is declaring its first ever dividend of $0.10 per quarter and said it would allocated 35% to 40% of net income for future dividend policies. The company also authorized 15 million shares for buyback. At 9:09 AM EST we have seen 135K shares trade and the stock is up 2.13% at $25.95. The prior 52-week range WAS $10.74 to $25.66.

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JON C. OGG

PREMARKET ALERT: Starbucks (SBUX)

247admin — Wed, 22 Jul 2009 12:13:51 +0000

Starbucks Corp. (Nasdaq: SBUX) shares rose 9 percent to $16.04 in early premarket trading of more than 21,000 shares. The coffee chain last night posted better-than-expected fiscal Q3 results and fiscal 2009 guidance. The company posted Q3 EPS of 24 cents a share, ex items, or 5 cents above analyst consensus. Revenue fell nearly 7 percent to $2.4 billion, slightly above expectations of $2.38 billion. Cost savings in the quarter were $175 million, exceeding the company’s previously announced target of $150 million. For fiscal 2009, the company sees EPS in a range of 74 to 75 cents a share, vs. 70 cents consensus. — Mike Tarsala

Volume Alert: Starbucks (SBUX)

247admin — Tue, 30 Jun 2009 14:15:22 +0000

Starbucks Corp. (Nasdaq: SBUX) shares are down roughly 4% as of 10:15 a.m. Eastern, trading roughly a third of its aveage daily volume in the first 45 minutes of trading. The stock appears to be cooling following the release of industry data from NPD Group that showed gourmet coffee and tea sales fell 12.6% from year-ago levels. Also, contacts say that a top-tier brokerage suggests Starbucks same-store sales in June may have fallen more than analysts are anticipating. — Mike Tarsala.

Starbucks leads stocks percolating on analyst actions (SBUX, ETFC)

247admin — Tue, 23 Jun 2009 12:09:54 +0000

Starbucks Corp. (Nasdaq: SBUX) shares are up about 2% on fairly strong premarket volumes after analysts at Robert Baird upgraded the shares to an Outperform rating, raising their price target to $17 from $15. Analysts noted that industry traffic has improved over the past three months and that the company continues to make cost cuts.

E-Trade Financial (Nasdaq: ETFC) shares are up about 8% on strong early premarket volume after the stock was upgraded to an Outperform rating at FBR Capital, with a $2 stock target. Mortgage-related losses may remain a problem for the company, but analysts said the wost may be over for E-Trade, now that it has nearly $2 bln of new capital as of last week. — Mike Tarsala

Major Stocks Heading Under $10 (AEO, BCS, C, GLW, DRYS, IPAR, IPCS, LULU, LTD, OMTR, RSH, RGS, SCOR, LUV, SBUX, WFMI)

247admin — Wed, 12 Nov 2008 21:33:02 +0000

We have been amazed at how many stocks have been cut in half or more, but there is a new list for the wall of shame today. We broke down 16 major household names into two lists so that it would not just go on and on, but here are the links to the full synopsis along with an explanation for each:

Stock tickers on list one are AEO, BCS, C, GLW, DRYS, IPAR, IPCS, LULU
Stock Tickers on list two are LTD, OMTR, RSH, RGS, SCOR, LUV, SBUX, WFMI

Jon C. Ogg
November 12, 2008

After-Hours Volume Surge: Starbucks (SBUX)

247admin — Tue, 01 Jul 2008 20:31:08 +0000

Starbucks Corp. (NASDAQ: SBUX) is seeing a surge in after-hours trading volume. Shares closed down 0.76% at $15.62 in normal trading today, but we are seeing shares actually trade higher by 3% at $16.14. As of 4:32 PM EST we have seen some Shares had been briefly been halted for news that the company was increasing the number of store closures in its restructuring. It seems that Wall Street will accept anything right now, including a fallen-from-grace growth company, who is going to slow its own growth even further.