Hey guys! Another week is coming to a close and what better way to wind down and enjoy the weekends than to have coffee with your family and friends. Sure there are plenty of places to enjoy them but we all know what comes to mind when it comes to coffee. That’s right, this week’s #FeatureFriday will feature the ubiquitous green-white coffee brand, Starbucks!
Shares of Starbucks Corporation (SBUX) Sees Large Inflow of Net Money Flow : (Released: 13/07/2016)
Starbucks Corporation’s (NASDAQ:SBUX) stocks had opened at $56.65 on Tuesday, it then recorded a low of $56.505 before the bulls momentum made the stock top out at $57.60 and finally closed at $57.48, marking a 2.06% increase for the day. The money flow analysis indicates a $90.99 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $96.33 million on upticks. According to Street Updates, the company has a 52-week high of $64.00 and a 52-week low of $42.05. Analysts expect a 12 month price target of $67.92.
Starbucks (SBUX) Stock Higher, Ups Price of Some Drinks: (Released: 12/07/2016)
Interestingly, Starbucks decision to raise prices of some of their drinks also increased the prices of their stock to $56.65 in pre-market trading Tuesday. Starbucks recently revealed in a statement that they will increase the prices of their drinks by 10 cents to 20 cents more for certain sizes of brewed coffee and 10 cents to 30 cents more for espresso beverages and tea lattes. The move increases the average customer ticket by about 1%. But 65% of beverage prices have not changed, Starbucks said. What’s even more surprising is that some people don’t mind or don’t even notice the price change. In any case, TheStreet Ratings has a “Buy” rating rating with a score of B on the stock.
Starbucks plans new upscale chains: (Released: 14/07/2016)
Starbucks is about to get more fancy as the company will create a new brand of stores called “Starbucks Reserve-only” that will provide premium, small lot reserve coffee in a more cafe-like atmosphere than the current stores. Additionally, Starbucks also announced an investment and global licensing agreement with Italian boutique bakery Princi. According to TheStreet, shares of Starbucks (NASDAQ:SBUX) are higher by 0.85% to $56.96 in pre-market trading on Thursday. Princi will also be the exclusive food provider at Starbucks’ flagship store: The Reserve Roastery and Tasting Room at Seattle.
Americans Prefer Coffee To Stocks: (Released:14/07/2016)
We all love our coffee but how much are we willing to spend on it? Apparently a lot, even more than the idea of investing. According to Investing, 61% of Americans drink coffee daily as opposed to the 48% that are investing in the market. Additionally, it seems that people are more interested in reloading their Starbucks card than contributing to their retirement saving plans. In 2014, Starbucks customers added a staggering $614 billion, resulting to a 93.2% increase in money added to the cards compared to the miniscule 4.1% added to their retirement plans. According to Bankrate, 53% of the population stated they do not have enough money to purchase stocks. I wonder where the money went to? Hmm…
Have a great weekend and keep an eye out on Starbucks’ stocks using the Call Levels app!
(Wow, what fancy place to catch up with friends!) Credits : meetup.com