Key TakeawaysStarbucks announced that it has added two Central American "innovation farms" to its coffee bean sourcing network.The farms, in Guatemala and Costa Rica, are part of Starbucks' plans to protect its supply chain from the growing effects of climate change, which can lead to increased prices for consumers.The coffee giant said it plans to invest in more farms in Africa and Asia in the future. Starbucks (SBUX) added to its efforts to protect its supply chain from the effects of climate change Thurs ...

Key TakeawaysNike shares fell in extended trading Tuesday after the apparel and equipment giant withdrew its full-year outlook and said it plans to postpone its upcoming investor day ahead of the company’s transition to a new CEO later this month.The stock has rallied more than 25% from the lower trendline of a falling wedge, though Wednesday’s projected earnings-driven selling threatens to derail the recent bullish price momentum.Investors should monitor key lower price levels on Nike's weekly chart around ...

Analyst Estimates for Q1 2025 Q4 2024 Q1 2024 Revenue $11.65 billion $12.61 billion $12.94 billion Diluted EPS 51 cents 99 cents 94 cents Net Income $770.9 million $1.5 billion $1.45 billion Key Metric: Full-Year Outlook In its most recent report, Nike gave a downbeat outlook for sales in the first quarter and fiscal 2025, citing concerns about the Chinese market, online sales, and the impact that a shift to focus on newer products could have on near-term sales. The news sent its stock sharply lower. Ahead ...

Key TakeawaysBristol Myers Squibb's drug to treat schizophrenia was approved for use by the Food and Drug Administration.The pharmaceutical firm called Cobenfy the first new treatment for the illness in decades.Bristol Myers Squibb said Cobenfy gives patients an important new option to current schizophrenia therapy. Shares of Bristol Myers Squibb (BMY) rose Friday, a day after the Food and Drug Administration (FDA) approved the use of what the pharmaceutical firm called the first treatment for schizophrenia ...

Key TakeawaysAccenture shares could remain on watchlists after jumping more than 5% Thursday following a stronger-than-expected earnings report from the management consultancy giant, which is benefitting from rising demand for its generative AI services.A recent dip in the stock found support near the 200-day moving average, with Thursday’s gap higher forming a doji—a single candlestick pattern in which the open and close prices are similar, typically reflecting indecision among market participants.Investor ...

Key TakeawaysCostco Wholesale reported fiscal fourth-quarter earnings that topped analysts’ expectations but narrowly missed on revenue.The warehouse retailer's e-commerce sales came short of estimates despite rising 18.9% year-over-year, as the pace of growth slowed.While Costco's recent hike in membership fees didn't impact the period, investors will be watching how higher fees could affect the company’s results going forward. Costco Wholesale (COST) reported fiscal fourth-quarter earnings that topped ana ...

Group 1 - Jefferies analysts downgraded Hershey to underperform and reduced their price target from $184 to $163, representing a nearly 15% decrease from the company's closing price [1] - Chocolate is lagging behind other snack categories in volume growth, with consumers opting for more cost-effective snacks like potato chips, pretzels, and cookies [1][2] - The rising price of cocoa, which has reached all-time highs due to poor harvests, is significantly increasing input costs for chocolate producers [2] Group 2 - Hershey's shares have increased by approximately 2% this year but have declined over the past 12 months [2]

Key TakeawaysJPMorgan and Jefferies analysts said Meta's AI and metaverse ambitions make it a top pick.The comments came after Meta's Connect event keynote Wednesday, where the tech giant unveiled new products and AI features.The analysts said the event showcased Meta's early progress in monetizing AI and made them more confident in Meta's growth opportunities. JPMorgan and Jefferies analysts said Meta's (META) AI and metaverse ambitions make it a top pick after the tech giant's Connect event keynote Wednes ...

Key TakeawaysThe S&P 500 added 0.4% on Thursday, Sept. 26, reaching a record closing high after a positive update on second-quarter GDP growth.Micron Technology shares soared as strong AI demand helped the memory chip maker blow past quarterly sales estimates.Shares of Super Micro Computer plunged amid reports of a federal investigation into the company's accounting practices. Major U.S. equities indexes pushed higher as the latest estimates from the Bureau of Economic Analysis showed that U.S. gross domest ...

Key TakeawaysThe volatile month for shares of Nvidia continued Thursday, with the stock gaining more than 3% in early trading only to slide into negative territory in the afternoon.The shares had rallied to start the week and are back in the green for September after falling sharply early in the month.Nearly all the analysts who cover Nvidia have a "buy" rating on the stock, with the average price target about 20% higher than where it currently trades. The volatile month for shares of Nvidia (NVDA) continue ...