For the second consecutive quarter, Bed Bath & Beyond Inc. (BBBY) stock is down double digits following a disappointing earnings report. The stock plummeted more than 14 percent on Wednesday morning after the company missed second-quarter earnings estimates and issued disappointing full-year guidance.
Tesla (Nasdaq: TSLA) investors have a lot riding on a successful Model 3 rollout. But Loup Ventures analyst Gene Munster says long-term investors that consider Tesla an auto company are missing out on the big picture.
Cereal giant Post Holdings Inc. (POST) completed an under-the-radar deal to acquire refrigerated food services company Bob Evans Farms Inc. (BOBE) Tuesday for $1.5 billion. In a difficult market for large food companies, Post jumped at the opportunity to expand its refrigerated side dish offerings and provide a long-term boost to its bottom line.
With the stock already down 8.5 percent year-to-date, expectations are fairly low for General Mills, Inc. (NYSE: GIS) ahead of its fiscal first-quarter earnings release expected out before the opening bell on Wednesday morning. However, if new CEO Jeff Harmening is able to deliver on the much-needed growth he promised investors when he took over the company in…
After a tough start for the year for Sonic Corp. (Nasdaq: SONC) and Papa John’s International (PZZA), Citi analyst Gregory Badishkanian has regained his appetite back for both fast food stocks. On Monday, Badishkanian initiated coverage of Papa John’s and Sonic with “buy” ratings and said long-term investors shouldn’t worry about their underperformance so far in 2017.
Buffalo Wild Wings (Nasdaq: BWLD) investors may need to brace themselves for some disappointing numbers in the company’s third-quarter earnings report expected out in late October. However, Oppenheimer analyst Brian Bittner says the restaurant chain’s management team is steering the ship in the right direction headed into 2018.
Airline stocks may run into some turbulence in the closing months of 2017. On Friday, JPMorgan analyst Jamie Baker downgraded the stocks of American Airline Group (AAL), United Continental Holdings (UAL) and Spirit Airlines (SAVE) from “outperform” to “hold” on fears that the airlines will be unable to hit earnings targets in the fourth quarter.
Alcoholic beverage companies are facing a sobering outlook in the U.S. market. According to a new report by Berenberg, the relatively strong U.S. alcoholic beverage business has peaked and will likely stagnate in the next 10 years. Analyst Javier Lastra says U.S. alcohol consumption per capita will drop 0.4 percent annually for at least the next decade.
Amazon.com, Inc. (Nasdaq: AMZN) may be the gold standard for e-commerce investors, but it’s certainly not the only game in town. D.A. Davidson analyst Tom Forte has initiated coverage of eBay (EBAY) with a “buy” rating and says the online auction giant has plenty of growth levers to pull in coming years.
Wall Street is buzzing over the new series of Apple Inc. (Nasdaq: AAPL) products unveiled on Tuesday, but Apple won’t be the only big winner from the new family of iPhones. If the iPhone 8 and iPhone X models sell as well as most analysts are expecting, key iPhone suppliers could see meaningful revenue boosts as well.