The stock market today is moving on news from some major earnings reports from GRPN, LNKD, GPRO, SBUX, CVX, and XOM.
- Stock Market Today on the Move from GRPN, LNKD, GPRO, CVX, and XOM
- Stock Market Futures Dip With YHOO, SBUX, and AAPL Leading News
- Starbucks' (Nasdaq: SBUX) Stock Upgraded After Earnings Beat DNKN
- Dow Jones Today Surges on Yellen's Confidence
- Hot Stocks List: Today's Biggest Gainers
- Five Stocks to Buy Now to Play the 2014 Mobile Payment Revolution
- Stocks are Off to Their Best Start Since 1998; Is it Time to Buy Starbucks (Nasdaq: SBUX)?
Stock market futures were red across the board this morning (Thursday) following yesterday's trading session that saw U.S. markets post their largest gains in five weeks. Also this morning, the Commerce Department announced that orders for durable U.S. goods sunk by a record 18.2% in August due to fewer airplane contracts. The decline came after a record high 22.5% gain in July.
Starbucks Corp. (Nasdaq: SBUX) stock saw analyst upgrades Friday after posting stronger than expected earnings Thursday.
Jefferies, JPMorgan Securities, and Buckingham lifted price targets on SBUX stock to $88, $85, and $96 respectively. SBUX was trading around $78 Friday mid-day.
The Dow Jones today ended up 1.00% to 16,424.65 on U.S. Federal Reserve Chair Janet Yellen's comments that the U.S. economy was on the rise.
Yellen said the Fed expects the economy to reach maximum employment and meet inflation targets by the end of 2016.
The Standard & Poor's 500 Index rose 1.05% to 1,862.31, and the Nasdaq rose 1.29% to 4,086.23.
All three indexes are in the red this afternoon, but there are still hot stocks today soaring as much as 130%.
Initial public offerings (IPOs) took center stage Friday, with five debuts. It would have been six if Globoforce hadn't postponed its IPO (citing unfavorable market conditions).
Yet plenty other stocks were also making news. Following are 12 of Friday's hot stocks to watch.
More Americans are cutting up their credit cards, and it's for a reason you might not expect.
The rise of mobile applications and Near-Field Communications (NFC) technology continues to carve market share from plastic payment methods.
And now, the trend is going mainstream in one of the most trafficked businesses in America.
Starbucks Corp. (Nasdaq: SBUX) announced this week that it currently receives 11% of its U.S. and Canadian sales through its mobile application. And that figure is expected to rise as the company continues to market its convenient closed-loop payment system.
The Dow ended the first quarter at 13,212, up 8%. The Standard & Poor's 500 Index added 12% and the Nasdaq finished with a whopping nearly 19% gain.
And, if history is any guide, April should continue to bode well for stocks.
According to data from Schaffer's Investment Research, the S&P 500 has risen every April for the past five years.
In all, the index has returned an average of 4.5% for the same period, making April the best month for the market by far.
So, with all signals pointing at go, where should investors look for a jolt?
Perhaps they could take a sniff at what's brewing over at Starbucks (Nasdaq: SBUX).
Juiced About Starbucks (Nasdaq: SBUX)The Seattle-based coffee giant recently launched its first Evolution Fresh juice bar.
Located in the tony town of Bellevue, WA, not far from the company's storied headquarters, the opening has been highly anticipated, not much unlike coffee junkies waiting for their caffeine fix.
For Starbucks fans and investors, Evolution Fresh marks something of a departure.