Howard Schultz’s departure as CEO does not affect Starbucks’s (NASDAQ:SBUX) outlook because he has put in place the right strategy for the long term. While sixteen years ago his standing down as CEO led to a disappointing period for the company, this time it is different. The company is focused on emerging market expansion, the delivery of premium products to create a new niche and in developing customer loyalty through the use of technology and a loyalty program.
Further, the man who will take over from Schultz, Kevin Johnson, is the right man to deliver on the company’s strategy. Importantly, he is trusted by Schultz and has worked as his number two for two years. Therefore, he knows what the vision for the company is, as well as how to deliver on the strategy which Schultz has put in place for over the medium to long term. Therefore, I’m bullish on Starbucks’s future even without Schultz as CEO.
Last time around
Clearly, investors look at the depart ure of Schultz and worry that it will be a similar experience to that of sixteen years ago. Following that change in management, Starbucks endured a difficult period where sales came under pressure, it expanded into new product areas such as selling CDs and simply lost its way. Schultz takes at least part of the blame for this, saying in a recent interview that he wasn’t emotionally ready to hand over power.
Best Tech Stocks To Own For 2017: Nuance Communications Inc.(NUAN)
- [By Lisa Levin]
Shares of Nuance Communications Inc. (NASDAQ: NUAN) got a boost, shooting up 10 percent to $17.05 after the company posted better-than-expected Q4 earnings. Raymond James upgraded Nuance Communications from Outperform to Strong Buy.
Best Tech Stocks To Own For 2017: Glu Mobile Inc.(GLUU)
- [By Lee Jackson]
Glu Mobile Inc. (NASDAQ: GLUU) was started with a Neutral rating and a $2.30 price objective at Mizuho. The Wall Street estimate is$2.56. The 52-week range is $1.73 to $4.00, and the stock closed yesterday at $2.10.
- [By Peter Graham]
A long term performance chart shows that Zynga Inc peaked after the IPO, but has at least been less volatile since then compared to the performance of remaining small cap mobile gaming stockGlu Mobile Inc (NASDAQ: GLUU) and large capActivision Blizzard:
- [By Peter Graham]
The Q4 2016 earnings report for small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU)is scheduled for after the market closes onWednesday (February 8). In the past, our SmallCap Network Elite Opportunity (SCN EO) portfolio had open positions in other mobile game stocks with our SCN EO newsletter notingin August 2015 before that summers market meltdown:
Best Tech Stocks To Own For 2017: Identiv, Inc.(INVE)
- [By Lisa Levin]
The industries that are driving the market today are:
Cement: This industry gained 3.4 percent by 2:30 pm. The top stock within the industry was Cemex SAB de CV (ADR) (NYSE: CX), which gained 4.7 percent. Cemex’s PEG ratio is 0.16. Computer Peripherals: This industry rose 2.6 percent by 2:30 pm ET. The top performer in this industry was Identiv Inc (NASDAQ: INVE), which gained 13.5 percent. Identiv shares have climbed 44.83 percent over the past 52 weeks, while the S&P 500 index has increased 8.61 percent in the same period. Internet Service Providers: The industry gained 2 percent by 2:30 pm. The top performer in this industry was TrueCar Inc (NASDAQ: TRUE) which gained 3.4 percent. TrueCar shares have jumped 60.90 percent over the past 52 weeks, while the S&P 500 index has increased 8.61 percent in the same period. Regional – Southwest Banks: This industry moved up 1.9 percent by 2:30 pm. The top performer in this industry was Veritex Holdings Inc (NASDAQ: VBTX), which rose 6.6 percent
Best Tech Stocks To Own For 2017: Apple Inc.(AAPL)
- [By WWW.THESTREET.COM]
Are you sensing a little resistance? Cramer and the AAP team look at Apple (AAPL) , Facebook (FB) , Alphabet (GOOGL) , and Schlumberger (SLB) in their weekly roundup. Be ready for the week ahead and find out what they’re telling their investment club members with a free trial subscription to Action Alerts PLUS.
- [By Kumar Abhishek]
Shares of Cupertino, California-based tech giant, Apple Inc (NASDAQ:AAPL) have been rallying for the past one month, hitting a new all-time high. Apple stock has gained more than 12% since the last earnings report and is up around 18% YTD compared to an 8.6% gain in the Nasdaq Composite (INDX:COMPX). AAPL stock has been buoyedby improving consumer sentiments, better thanexpected resultsand the hype around the launch of iPhone 8 later this year.Another factorwhich has been in news recently and which can provide a billion dollar opportunity for Apple is its increased focus on the emerging markets, especially India.
- [By Brian Mathews]
Apple Inc. (NASDAQ: AAPL) is one of the most recognized brands and companies in the world. It is the largest company by market capitalization, with over $665 billion. Apple continually surprises investors with its constant stream of new products and ability to retain its customer base. The same is expected in 2016, with Apple potentially releasing a smaller iPhone and a new iPhone 7 model. Apple also continues to diversify from its phone segment by further developing the Apple Pay, Apple Watch and Apple TV markets. Apple has had a fairly volatile year in 2015, but expect the stock to appreciate next year with most analysts giving it a price target of $140.
Best Tech Stocks To Own For 2017: Archrock, Inc.(AROC)
- [By Dustin Parrett]
Share PriceYTDMarket CapClayton Williams Energy Inc. (NYSE: CWEI)$138.8216.4%2.4BDiamondback Energy Inc. (Nasdaq: FANG)$106.365.42%$9.38BWestern Gas Partners LP (NYSE: WES)$65.6411.71%$9.67BTesoro Logistics LP (NYSE: TLLP)$59.3416.79%$6.25BResolute Energy Corp. (NYSE: REN)$46.0811.87%$931.13MAntero Midstream Partners LP (NYSE: AM)$34.9813.28%$6.4BExterran Corp. (NYSE: EXTN)$33.9942.22%$1.19BDominion Midstream Partners LP (NYSE: DM)$32.9011.34%$2.6BNextEra Energy Partners LP (NYSE: NEP)$31.1922.12%$1.68BArchrock Inc. (NYSE: AROC)$16.0021.21%$1.12B
While some of these stocks have performed well, we arent recommending this list of natural gas stocks. Thats because we arent interested in stocks that have already peaked at Money Morning; were interested in the next big winner. And we have one that could surge in 2017