Ahead of its annual shareholder meeting today, Starbucks(NASDAQ:SBUX) laid out some steps it could take on the sustainability front. Oneof those included plans to establish an electric-vehicle charging network with partner Volvo at Starbucks (SBUX) stores nationwide. The other centered around reducing its disposable cup use, which are not only a crucial utensil for coffee giant, but feature its iconic green-and-white colors. (SBUX) is embarking on 20 different types of tests - across eight markets - to figure out the best way to ditch the single-use cup. One will test financial incentives for reusable mugs or deterrents for disposables, while another will explore washing stations, where customers will be able to have their personal cups cleaned before ordering a beverage. A borrow-a-cup program is also in the works, where a deposit is paid for a reusable cup until they are returned to stores (plastic straws will additionally be replaced with compostable options).- Humanigen rallies 13% after chief scientific officer buys more shares Mar. 16, 2022 3:17 AM ET HGEN The shares of clinical-stage biotech, Humanigen (HGEN+13%) Chief Scientific Officer Dale Chappell bought 1M shares in multiple transactions for $3 worth ~$3M. Post these transactions, the officer owns 7.9M shares. On March 11, the company gained the most in nearly a year on Chief Scientific Officer insider buying. YTD, the stock lost 85.2%. Shoe Carnival aims to add 10 plus new stores during FY22 06:35 SCVL During fiscal 2021, the company completed a multi-year store productivity improvement program. The result of this strategic initiative is that all ongoing stores generated positive cash flow during fiscal 2021. The full fleet productivity is strong, generating sales of over $300 per square foot, net cash provided by operating activities of $148 million, and free cash flow of $117 million. As such, the company has completed the program and expects limited, if any, store closings for the next several years. Based on customer response to our store modernization program, the Company has accelerated capital investments, and now aims to complete the rollout of the program across the fleet by the end of fiscal 2024. Approximately 20 percent of the store remodels were completed by the end of fiscal 2021, and the Company expects 50 percent of the store remodels to be completed by the end of fiscal 2022. In December, the Company acquired substantially all of the assets of Shoe Station, Inc., a leading Southeast retailer of footwear and accessories. As of March 16, 2022, the Company has completed back-office integrations approximately nine months ahead of schedule and expects to transition into store growth later in 2022. The Company's strategic plan is to accelerate store count expansion during each of the next three years, and aims to add 10 plus new stores during fiscal 2022, over 20 new stores in fiscal 2023, and over 25 new stores annually by fiscal 2024
There can be no doubt shoes are a bare essential. Van suggested NIKE but in the end the safer play may be Shoe Carnival. Shoe Carnival sees FY22 EPS $3.80-$4.10, consensus $3.85 06:33 SCVL FY22 net sales are expected to increase 4%-7% compared to the prior year, on top of the 36.2% increase achieved during fiscal 2021, consensus $1.38B. 2nd Stock Of The Day- SCVL
(CPTN) NasdaqCM - NasdaqCM 4.2800-1.7300(-28.79%) <-------- why down 28%? At close: March 15 04:00PM EDT 4.9000+0.62(+14.49%)<---------- why upgrade today? Pre-Market:08:00AM EDT
Virgin Orbit Holdings, Inc. (VORB) 6.03+0.71(+13.35%)<----------- On a down day for space stocks! At close: March 15 04:00PM EDT 6.05+0.02(+0.33%) Pre-Market:07:00AM EDT
(FDX) Update earnings on tap Thursday<------- Up $6. NYSE - NYSE 216.23+5.10(+2.42%) At close: March 15 04:00PM EDT 219.18+2.95(+1.36%) Pre-Market:08:08AM EDT
ASO) If you look carefully you can find clues. Yesterday up 4% but lets look at volume. 23 mil vs 2.8 average<---------- Volume --->23,266,575 Avg. Volume 2,812,885 Is sports stuff and outdoor stuff a bare essential? .....
What does it mean to be contrarian? Shut up and I'll tell you!... Down is up and up is down. So when we have a day like today when Chinese stocks lead the way... the best thing a contrarian can do is see what is not working as of late... and pounce. And that brings us back to oil and gas. LNG we topticked and it went down from $136--$126 so we can see this is a VERY active HF traded name... AR - Only went from $27 (a 52 week high) to $25<---- This is real RS/// TRMLF- $41--- $38.25<-- also good RS.
B. Riley says teen/young adult apparel 'poised for a breakout' 08:19 AEO, ANF, URBN B. Riley analyst Susan Anderson believes the teen/young adult apparel space is "poised for a breakout" in the next year. History has shown multiple times that the space has seen "significant and quick rebound post recessionary troughs," Anderson tells investors in a research note. The analyst says the risk/reward profile for American Eagle (AEO), Abercrombie & Fitch (ANF) and Urban Outfitters (URBN) "heavily weigh towards the reward side as there is an opportunity for the names to rerate back to non-recessionary levels." She reiterates Buy ratings on the three stocks. The teen/young adult space is approaching recession level valuations yet a recession hasn't started, writes Anderson.