Consumer Discretionary

Holiday Promotions Drove Peak Traffic at Starbucks, Dunkin’

/ / Consumer Discretionary /

Dunkin’s busiest day of 2023 was on National Donut Day which falls of the first Friday in June, while Starbucks’ busiest traffic day was November 4, the first Saturday after its holiday menu launched, according to a report from Placer.ai. Dunkin’ gives out a free donut with a drink purchase on National Donut Day, and on Friday June 2 it saw a near 50% increase in visits compared with its 2023 daily average, the report said. Starbucks meanwhile saw visits spike 68% on November 4 compared with its 2023 daily average, though Black Friday wasn’t far behind, with visits jumping almost 65% that day, according to the Placer.ai data.

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Starbucks Likely to See Slowing US Momentum, ‘Pressured’ China Trends in Fiscal Q1, UBS Says

/ / Consumer Discretionary /

Starbucks (SBUX) is expected to see slowing US momentum and “pressured” China sales trends in fiscal Q1, along with potential updates to fiscal year 2024 guidance, UBS said in a note. The coffeehouse chain will report its earnings results on Tuesday. “Concerns about slowing US trends to exit the quarter and more difficult F2Q comparisons have investors mixed on whether FY24 guidance for comps of 5% to 7% and adjusted EPS of 15% to 20% will be reduced or reiterated,” UBS analysts said. They said valuation of the stock is undemanding, and the company remains well positioned long term with an attractive growth profile, but they kept their neutral rating for now, pointing to uncertainty around expected US and China sales pressures. Price: 93.09, Change: +0.29, Percent Change: +0.31

Starbucks Likely to See Slowing US Momentum, ‘Pressured’ China Trends in Fiscal Q1, UBS Says Read Post »

McDonald’s 4Q Results Likely Impacted by Middle East Conflict

/ / Consumer Discretionary /

McDonald’s is expected to post 4Q results that include negative impacts from ongoing conflict in the Middle East, Baird analysts say in a research note. They expect the rest of the business to deliver a good performance and show solid overall operating momentum in the new year once the fast-food giant gets past a difficult 1Q comparison. But the analysts are trimming their 4Q estimates to reflect expectations for weakness in the Middle East, along with softer trends in Japan and uncertainties about China.

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GM Stock Is on a Tear, Raising the Stakes for Earnings — Barrons.com

/ / Consumer Discretionary /

Don’t look now, but General Motors shares have taken off. That puts its fourth-quarter earnings, and management’s forecasts for 2024, front and center for investors. As of the close on Monday, the stock was up some 26% since mid November, fueled by a new four-year-plus labor deal with the United Auto Workers and plans to raise the dividend. That is better than Ford Motor, Stellantis, and Toyota Motor shares, but those three have all posted positive returns. Tesla stock has fallen almost 20% over the same span. The S&P 500 is up about 9%. The kind of outperformance means that investors expect good news when quarterly results come. And good news starts with beating Wall Street’s estimates for earnings. For the fourth quarter, Wall Street expects an operating profit of $1.9 billion and earnings per share of about $1.16 from sales of $39.5 billion, according to Bloomberg. The results are

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings

/ / Consumer Discretionary /

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -26.66% Barclays $100 → $110 Maintains Underweight 01/22/2024 0.01% Needham → $150 Reiterates Buy → Buy 01/17/2024 0.01% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -10.66% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -33.33% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -6.66% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -9.33% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 6.67% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -21.33% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -17.99% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -30% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -9.99% Wedbush $145 → $135 Maintains Neutral 11/02/2023 0.01% Needham $160 → $150 Maintains Buy 10/31/2023 -13.33% Mizuho $150 →

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American Airlines Stock Gets Another Upgrade. Why Wall Street Is Turning Bullish. — Barrons.com

/ / Consumer Discretionary /

American Airlines stock picked up another Buy rating Monday as Wall Street continued to warm to the shares after the carrier’s fourth-quarter earnings. Citi analysts upgraded the stock to Buy from Neutral, noting that the mainline airlines have moved into a position of strength in the postpandemic environment because of their diversified revenue streams and premium offerings. “Against this backdrop, American’s ongoing deleveraging focus and continued low capex, along with protracted industry capacity constraints, should continue to support the likes of American Airlines,” Citi’s Stephen Trent said in a note Monday. His target price of $20 implies a 32% gain from Friday’s closing price. He still prefers Delta Air Lines and United Airlines, but his call puts American ahead of Neutral-rated Southwest Airlines. Sentiment toward the stock on Wall Street is starting to shift, with 43% of those covering the shares rating them Buy. That is the highest since November

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3 Things From Tesla’s 10-K. How Much It Really Spends on Marketing. — Barrons.com

/ / Consumer Discretionary /

Investors should always peruse the annual filings of the companies in their portfolios. They contain details that may be left out of earnings releases and conference calls. Monday, Tesla filed its annual report on a form 10-K with the Securities and Exchange Commission. It offers analysts and investors another chance to look under the hood and check the health of the world’s most valuable car company. Here are a few noteworthy items — including how much Tesla really spends on marketing — along with a little history. Recalls Don’t Tell Investors Much Tesla spent about $1.2 billion on warranty repairs in 2023, up from about $800 million in 2022. That 50% increase isn’t alarming. After all, Tesla is growing with more cars on the roads. Tesla’s 2023 warranty expense works out to $250 per car still covered in the five-year warranty, the same cost per car as in 2022. The

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Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings

/ / Consumer Discretionary /

Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 3.83% Barclays $190 → $200 Maintains Overweight 01/02/2024 -5.52% Jefferies $157 → $182 Maintains Hold 10/27/2023 -11.75% Raymond James $165 → $170 Maintains Outperform 10/26/2023 -9.15% Truist Securities $172 → $175 Maintains Hold 10/26/2023 -5% Morgan Stanley $182 → $183 Maintains Overweight 10/26/2023 -10.19% Barclays $169 → $173 Maintains Overweight 10/23/2023 -0.85% HSBC → $191 Initiates Coverage On → Buy 10/16/2023 -5.52% Morgan Stanley $170 → $182 Maintains Overweight 09/12/2023 -14.86% TD Cowen $148 → $164 Maintains Outperform 08/14/2023 -16.42% Bernstein $152 → $161 Maintains Market Perform 07/27/2023 -11.75% Morgan Stanley $163 → $170 Maintains Overweight 07/27/2023 -14.86% Baird $160 → $164 Maintains Outperform 07/21/2023 -16.42% Wells Fargo $151 → $161 Maintains Equal-Weight 07/21/2023 -12.27% Barclays $166 → $169 Maintains Overweight 06/27/2023 -15.38% Morgan Stanley $166 → $163 Maintains

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Marriott (NASDAQ:MAR) Stock Analyst Ratings

/ / Consumer Discretionary /

Marriott (NASDAQ:MAR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -3.03% Barclays $208 → $234 Maintains Equal-Weight 01/02/2024 -5.93% Jefferies $205 → $227 Maintains Hold 12/05/2023 -8.83% Wells Fargo → $220 Initiates Coverage On → Equal-Weight 10/23/2023 -3.44% HSBC → $233 Initiates Coverage On → Buy 10/16/2023 -3.85% Morgan Stanley $225 → $232 Maintains Overweight 09/21/2023 -8.41% Truist Securities → $221 Reiterates Hold → Hold 09/21/2023 -6.76% B of A Securities $215 → $225 Maintains Buy 09/12/2023 -10.9% TD Cowen $185 → $215 Maintains Outperform 08/31/2023 -6.76% Citigroup $175 → $225 Maintains Neutral 08/14/2023 -9.66% Bernstein $204 → $218 Downgrades Outperform → Market Perform 08/07/2023 -8% Wells Fargo $212 → $222 Maintains Overweight 08/02/2023 -8.41% Truist Securities $213 → $221 Maintains Hold 08/02/2023 -3.85% Argus Research $208 → $232 Maintains Buy 08/02/2023 -6.76% Morgan Stanley $208 → $225 Maintains Overweight 08/02/2023

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