The Daily Dose: Sorry, Can't Deal Anymore

 | Mar 21, 2014 | 12:00 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:






I can't do any more broad market commentary this week. I'm totally burnt out picking apart two words from the new Fed chief. I'm tired of hearing borderline-useless guidance expressed by stock promoters; it's as if the majority have no original thoughts. The consistency of their "advice" is indicative that many only have strategies to trade the tape instead of thinking through longer-term aspects of the global business community on a deeper level. Maybe they discuss such stuff behind the scenes, enter positions to profit from unforeseen asset-class imbalances and then present their ideas later to the public (as they exit positions) -- but only they know for sure. So, let's end the week talking about companies.

Starbucks Loves Beer

Starbucks (SBUX) selling alcohol is the company trying to train a new generation of its coffee drinkers, currently aged 13 to 19, that it can be your local classy cool bar to have a happy hour jam session after your first week on a new job at age 21. For those already over the age of 21, this is Starbucks trying to change perception that it just sells coffee and is, in fact, the place to take the family for healthier food as opposed to Red Lobster.

 I want to jump back on the Starbucks bull team as, yes, these new product announcements are exciting and will fundamentally add to sales and earnings in the future. But overall, meh. The truth for any retailer is found in its stores, and I continue to see issues related to menu expansion that are causing inefficiencies.

Wal-Mart's Spring Black Friday

The bottom line on ridiculous marketing: Wal-Mart (WMT) holding Black Friday in March is a sign the company's first quarter is running below its expectations amid continued over-ordering of seasonal merchandise. It's a major problem that I been raising for over a year, most recently in this piece.

OK Nike

Watch this video for an interesting tidbit I learned talking to Nike (NKE) executives responsible for the Fuelband wearable last week. Kind of creepy. Broadly speaking, a solid quarter from Nike with some eye-popping revenue growth numbers. However, the quarter may not receive the love from the market given three things: a new inventory issue in China; less than robust EBIT margin expansion from emerging markets on very strong sales; and the company is simply on a runaway spending stretch on digital product innovation and World Cup marketing.

Columnist Conversations

Foot Locker's (FL) less than expected quarterly earnings set off a round of selling the entire athletic appare...
View Chart »  View in New Window » Gold has met the first upside target off the last setup zon...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.