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U.S. restaurant sales were up for the second straight month as a 0.3% increase in February followed the +2.3% mark in January. More news on: The Cheesecake Factory Incorporated, Cracker Barrel Old Country Store, Inc., Dunkin' Brands Group, Inc., Consumer stocks news, Stocks on the move, ...
Wall Street took a huge hit in afternoon trading on Monday as coronovirus fears reach new heights. The stock market saw its third consecutive day of losses amid the sell-off. The Dow fell 998 points, losing 3.4% of its full value, the S&P 500 lost 3.3%, and the Nasdaq composite, containing ...
Investment Thesis We believe that the coronavirus outbreak is coming to an end quickly, as the turning point is showing up for the infection numbers. The Chinese government also came up with stimulus actions to fight the negative impact on the economy. The market will compensate China-relate...
New York, New York--(Newsfile Corp. - February 19, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Luckin Coffee Inc. (NASDAQ: LK) ("Luckin Coffee" or the "Company") of the April 13, 2020 deadline to seek the role of lead plaintiff in a fede...
Is anyone really shocked by Apple’s negative revenue guidance? The market was mooted to be impacted by Apple ( AAPL ) announcing being affected by the coronavirus . This is something we covered early last week. I'm sure that by that time Tuesday, Feb. 18, no one was truly taken b...
New York, New York--(Newsfile Corp. - February 18, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (NASDAQ: LK) of the April 13, 2020 deadline to seek the role of lead plaintiff in a federal se...
First the good news… The below are several statements I have gleaned from various news items, from Bloomberg TV, the Seeking Alpha News Team, the Wall Street Journal etc., and my commentary intermixed. The number of new coronavirus cases in China fell on Sunday and a health offi...
Source: Xinhua Investment Thesis Based on our assessment, the coronavirus is closer to a more contagious and stronger flu as compared with other deadlier viruses. We are confident that the Chinese government will be able to successfully manage the situation. With that said, we believe ...
Apple ( AAPL ) was weakened today over Wuhan Coronavirus fears. I think it's especially sensitive to such sentiment because it seems to be at an equilibrium level. Perhaps the bulls and bears are perfectly balanced. At one point it was down to 315. I could see further weakness over the epi...
Investment Thesis We found Muddy Waters' short report on Luckin Coffee (NASDAQ: LK ) not well-justified. The credibility of the report and analyses embedded is questionable. Investors should not panic over the report and can wait till the Q4 results, and a current sell-off may present a goo...
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How Did One Gold Stock Pull Off A Near $3 Billion Fraud Scheme? With gold prices reaching levels not seen since 2011, it’s no wonder why investors are turning toward the shiny metal. The market value of gold has now jumped above $1,800. Even in spite of price pulling back in July, gol...
BEIJING, July 01, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (OTC: LKNCY) announced that its Special Committee of the Board of Directors (the “Special Committee”), with the assistance of its advisors, Kirkland & Ellis International LLP and FT...
The stock market had a tough day to end the week, with investors growing increasingly nervous about the rising number of new COVID-19 cases. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has resisted coronavirus-inspired sell-offs before, but it didn't succeed today, losing around 2.5%. The Nas...